Eng - IOI Group

Notes To The Financial Statements cont’d41. ACQUISITION OF SUBSIDIARIES cont’d41.2 Pan-Century Edible Oils Sdn Bhd and Pan-Century Oleochemicals Sdn Bhd cont’dIf the above acquisitions had occurred on 1 July 2006, management estimates that the consolidated revenue and profit forthe financial year would have been as follows:Profit forthe financialRevenue yearRM’000 RM’000As reported 8,952,727 1,650,964Acquisition of Rinwood Pelita Plantation Sdn Bhd and Rinwood Pelita Quarry Sdn Bhd 2,241 (551)Acquisition of Pan-Century Edible Oils Sdn Bhd and Pan-Century Oleochemicals Sdn Bhd 1,046,983 35,220Estimated results if acquisitions had occurred on 1 July 2006 10,001,951 1,685,63342. CASH AND CASH EQUIVALENTSCash and cash equivalents at end of financial year comprise:GroupCompany2007 2006 2007 2006RM’000 RM’000 RM’000 RM’000Short term funds 1,879,345 460,633 1,650,139 196,701Deposits with financial institutions 507,070 418,595 242,121 76,148Cash and bank balances 341,581 349,110 3,559 15,670Bank overdrafts (7,013) (7,897) - -2,720,983 1,220,441 1,895,819 288,519The Group has undrawn borrowing facilities of RM980,000,000 (2006 - RM688,719,000) at end of the financial year.43. SIGNIFICANT RELATED PARTY DISCLOSURES43.1 Identity of related partiesParties are considered to be related to the Group if the Group has the ability, directly or indirectly, to control the party orexercise significant influence over the party in making financial and operation decisions, or vice versa, or where the Groupand the party are subject to common control or common significant influence. Related parties may be individual or otherentities.IOI Corporation BerhadANNUAL REPORT 2007 220