Eng - IOI Group

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Directors’ Report cont’dDirectors’ BenefitsDuring and at the end of the financial year, no arrangement subsisted to which the Company is a party, with the object or objects ofenabling Directors of the Company to acquire benefits by means of the acquisition of shares in or debentures of the Company or anyother body corporate, except for the share options granted to Directors of the Company pursuant to the Company’s ESOS.Since the end of the previous financial year, none of the Directors of the Company has received or become entitled to receive any benefit(other than the benefits as disclosed in Note 43 to the financial statements) by reason of a contract made by the Company or by a relatedcorporation with a Director, or with a firm of which the Director is a member, or with a company in which the Director has a substantialfinancial interest except for any benefits which may be deemed to have arisen by virtue of the significant related party transactions asdisclosed in Note 43 to the financial statements.Statutory Information on the Financial StatementsBefore the income statements and balance sheets of the Group and of the Company were made out, the Directors took reasonablesteps:i. to ascertain that proper action had been taken in relation to the writing off of bad debts and the making of allowance for doubtfuldebts, and have satisfied themselves that all known bad debts had been written off and that adequate allowance had been madefor doubtful debts; andii.to ensure that any current assets, other than debts, which were unlikely to realise their book values in the ordinary course ofbusiness of the Group and of the Company have been written down to an amount which they might be expected so to realise.As at the date of this report, the Directors are not aware of any circumstances:i. which would render the amounts written off for bad debts or the amount of the allowance for doubtful debts in the financialstatements of the Group and of the Company inadequate to any substantial extent; orii.which would render the values attributed to current assets in the financial statements of the Group and of the Company misleading;oriii.which have arisen which would render adherence to the existing method of valuation of assets or liabilities of the Group and of theCompany misleading or inappropriate.113ANNUAL REPORT 2007IOI Corporation Berhad
Directors’ Report cont’dStatutory Information on the Financial Statements cont’dAs at the date of this report, there does not exist:i. any charge on the assets of the Group or of the Company that has arisen since the end of the financial year which secures theliabilities of any other person; orii.any contingent liability in respect of the Group or of the Company that has arisen since the end of the financial year.No contingent or other liability has become enforceable, or is likely to become enforceable within the period of twelve months after theend of the financial year which, in the opinion of the Directors, will or may substantially affect the ability of the Group or of the Companyto meet their obligations when they fall due.Other Statutory InformationAs at the date of this report, the Directors are not aware of any circumstances not otherwise dealt with in this report or the financialstatements of the Group and of the Company that would render any amount stated in the respective financial statements as misleading.In the opinion of the Directors:i. the results of operations of the Group and of the Company for the financial year were not substantially affected by any item,transaction or event of a material and unusual nature; andii.no item, transaction or event of a material and unusual nature has arisen in the interval between the end of the financial year andthe date of this report which is likely to affect substantially the results of the operations of the Group and of the Company for thefinancial year in which this report is made.Different Financial Year End of SubsidiariesDue to the local requirements, three indirect subsidiaries of the Company, Loders Croklaan (Shanghai) Trading Co. Ltd., Tianjin PalmcoOil & Fats Co. Ltd., Loders Croklaan Latin America Comercio e Industria Ltda are adopting 31 December financial year end which do notcoincide with that of the Company. The Directors of the Company have been granted approvals under Section 168(3) of the CompaniesAct, 1965 by the CCM for the aforementioned subsidiaries to have different financial year end from that of the Company for the financialyear ended 30 June 2007.IOI Corporation BerhadANNUAL REPORT 2007 114
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Our Vision... is to be a leading co
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Chairman’s StatementDear Valued S
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Responsibility“ Today, more than
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Group Performance Highlights2007 20
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Efficiency“The future belongs to
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Management’s Discussion and Analy
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PALM OIL BUSINESS STREAMManagement
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KepongKLCCKL SentralPetaling JayaKu
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Corporate InformationBOARD OF DIREC
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Profile of Directors cont’dDATO
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Statement By DirectorsIn the opinio
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Group PropertiesA. PLANTATION ESTAT
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Group Properties cont’dA. PLANTAT
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Group Properties cont’dB. DEVELOP
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Group Properties cont’dC. INVESTM
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Group Properties cont’dD. INDUSTR
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Group Properties cont’dE. OTHER P
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Notice of Annual General MeetingNOT
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Notice of Annual General Meeting co
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Statement Accompanying Noticeof Ann
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Shareholders Information cont’das
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fold herestampThe Company Secretary
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Eng - IOI Group

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