Eng - IOI Group

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Notes To The Financial Statements cont’d43. SIGNIFICANT RELATED PARTY DISCLOSURES cont’d43.1 Identity of related parties cont’dRelated parties of the Group include:i. Direct and indirect subsidiaries as disclosed in Note 51;ii.Progressive Holdings Sdn Bhd, the major corporate shareholder of the Company;iii. Associates and jointly controlled entity as disclosed in Note 51;iv.Key management personnel which comprises persons (including the Directors of the Company) having authority andresponsibility for planning, directing and controlling the activities of the Group directly or indirectly; andv. Affiliates, companies in which the Directors who are also the substantial shareholders of the Company have substantialshareholdings interest.43.2 Significant related party transactionsIn addition to the transactions detailed elsewhere in the financial statements, the Group and the Company had the followingtransactions with related parties during the financial year:2007 2006RM’000 RM’000GroupAssociatesSales of oleochemical products and palm kernel oil 398,660 400,869Purchases of oleochemical products 14,916 15,347Purchases of palm products 24,428 18,782Agency fees income 614 407Rental income on storage tank 6,091 6,105AffiliatesProperty project management services 1,258 1,805CompanySubsidiariesSales of palm products 223,875 182,728Purchases of palm products 18,258 15,434Agency fees income 1,215 1,117Interest income 87,331 82,797Interest expense 111,033 99,302221ANNUAL REPORT 2007IOI Corporation Berhad
Notes To The Financial Statements cont’d43. SIGNIFICANT RELATED PARTY DISCLOSURES cont’d43.2 Significant related party transactions cont’dThe related party transactions described above were carried out on terms and conditions not materially different from thoseobtainable in transactions with unrelated parties.Information regarding outstanding balances arising from related party transactions as at 30 June 2007 are disclosed in Note21.3 and Note 25.2.43.3 Key management personnel compensationThe remuneration of key management personnel during the financial year is as follows:GroupCompany2007 2006 2007 2006RM’000 RM’000 RM’000 RM’000(restated)(restated)DirectorsFees 565 622 410 350Remuneration 21,456 19,150 11,631 10,284Estimated monetary value of benefits-in-kind 289 240 60 70Total short term employee benefits 22,310 20,012 12,101 10,704Post employment benefits 2,987 2,789 1,503 1,519Share option expenses 6,060 3,623 6,060 3,62331,357 26,424 19,664 15,846Other key management personnelShort term employee benefits 2,003 1,599 - -Post employment benefits 281 224 - -Share option expenses 1,678 945 - -3,962 2,768 - -IOI Corporation BerhadANNUAL REPORT 2007 222
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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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Page 261 and 262: Group PropertiesA. PLANTATION ESTAT
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Page 267 and 268: Group Properties cont’dC. INVESTM
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Page 273 and 274: 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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