Eng - IOI Group

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Notes To The Financial Statements cont’d33. RETAINED EARNINGSSubject to agreement with the tax authorities:i. the Company has sufficient tax credits under Section 108 of the Income Tax Act, 1967 to frank approximately RM316,894,000(2006 - RM335,776,000) of its retained earnings as dividends; andii.the Company has approximately RM178,595,000 (2006 - RM265,643,000) in its tax exempt accounts available fordistribution of tax exempt dividends.The extent of the retained earnings not covered as at 30 June 2007 amounted to RM1,347,026,000 (2006 - RM1,131,609,000).34. LONG TERM BORROWINGSGroup2007 2006RM’000 RM’000SecuredTerm loans (Note 34.1) 68,552 163,658Less: portion due within 12 months included under short term borrowings (Note 39) (68,552) (94,444)- 69,214UnsecuredTerm loans (Note 34.1) 619,951 -Less: portion due within 12 months included under short term borrowings (Note 39) (6,718) -613,233 -1 st Exchangeable Bonds (Note 34.2) - 439,1632 nd Exchangeable Bonds (Note 34.3) 1,051,107 -Guaranteed Notes (Note 34.4) 1,717,323 1,825,8543,381,663 2,265,0173,381,663 2,334,231199ANNUAL REPORT 2007IOI Corporation Berhad
Notes To The Financial Statements cont’d34. LONG TERM BORROWINGS cont’d34.1 Term loansThe term loans of the Group include:Securedi. RM350 million term loan that is secured by a fixed charge over shares in subsidiaries of IOI Oleochemical IndustriesBerhad, Unipamol Sdn Bhd and Pamol Plantations Sdn Bhd. The outstanding amount as at end of the financial yearis RM43.75 million (2006 - RM131.25 million). This term loan bears interest at 4.5% per annum and is repayable byequal quarterly instalments of RM21.875 million commencing January 2004.ii.SGD20 million term loan pertaining to a foreign incorporated subsidiary that is secured by a first legal charge over thesubsidiary’s investment property. The outstanding amount as at end of the financial year is SGD11.0 million (2006- SGD14.0 million). This term loan bears interest at rates ranging from 3.17% to 4.54% (2006 - 2.79% to 4.48%) perannum and is repayable by annual instalments of varying amount over 5 years commencing June 2004.Unsecuredi. 30-year JPY15 billion fixed-rate loan due 2037 that was drawn down on 22 January 2007 by a wholly-ownedsubsidiary incorporated in Labuan. The outstanding amount as at end of the financial year is JPY15 billion. This fixedrateloan bears interest at 4.325% per annum and is repayable in full on 22 January 2037.ii.iii.iv.SGD75 million term loan pertaining to a foreign incorporated subsidiary. The outstanding amount as at end of thefinancial year is SGD75.0 million (2006 - nil). This term loan bears interest at rates ranging from 3.05% to 3.32%(2006 - nil) per annum and is repayable in 3 years from drawndown date in June 2007.USD4.6 million term loan that was drawn down by a subsidiary acquired during the financial year. The outstandingamount as at end of the financial year is USD1.4 million (2006 - nil). This term loan bears interest at 5.8% (2006 - nil)per annum and is repayable by semi-annual instalments of USD0.46 million commencing February 2004.USD4.6 million term loan that was drawn down by a subsidiary acquired during the financial year. The outstandingamount as at end of the financial year is USD1.5 million (2006 - nil). This term loan bears interest at 5.51% (2006- nil) per annum and is repayable by semi-annual instalments of USD0.51 million commencing January 2005.The term loans are repayable by instalments of varying amounts over the following periods:Group2007 2006RM’000 RM’000Less than 1 year 75,270 94,4441 - 2 years 3,356 69,2142 - 3 years 169,102 -3 - 4 years - -4 - 5 years - -More than 5 years 440,775 -688,503 163,658IOI Corporation BerhadANNUAL REPORT 2007 200
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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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fold herestampThe Company Secretary
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Eng - IOI Group

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