Adaro in Summary
- Five Year Financial Highlights
- 2009 Important Dates and Share Price Information
- Our Vision
- Adaro Described
- Why Adaro?
- Why Adaro?
- 1 Robust industry prospects
- 2 Good track record of growth, large reserves to support continued expansion
- 3 Amongst the world’s largest and lowest cost, vertically integrated producers
- 4 Reputable and supportive shareholders, and experienced management team
- 5 Highly differentiated product - EnvirocoalTM
- 6 Diversified and loyal customer base and high earnings visibility
- 7 Consistently improving financial profile since LBO
- 8 Growth and value ceation set to continue
- 9 Committed to corporate social responsibility
- 10 Excellent safety record
- 11 Award winning performance and standards
- Map of Operations
- Our Subsidiaries = Our Coal Supply Chain
- Vertically Integrated from Pit to Port
- Management Report
- Corporate Overview
- Our Subsidiaries Described
- Review of Operations
- Interview with Chia Ah Hoo, Director of Operations
- Special Section: Historical Photo Album
- Interview with Alastair Grant, Director of Marketing
- Health, Safety and the Environment
- Financial Review
- Interview with David Tendian, Director of Finance
- Special Section: Adaro Bond in the News
- Exploration and Reserves
- Exploring Initiatives for a Bigger and Better Adaro Energy
- Interview with Sandiaga S. Uno, Director
- Governing Adaro
- Status of Corporate Governance Practices
- Implementation of the Company’s Good Corporate Governance
- General Meeting of Shareholders (GMS)
- Board of Directors Training Programs to Enhance Competency
- Board of Commissioners and Board of Directors
- The Board of Commissioners
- Audit Committee
- The Board of Directors
- Board of Directors Meetings
- Nomination of Members of the Boards
- Internal Audit
- External Auditor
- Corporate Secretary
- Remuneration of the Boards
- Share Ownership of the Boards 2009
- Audit Committee Report
- Internal Audit Unit Report
- Interview With Andre J. Mamuaya, Director of Corporate Affairs and Corporate Secretary
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General Meeting of Shareholders (GMS)
Adaro Energy conducted its Annual General Meeting of Shareholders (AGMS) on June 3, 2009, with a quorum of attending shareholders represented by valid voting shares reaching 23,830,586,853 shares or 74.5% of total issued shares in attendance, which was well above the quorum requirement (more than 50%). The AGMS approved the subsequent agenda:
Agenda 1
The AGMS approved the Company’s annual report for fiscal year ending December 31, 2008 and ratified
the Company’s Balance Sheet and Profit & Loss for fiscal year ending December 31, 2008 which was
audited by Public Accountant, Haryanto, Sahari and Rekan (a member firm of PricewaterhouseCoopers
global network), as stipulated in the Independent Auditor Report dated March 16, 2009, No. A01051/DC2/
DWD/II/2009 with unqualified opinion with explanation paragraph.
With the approval of the Management Report as well as the ratification of the Company’s Balance Sheet and Profit and Loss for the fiscal year ending December 31, 2008, acquit et de charge was granted to the Board of Directors and the Board of Commissioners over the management and supervision of the Company during 2008 as long as such management and supervision was reflected in the Company’s Balance Sheet and Profit and Loss calculation.
Agenda 2
It was agreed that the of Company’s Net Profit for the fiscal year 2008 of Rp887,198,605,378 would be
used for the following appropriations:
- Rp44,359,930,269 to be set aside for general reserve fund stipulated in article 70 of Company Law No. 40 Year 2007.
- Dividend payment of Rp377,434,351,600 which constitutes 42.5% of the Company’s Net Profit. In
disbursing the dividend payment, the Company’s Board of Directors is authorized; with substitution rights:
- to determine the list of shareholders for dividend payment eligibility;
- to determine the dividend payment method;
- to carry out all necessary actions related to such issues including setting the dividend payment schedule. The dividend payment schedule to be published in two nationally circulated media taking into account prevailing laws and regulations.
- Rp465,404,323,509 will be appropriated for Retained Earnings.
Agenda 3
The AGMS authorized the Company’s Board of Commissioners to appoint a Public Accountant registered
with Bapepam-LK to audit the Company’s financial statements for the current ongoing fiscal year and the
fiscal year ending December 31st, 2009 and also empowered the Board of Commissioners to determine
the honorarium of such Public Accountant Firm as well as other requirements.
| Agenda 4 The AGMS approved the entire determination of the honorarium/salaries and other allowances for the Company’s Board of Commissioners and the Board of Directors to a maximum of forty billion Rupiah excluding incentives in the form of MSOP (Management Stock Option Plan) and authorized the Board of Commissioners to determine the composition of the Board of Directors’ salaries and other allowances. Agenda 5
The above AGMS resolutions were published on June 5th, 2009 in Bisnis Indonesia daily and Republika daily. |
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