Annual Report 2012 - IOI Group

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STATEMENT OF FINANCIAL POSITIONAS AT 30 JUNE 2011Statement of Financial PositionRM MILLION as at 30 June 2011AssetsProperty, plant & equipment5,677Other long term assets6,275Other current assets4,917Cash & cash equivalents (C)2,786Retained earningsfor the financial year ended 30 June 2012RM MILLIONSegment results 2,707Unallocated corporate expenses (187)Profit before interest and taxation 2,520Net interest expenses (142)Profit before taxation 2,378Taxation (550)Profit for the financial year 1,828Less: Attributable to non-controlling interests (39)Profit for the financial year attributable toowners of the parent 1,789Dividend paid (1,023)Termination of share options in a subsidiary 4Changes in equity interest in subsidiaries 1Retained earnings for the financial year 771Retained earnings as at 30.06.11 9,426Retained earnings as at 30.06.12 10,197Equity and LiabilitiesCONTRIBUTION TO SEGMENT RESULTSRM MILLION SEGMENTAL CONTRIBUTIONTO SEGMENT RESULTSRetained earnings9,426Share capital & other reserves2,573Borrowings (D)5,398Non-controlling interests262Other liabilities1,996Net Borrowings = (D)-(C) = RM2,612 MillionNet Gearing = 22%Plantation1,638Property704Resource-based Manufacturing287Others78Segment results: RM2,707 millionAnnual Report 2012IOI CORPORATION BERHAD 13
GROUP PERFORMANCEHIGHLIGHTS2012RM’0002011RM’000FINANCIAL PERFORMANCERevenue 15,640,272 16,154,251 (3)Profit before interest and taxation 2,520,282 2,986,381 (16)Profit before taxation 2,378,961 2,863,612 (17)Net operating profit after taxation (“NOPAT”) 1,971,846 2,417,949 (18)Net profit attributable to owners of the parent 1,789,370 2,222,899 (20)Average shareholders’ equity 12,313,550 11,389,679 8Average capital employed 19,875,503 17,229,164 15Operating margin (%) 15.13 17.43 (13)Return on average equity (%) 14.53 19.52 (26)NOPAT/Average capital employed (%) 9.92 14.03 (29)Basic earnings per share (sen) 27.96 34.75 (20)Dividend per share - gross (sen) 15.5 17.0 (9)Net assets per share (sen) 197 187 5Dividend cover (number of times) 1.80 2.04 (12)Interest cover (number of times) 13.45 17.85 (25)PLANTATION PERFORMANCEFFB production (MT) 3,185,878 3,295,473 (3)Yield per mature hectare (MT) 23.18 23.70 (2)Mill production (MT)Crude palm oil 668,177 686,917 (3)Palm kernel 164,235 165,701 (1)Oil extraction rate (%)Crude palm oil 20.95 20.88 0Palm kernel 5.15 5.04 2Average selling price (RM/MT)Crude palm oil 3,135 2,945 6Palm kernel 1,912 2,241 (15)Operating profit (RM/mature hectare) 11,023 11,075 (0)PROPERTY PERFORMANCESales value 856,319 942,002 (9)Sales (unit) 1,412 1,730 (18)Average selling price 606 545 11Revenue 842,977 971,630 (13)Operating profit 451,125 509,876 (12)Progress billings 784,133 986,272 (20)MANUFACTURING PERFORMANCEOLEOCHEMICALPlant utilisation (%) 77 82 (6)Sales (MT) 581,275 618,960 (6)REFINERYPlant utilisation (%) 77 72 7Sales (MT) 2,919,543 2,640,091 11SPECIALTY OILS AND FATSPlant utilisation (%) 88 92 (4)Sales (MT) 617,895 492,432 25%+/(-)14IOI CORPORATION BERHADAnnual Report 2012
Page 1 and 2: IOI CORPORATION BERHAD (9027-W)IOI
Page 3 and 4: KEYINDICATORS20%15105IOI CORPORATIO
Page 5 and 6: OUR VISIONOUR COREVALUESCONTENTSIOI
Page 7 and 8: CHAIRMAN’SSTATEMENT
Page 9 and 10: CONTRIBUTION TO SEGMENT RESULTS2012
Page 11 and 12: Sustainability andCORPORATE SOCIALR
Page 13: GROUP FINANCIALOVERVIEWCASH FLOWFOR
Page 17 and 18: FIVE-YEAR FINANCIALHIGHLIGHTS2012RM
Page 19 and 20: MANAGEMENT’SDISCUSSION AND ANALYS
Page 21 and 22: • Pre-tax Earnings decreased by 1
Page 23 and 24: 20181614121086420-2%Cost of Equity
Page 25 and 26: plantationAchievements in productiv
Page 27 and 28: PLANTATION
Page 29 and 30: PLANTATION STATISTICSCROP STATEMENT
Page 31 and 32: OPERATIONS REVIEWFor the financial
Page 33 and 34: esource-based manufacturingThe succ
Page 35 and 36: RESOURCE-BASED MANUFACTURING
Page 37 and 38: OLEOCHEMICALSMANUFACTURINGThe princ
Page 39 and 40: Bottom: IOI Loders CroklaanAmericas
Page 41 and 42: PROPERTYA green building comprises
Page 43 and 44: Property
Page 45 and 46: Left: The new Palm GardenGolf Cours
Page 47 and 48: OUTLOOK & PROSPECTSThe local proper
Page 49 and 50: sustainability andCORPORATE SOCIAL
