Eng - IOI Group

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Notes To The Financial Statements cont’d28. DEPOSITS WITH FINANCIAL INSTITUTIONSGroupCompany2007 2006 2007 2006RM’000 RM’000 RM’000 RM’000Deposits with licensed banks 406,738 302,498 242,121 19,089Deposits with discount houses 100,332 116,097 - 57,059507,070 418,595 242,121 76,14829. CASH AND BANK BALANCESIncluded in the Group’s cash and bank balances is an amount of RM112,964,000 (2006 - RM132,156,000) held under HousingDevelopment Account pursuant to Section 7A of the Housing Development (Control and Licensing) Act, 1966 which is not availablefor general use by the Group.30. NON-CURRENT ASSETS HELD FOR SALEAs at end of the financial year 30 June 2007, the non-current assets held for sale are as follows:Group2007 2006RM’000 RM’000Property, plant and equipment (Note 14) 1,959 -Land held for property development (Note 16) 11,231 -13,190 -There is no liability directly associated with non-current assets classified as held for sale.The Group has presented the above non-current assets as held for sale as the Group has entered into separate agreements todispose off two parcels of land previously held for property development. These land have a combined acreage of 165.2 hectares.The disposals are pending completion.The Group is also committed to dispose off a residential apartment located in London, United Kingdom previously classified asproperty, plant and equipment. This asset will be recovered principally through sales.189ANNUAL REPORT 2007IOI Corporation Berhad
Notes To The Financial Statements cont’d31. SHARE CAPITALOn 6 June 2007, the Company has subdivided its existing 1,243,764,378 ordinary shares of RM0.50 each into 6,218,821,890ordinary shares of RM0.10 each (“Share Split”). The Share Split was completed with the listing and quotation of the new shareson the Main Board of Bursa Malaysia Securities on 7 June 2007.Group and CompanyNo. of shares RM’000Authorised2007Ordinary shares of RM0.10 each 7,500,000,000 750,0002006Ordinary shares of RM0.50 each 1,500,000,000 750,000Issued and fully paid-up2007Before Share SplitOrdinary shares of RM0.50 eachAt beginning of financial year 1,210,533,785 605,267Issue of shares arising from the exercise of ESOS at RM12.50 per share 2,565,000 1,282Issue of shares arising from the exchange of the 1 st Exchangeable Bondsat RM11.06 per share 42,530,382 21,266Issue of shares arising from the exchange of the 2 nd Exchangeable Bondsat RM23.50 per share 2,848,111 1,424Transfer to capital reserve arising from cancellation of treasury shares (Note 32.1) (14,712,900) (7,356)1,243,764,378 621,883After Share SplitOrdinary shares of RM0.10 eachSubdivision of ordinary shares of RM0.50 each into RM0.10 each 4,975,057,512 -Issue of shares arising from the exercise of ESOS at RM2.50 per share 3,010,400 301Issue of shares arising from the exchange of the 1 st Exchangeable Bondsat RM2.20 per share 10,294,544 1,029Issue of shares arising from the exchange of the 2 nd Exchangeable Bondsat RM4.70 per share 17,681,156 1,768Issue of shares pursuant to a special issue to Bumiputera Investors 9,000,000 900At end of financial year 6,258,807,990 625,881IOI Corporation BerhadANNUAL REPORT 2007 190
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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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CORPORATE SOCIAL RESPONSIBILITY (CS
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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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Profile of Directors cont’dDATUK
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Excellence in ExecutionOur commitme
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Audit Committee Report cont’dTERM
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Audit Committee Report cont’dTERM
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Corporate GovernanceINTRODUCTIONThe
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Corporate Governance cont’dTHE BO
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Corporate Governance cont’dTHE BO
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Corporate Governance cont’dSHAREH
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Statement on Internal ControlINTROD
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Statement on Internal Control cont
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Other InformationCOMPOSITION OF SHA
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RECURRENT RELATED PARTY TRANSACTION
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Other Information cont’dPENALTIES
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Senior Management TeamGroup Chief E
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Global PresenceNORTH AMERICA• USA
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Location of Operations in MalaysiaP
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Corporate CalendarNov 2006• IOI P
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Corporate Calendar cont’dMarch200
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Social ContributionSep 2006• Yaya
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Social Contributions cont’dMay 20
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Directors’ ReportThe Directors of
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Directors’ Report cont’dUSD310
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Directors’ Report cont’dExecuti
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Directors’ Report cont’dReserve
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Directors’ Report cont’dDirecto
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Directors’ Report cont’dStatuto
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Directors’ Report cont’dSignifi
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Directors’ Report cont’dSignifi
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Income Statementsfor the financial
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Balance Sheets cont’das at 30 Jun
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Statements Of Changes In Equity con
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Statements Of Changes In Equity con
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Cash Flow Statements cont’dfor th
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Cash Flow Statements cont’dfor th
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Notes To The Financial Statements c
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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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This page has been intentionally le
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fold herestampThe Company Secretary
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Eng - IOI Group

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