Annual Report 2012 - IOI Group

FIVE-YEAR FINANCIALHIGHLIGHTS2012RM’0002011RM’0002010RM’0002009RM’0002008RM’000RESULTSRevenue 15,640,272 16,154,251 12,542,962 14,600,474 14,665,369Profit before taxation 2,378,961 2,863,612 2,550,633 1,550,117 3,095,197Taxation (550,432) (573,099) (485,517) (486,943) (683,010)Profit for the financial year 1,828,529 2,290,513 2,065,116 1,063,174 2,412,187Attributable to:Owners of the parent 1,789,370 2,222,899 2,035,661 983,517 2,231,632Non-controlling interests 39,159 67,614 29,455 79,657 180,555ASSETSProperty, plant and equipment 5,713,689 5,677,476 5,434,932 5,410,865 5,309,829Prepaid lease payments 29,580 30,007 29,506 31,676 31,773Land held for property development 1,858,899 834,513 913,328 866,172 927,263Investment properties 1,326,712 1,062,529 1,113,545 1,104,633 838,639Other long term investments – – 29,783 23,131 26,198Associates 817,140 668,074 572,223 536,492 542,071Jointly controlled entities 3,483,107 3,099,132 1,549,245 1,436,763 1,515,878Other assets 650,121 580,283 540,745 564,887 569,75513,879,248 11,952,014 10,183,307 9,974,619 9,761,406Current assets 9,185,620 7,703,105 7,160,110 6,007,335 7,499,81823,064,868 19,655,119 17,343,417 15,981,954 17,261,224EQUITY AND LIABILITIESShare capital 642,725 641,603 667,552 624,680 613,788Reserves 11,985,198 11,357,574 10,112,629 7,721,610 7,777,57312,627,923 11,999,177 10,780,181 8,346,290 8,391,361Non-controlling interests 287,980 262,221 289,292 426,156 965,117Total equity 12,915,903 12,261,398 11,069,473 8,772,446 9,356,478Non-current liabilities 7,946,466 5,105,693 4,841,310 5,932,356 5,494,836Current liabilities 2,202,499 2,288,028 1,432,634 1,277,152 2,409,910Total liabilities 10,148,965 7,393,721 6,273,944 7,209,508 7,904,74623,064,868 19,655,119 17,343,417 15,981,954 17,261,224Net operating profit after tax (“NOPAT”) 1,971,846 2,417,949 2,230,994 1,236,314 2,553,500Average shareholders’ equity 12,313,550 11,389,679 9,563,236 8,368,826 8,065,310Average capital employed 1 19,875,503 17,229,164 15,611,863 15,426,081 14,366,209FINANCIAL STATISTICSBasic earnings per share (sen) 27.96 34.75 32.96 16.62 36.85Gross dividend per share (sen) 15.5 17.0 17.0 8.0 17.0Net assets per share (sen) 197 187 169 140 140Return on average equity (%) 14.53 19.52 21.29 11.75 27.67NOPAT/Average capital employed (%) 9.92 14.03 14.29 8.01 17.77Net debt/Equity (%) 2 29.78 21.77 8.16 37.08 36.651 Average capital employed comprises shareholders’ equity, non-controlling interests, long term liabilities, short term borrowings and deferred taxation.2 Net debt represents total bank borrowings less short term funds, deposits with financial institutions and cash and bank balances.16IOI CORPORATION BERHADAnnual Report 2012