Eng - IOI Group

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Notes To The Financial Statements cont’d48. SIGNIFICANT EVENTS SUBSEQUENT TO THE FINANCIAL YEAR cont’dProposed joint-venture for oil palm cultivation in Indonesia cont’dii.a 67% stake in several companies (“2 nd JV Co”) which will have total land available for planting of approximately128,000 ha.Total consideration payable for the above stakes is expected to be approximately USD130 million, based on an estimated totalenterprise value of about USD385 million.Under the Proposed Joint Venture, the Company shall be responsible for providing plantation management and technical supportunder a technical support agreement whereas Harita, will be responsible for human resource and regulatory matters.The Proposed Joint Venture is in line with the Group’s strategy of growing its core palm oil business under appropriate conditions.It will provide immediate addition to planted hectarage as well as substantial suitable land bank for sustained business growth,hence providing the Group with the opportunity to capitalise on the very favourable outlook for the oil palm industry.The definitive agreements are expected to be executed in September 2007.49. SEGMENTAL INFORMATIONSegment information is presented in respect of the Group’s business and geographical segments. The primary format, businesssegments, is based on the Group’s management and internal reporting structure. Inter-segment transactions were carried out onterms and conditions not materially different from those obtainable in transactions with independent third parties.Business SegmentsThe Group comprises the following main business segments:PlantationProperty developmentProperty investmentResource-based manufacturingOther operationsCultivation of oil palm and rubber and processing of palm oilDevelopment of residential and commercial propertiesInvestment in shopping mall, office complex and other propertiesManufacturing of oleochemicals, specialty oils and fats, palm oil refinery and palm kernelcrushingManagement and operation of hotels and resorts, landscape services and other operationswhich are not sizable to be reported separately241ANNUAL REPORT 2007IOI Corporation Berhad
Notes To The Financial Statements cont’d49. SEGMENTAL INFORMATION cont’dGeographical SegmentsThe Group’s major businesses operate in the following principal geographical areas:MalaysiaEuropeNorth AmericaAsiaOthersBusiness SegmentsCultivation of oil palm and processing of palm oilDevelopment of residential and commercial propertiesInvestment in shopping mall, office complex and other propertiesManufacturing of oleochemicals, palm oil refinery and palm kernel crushingManufacturing and supply of specialty oils and fatsManagement and operation of hotels and resorts, landscape servicesManufacturing and supply of specialty oils and fatsManufacturing and supply of specialty oils and fatsSupply of oleochemicals, refined and specialty oils and fatsInvestment in office complex and various sale offices for specialty oils and fats around the worldwhich are not sizable to be reported separatelyResourceProperty Property -based OtherPlantation development investment manufacturing operations Eliminations ConsolidatedRM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’0002007RevenueExternal sales 394,276 706,858 67,090 7,688,727 95,776 - 8,952,727Inter-segment sales 1,111,467 - - - - (1,111,467) -Total revenue 1,505,743 706,858 67,090 7,688,727 95,776 (1,111,467) 8,952,727ResultSegment results 926,859 397,171 201,182 405,427 54,679 - 1,985,318Translation gain on USDdenominated borrowings 112,423Other unallocated corporateexpenses (39,510)Operating profit 2,058,231Interest income 39,680Finance costs (144,154)Share of results of associates 10,600 - - 26,723 - - 37,323Share of results of jointlycontrolled entity - (7) - - - - (7)Profit before taxation 1,991,073Taxation (340,109)Profit for the financial year 1,650,964IOI Corporation BerhadANNUAL REPORT 2007 242
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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 193 and 194: Notes To The Financial Statements c
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Page 261 and 262: Group PropertiesA. PLANTATION ESTAT
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Page 273 and 274: Notice of Annual General MeetingNOT
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Page 283 and 284: fold herestampThe Company Secretary
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Eng - IOI Group

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