Eng - IOI Group

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contents002 Chairman’s Statement010 Group Financial Overview012 Group Performance Highlights013 Group Quarterly ResultsFinancial Calendar014 Five-Year Financial HighlightsManagement’s Discussion and Analysis018 • Group Financial Review027 • Group Business Review058 Corporate Information059 Profile of Directors066 Audit Committee Report071 Corporate Governance079 Statement on Internal Control082 Statement of Directors’ Interest083 Other Information090 Senior Management Team091 Group Business Structure092 Global Presence094 Location of Operations in Malaysia096 Corporate Calendar100 Social Contributions103 Financial Statements258 Group PropertiesAnnual General Meeting Information270 • Notice of Annual General Meeting274 • Statement Accompanying Notice ofAnnual General Meeting275 Shareholders InformationProxy Form
Chairman’s StatementDear Valued Shareholders,On behalf of the Board of Directors ofIOI Corporation Berhad, it gives me greatpleasure to present to you the AnnualReport and Financial Statements of yourCompany and the Group for the financialyear ended 30 June 2007.HIGHLIGHTSIn contrast to FY2006 when we had “to sail against the wind”, FY2007 was a good year for us. With the wind behind us, wereturned onto our growth path again, achieving new highs in our financial results:• Group revenue increased by 47% from RM6.11 billion to RM8.95 billion• Operating profit registered RM2.06 billion, a 69% increase over the RM1.22 billion achieved the previous year• Pre-tax profit grew by 73% from RM1.15 billion to RM1.99 billion for FY2007• Net earnings increased by 79% from RM0.83 billion to RM1.48 billion• Return on average equity for the year, ROE, improved from 15.2% to 21.5% for FY2007OPERATING BACKGROUNDBusiness conditions under which the Group’s core businesses operate where generally more favourable in FY2007 than those inthe preceding year.The global economy did well, expanding by 5% in 2006 despite a slight slow down in the US economy. The global growth rate wasboosted by strong growth from the leading emerging economies, notably, India and China as well as an improved showing fromEurope, all of which are important markets for palm oil and its derivative products such as oleochemicals and specialty fats. The globalmarket was also characterised by surplus liquidity which fueled interests in M&A activities and property acquisitions. On anotherdimension, global interests in renewable energy sources, global warming and environmental issues have reached unprecedentedlevels not experienced before. These have significant positive ramifications on vegetable oil prices and their sustained demand.On the local front, a sanguine Malaysian economy, which grew by 5.9% in 2006, positive market sentiments and keen interests inprime properties helped to ignite demand in selective property segments.IOI Corporation BerhadANNUAL REPORT 2007
Page 3: Our Vision... is to be a leading co
Page 12: Responsibility“ Today, more than
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Page 20 and 21: Efficiency“The future belongs to
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Page 30 and 31: PALM OIL BUSINESS STREAMManagement
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Management’s Discussion and Analy
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Management’s Discussion and Analy
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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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