Eng - IOI Group

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Notes To The Financial Statements cont’d35. OTHER LONG TERM LIABILITIES cont’d35.1 Retirement benefits cont’dLiability for defined benefit obligationsPrincipal actuarial assumptions used at the balance sheet date (expressed as weighted averages):Group and Company2007 2006RM’000 RM’000Discount rate 5.44% 4.91%Expected return on plan assets 5.77% 5.80%Future salary increases 3.36% 3.00%36. DEFERRED TAXATIONGroupCompany2007 2006 2007 2006RM’000 RM’000 RM’000 RM’000At beginning of financial year 335,496 371,417 670 6,020Recognised in the income statement- Current year 10,107 (22,132) (1,350) (5,350)- Prior years 5,299 3,110 1,070 -15,406 (19,022) (280) (5,350)Addition through issuance of 2 nd ExchangeableBonds (Note 34.3) 34,036 - - -Addition through subsidiaries acquired 54,749 - - -Reduction through subsidiary disposed (2,731) - - -Reduction through exchange of 1 st ExchangeableBonds (Note 34.2) (8,632) (16,999) - -Reduction through exchange of 2 nd ExchangeableBonds (Note 34.3) (2,875) - - -Foreign currency translation differences (1,585) 100 - -At end of financial year 423,864 335,496 390 670209ANNUAL REPORT 2007IOI Corporation Berhad
Notes To The Financial Statements cont’d36. DEFERRED TAXATION cont’dPresented after appropriate offsetting as follows:GroupCompany2007 2006 2007 2006RM’000 RM’000 RM’000 RM’000Deferred tax liabilities 502,857 430,885 390 670Deferred tax assets (78,993) (95,389) - -423,864 335,496 390 670The movement of deferred tax liabilities and assets during the financial year prior to offsetting are as follows:Deferred tax liabilitiesGroupCompany2007 2006 2007 2006RM’000 RM’000 RM’000 RM’000At beginning of financial year 430,885 490,209 670 6,020Recognised in the income statementsTemporary differences on accelerated capital allowances 12,853 (18,149) (210) (5,350)Temporary differences on prepaid lease rental (148) (449) - -Temporary differences on recognition of project expenses (248) (1,995) - -Temporary differences on amortisation of fair value adjustmentson business combinations (2,718) (1,917) - -Temporary differences on revaluation of assets (547) (5,275) - -Temporary differences on 1 st Exchangeable Bonds (1,726) (9,361) - -Temporary differences on 2 nd Exchangeable Bonds (8,445) - - -Temporary differences on fair value adjustments oninvestment properties 20,623 - - -Other temporary differences 173 (5,892) - -Effect of changes in tax rates on deferred tax (24,567) - (70) -(4,750) (43,038) (280) (5,350)Addition through issuance of 2 nd Exchangeable Bonds 34,036 - - -Reduction through exchange of 1 st Exchangeable Bonds (8,632) (16,999) - -Reduction through exchange of 2 nd Exchangeable Bonds (2,875) - - -Addition through subsidiaries acquired 58,530 - - -Reduction through subsidiary disposed (2,731) - - -Foreign currency translation differences (1,606) 713 - -At end of financial year 502,857 430,885 390 670IOI Corporation BerhadANNUAL REPORT 2007 210
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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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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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