Annual Report 2012 - IOI Group

More documents

Recommendations

Info

32. RESERVES (Continued)32.2 Treasury shares (Continued)During the financial year, the Company repurchased its issued ordinary shares of RM0.10 each from the open market as follows:Purchase Price Per ShareCost Highest Lowest AverageNo. of Shares RM RM RM RM2012At beginning of financial year – – – – –Purchased during the financial yearJuly 2011 788,000 4,042,677 5.13 5.13 5.13August 2011 26,047,200 125,000,255 5.16 4.42 4.80November 2011 200,000 1,004,504 5.02 5.02 5.02May 2012 1,905,900 9,568,376 5.02 5.02 5.0228,941,100 139,615,812 5.16 4.42 4.82At end of financial year 28,941,100 139,615,812 5.16 4.42 4.822011At beginning of financial year 298,418,700 1,767,552,752 7.47 2.17 5.92Cancellation (298,418,700) (1,767,552,752)At end of financial year – –On 2 March 2011, the Company cancelled all its accumulated 298,418,700 treasury shares with a carrying amount ofRM1,767,552,752 or at an average price of RM5.92 per ordinary share of RM0.10 each.The transactions under Share Buy Back were financed by internally generated funds. The ordinary shares of the Companyrepurchased were held as treasury shares in accordance with the provision of Section 67A of the Companies Act, 1965 inMalaysia.32.3 Foreign currency translation reserveThe foreign currency translation reserve is used to record foreign currency exchange differences arising from the translationof the financial statements of foreign operations whose functional currencies are different from that of the Group’spresentation currency. It is also used to record the exchange differences arising from monetary items, which form part of theGroup’s net investment in foreign operations, where the monetary item is denominated in either the functional currency ofthe reporting entity or the foreign operation.33. RETAINED EARNINGSThe Company is under the single tier system and as a result, there is no restriction on the Company to frank the payment ofdividends out of its entire retained earnings as at the end of the reporting period.Annual Report 2012IOI CORPORATION BERHAD 195
NOTES TO THEFINANCIAL STATEMENTS34. BORROWINGSGroupCompany2012RM’0002011RM’0002012RM’0002011RM’000Non-current liabilitiesSecuredFinance lease obligation (Note 34.7) 473 452 – –Less: Portion due within 12 monthsincluded under short term borrowings (186) (134) – –287 318 – –UnsecuredTerm loans (Note 34.1) 4,297,403 3,387,100 1,906,275 2,106,990Less: Portion due within 12 monthsincluded under short term borrowings (499,340) (302,700) – (302,700)3,798,063 3,084,400 1,906,275 1,804,2903 rd Exchangeable Bonds (Note 34.3) – 12,847 – –Guaranteed Notes (Note 34.4) 1,593,852 1,508,884 – –Notes (Note 34.5) 1,899,511 – – –7,291,713 4,606,449 1,906,275 1,804,290Current liabilitiesSecuredFinance lease obligation (Note 34.7) 186 134 – –186 134 – –UnsecuredTrade financing (Note 34.6) 316,902 233,290 – –Term loans – portion due within 12 months (Note 34.1) 499,340 302,700 – 302,700816,242 535,990 – 302,7002 nd Exchangeable Bonds (Note 34.2) – 255,185 – –3 rd Exchangeable Bonds (Note 34.3) 13,537 – – –829,965 791,309 – 302,700Total borrowings 8,121,678 5,397,758 1,906,275 2,106,990196IOI 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 and 14:
