Eng - IOI Group

Notes To The Financial Statements cont’d3. ADOPTION OF NEW AND REVISED FINANCIAL REPORTING STANDARDS (“FRSs”) AND AMENDMENTS TO FRSscont’d3.4 Summary of effects of adopting new and revised FRSs on the current year’s financial statementsThe following tables provide estimates of the extent to which each of the line items in the balance sheets and incomestatements for the financial year ended 30 June 2007 is higher or lower than it would have been had the previous policiesbeen applied in the current financial year:3.4.1 Cumulative effects on balance sheets as at 30 June 2007Cumulative Increase/(Decrease)FRS 2 FRS 3 FRS 3 FRS 5 FRS 117 FRS 121 FRS 140Note 3.3.1 Note 3.3.2 (i) Note 3.3.2 (ii) Note 3.3.3 Note 3.3.5 Note 3.3.6 Note 3.3.7 TotalRM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000GroupProperty, plant andequipment - - - (1,959) (799,677) - - (801,636)Land held for propertydevelopment - - - (11,231) - - - (11,231)Investment property - - - - - - 160,650 160,650Prepaid leasepayments - - - - 826,258 - - 826,258Goodwill onconsolidation - 32,167 - - - - - 32,167Investment in associates - - 25,541 - - - - 25,541Receivables - - - - (26,581) - - (26,581)Non-current assetsheld for sale - - - 13,190 - - - 13,190Share premium 7,644 - - - - - - 7,644Revaluation surplus - - - - - - (82,290) (82,290)Capital reserve 32,902 - - - - - - 32,902Negative goodwill - - (6,031) - - - - (6,031)Retained earnings (40,755) 32,145 29,529 - - - 170,739 191,658Minority interests 209 22 2,043 - - - 46,619 48,893Deferred tax liabilities - - - - - - 25,582 25,582CompanyProperty, plant andequipment - - - - (8,030) - - (8,030)Prepaid lease payments - - - - 8,030 - - 8,030Share premium 7,644 - - - - - - 7,644Capital reserve 30,700 - - - - - - 30,700Foreign currencytranslation reserve - - - - - 36,515 - 36,515Retained earnings (38,344) - - - - (36,515) - (74,859)141ANNUAL REPORT 2007IOI Corporation Berhad