Page 51 and 52: Top: Beneficial plants.Bottom: Buff
Page 53 and 54: Operating under the Institute of Sh
Page 55 and 56: CORPORATE SOCIALRESPONSIBILITYSocia
Page 57 and 58: SEPTEMBER 2011Palm Garden Hotel, to
Page 59 and 60: DECEMBER 2011IOI Mall Puchong offer
Page 61 and 62: APRIL 2012Yayasan TSLSC donated RM2
Page 63 and 64: BOARD OF DIRECTORS3 4211. DATO’ L
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PROFILE OFDIRECTORSWhen others seet
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Lee Cheng Leang was first appointed
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Quah Poh Keat was first appointed t
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SeniorManagement TeamGroup Chief Ex
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GLOBALPRESENCECANADAONTARIOCANADAON
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LOCATION OFOPERATIONS IN MALAYSIAPe
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CORPORATECALENDARJULY 2011IOI Corpo
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JANUARY 2012IOIP, through its subsi
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MAY 2012IOI Oleochemical’s Penang
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Audit and Risk ManagementCommittee
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x. To review any related party tran
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STATEMENT ONCORPORATE GOVERNANCEInt
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Training and Development of Directo
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Cheah Tek Kuang 2011 Forbes Global
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SHAREHOLDERSDialogue Between the Co
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STATEMENT ONINTERNAL CONTROLINTRODU
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MONITORING• The Group’s policie
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STATEMENT OF DIRECTORS’ INTERESTS
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Notes:(1) Details of the transactin
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DIRECTORS’REPORTThe Directors of
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DIRECTORS’REPORTUSD600 Million Ze
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DIRECTORS’REPORTExecutive Share O
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DIRECTORS’REPORTDirectors’ Inte
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DIRECTORS’REPORTSignificant Event
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INCOMESTATEMENTSFor The Financial Y
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STATEMENTS OFFINANCIAL POSITIONAs A
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STATEMENTS OFCHANGES IN EQUITYFor T
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STATEMENTS OFCHANGES IN EQUITYFor T
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STATEMENTS OFCASH FLOWSFor The Fina
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STATEMENTS OFCASH FLOWSFor The Fina
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NOTES TO THEFINANCIAL STATEMENTS3.
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INDEPENDENTAUDITORS’ REPORTTo The
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GROUPPROPERTIESA. PLANTATIONS ESTAT
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GROUPPROPERTIESB. DEVELOPMENT PROPE
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GROUPPROPERTIESB. DEVELOPMENT PROPE
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GROUPPROPERTIESC. INVESTMENT PROPER
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GROUPPROPERTIESD. INDUSTRIAL PROPER
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GROUPPROPERTIESE. OTHER PROPERTIES
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NOTICE ofAnnual general MeetingAGEN
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NOTICE ofAnnual general MeetingNote
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SHAREHOLDERSINFORMATIONAs At 30 Aug
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SHAREHOLDERSINFORMATIONAs At 30 Aug
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1st fold heresTAMPThe Company Secre
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Annual Report 2012 - IOI Group

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