GROUP FINANCIALOVERVIEWCASH FLOWFOR
Page 15 and 16:
GROUP PERFORMANCEHIGHLIGHTS2012RM
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
Page 65 and 66:
PROFILE OFDIRECTORSWhen others seet
Page 67 and 68:
Lee Cheng Leang was first appointed
Page 69 and 70:
Quah Poh Keat was first appointed t
Page 71 and 72:
SeniorManagement TeamGroup Chief Ex
Page 73 and 74:
GLOBALPRESENCECANADAONTARIOCANADAON
Page 75 and 76:
LOCATION OFOPERATIONS IN MALAYSIAPe
Page 77 and 78:
CORPORATECALENDARJULY 2011IOI Corpo
Page 79 and 80:
JANUARY 2012IOIP, through its subsi
Page 81 and 82:
MAY 2012IOI Oleochemical’s Penang
Page 83 and 84:
Audit and Risk ManagementCommittee
Page 85 and 86:
x. To review any related party tran
Page 87 and 88:
STATEMENT ONCORPORATE GOVERNANCEInt
Page 89 and 90:
Training and Development of Directo
Page 91 and 92:
Cheah Tek Kuang 2011 Forbes Global
Page 93 and 94:
SHAREHOLDERSDialogue Between the Co
Page 95 and 96:
STATEMENT ONINTERNAL CONTROLINTRODU
Page 97 and 98:
MONITORING• The Group’s policie
Page 99 and 100:
STATEMENT OF DIRECTORS’ INTERESTS
Page 101 and 102:
Notes:(1) Details of the transactin
Page 103 and 104:
DIRECTORS’REPORTThe Directors of
Page 105 and 106:
DIRECTORS’REPORTUSD600 Million Ze
Page 107 and 108:
DIRECTORS’REPORTExecutive Share O
Page 109 and 110:
DIRECTORS’REPORTDirectors’ Inte
Page 111 and 112:
DIRECTORS’REPORTSignificant Event
Page 113 and 114:
INCOMESTATEMENTSFor The Financial Y
Page 115 and 116:
STATEMENTS OFFINANCIAL POSITIONAs A
Page 117 and 118:
STATEMENTS OFCHANGES IN EQUITYFor T
Page 119 and 120:
STATEMENTS OFCHANGES IN EQUITYFor T
Page 121 and 122:
STATEMENTS OFCASH FLOWSFor The Fina
Page 123 and 124:
STATEMENTS OFCASH FLOWSFor The Fina
Page 125 and 126:
NOTES TO THEFINANCIAL STATEMENTS3.
Page 127 and 128:
Page 129 and 130:
Page 131 and 132:
Page 133 and 134:
Page 135 and 136:
Page 137 and 138:
Page 139 and 140:
Page 141 and 142:
Page 143 and 144:
Page 145 and 146: NOTES TO THEFINANCIAL STATEMENTS5.
Page 195: NOTES TO THEFINANCIAL STATEMENTS32.
Page 247 and 248:
Page 249 and 250:
Page 251 and 252:
Page 253 and 254:
Page 255 and 256:
Page 257 and 258:
Page 259 and 260:
Page 261 and 262:
Page 263 and 264:
Page 265 and 266:
Page 267 and 268:
Page 269 and 270:
Page 271 and 272:
INDEPENDENTAUDITORS’ REPORTTo The
Page 273 and 274:
GROUPPROPERTIESA. PLANTATIONS ESTAT
Page 275 and 276:
GROUPPROPERTIESB. DEVELOPMENT PROPE
Page 277 and 278:
GROUPPROPERTIESB. DEVELOPMENT PROPE
Page 279 and 280:
GROUPPROPERTIESC. INVESTMENT PROPER
Page 281 and 282:
GROUPPROPERTIESD. INDUSTRIAL PROPER
Page 283 and 284:
GROUPPROPERTIESE. OTHER PROPERTIES
Page 285 and 286:
NOTICE ofAnnual general MeetingAGEN
Page 287 and 288:
NOTICE ofAnnual general MeetingNote
Page 289 and 290:
SHAREHOLDERSINFORMATIONAs At 30 Aug
Page 291 and 292:
SHAREHOLDERSINFORMATIONAs At 30 Aug
Page 293:
1st fold heresTAMPThe Company Secre
show all

Annual Report 2012 - IOI Group

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?