Annual Report 2012 - IOI Group

More documents

Recommendations

Info

46. LIST OF SUBSIDIARIES, ASSOCIATES AND JOINTLY CONTROLLED ENTITIES (Continued)Effective GroupInterestName of Company 2012 2011 Principal ActivitiesIndirect Subsidiaries (Continued)Non-Segment (Continued)Subsidiaries of Palmco International (HK) LimitedPalmco Engineering Limited *(Incorporated in Hong Kong)Acidchem (Singapore) Pte Ltd *(Incorporated in Singapore)100.0% 100.0% Investment holding100.0% 100.0% DormantSubsidiary of Palmco Engineering LimitedTianjin Palmco Oil And Fats Co. Ltd *(Incorporated in the People’s Republic of China)100.0% 100.0% DormantSubsidiary of Kayangan Heights Sdn BhdCommon Portfolio Sdn Bhd 60.0% 60.0% Management servicesSubsidiaries of Swee Lam Estates (Malaya) Sdn BhdSwee Lam Development Sdn Bhd 100.0% 100.0% DormantSwee Lam Properties Sdn Bhd 100.0% 100.0% Dormant* Subsidiaries not audited by BDO.# Subsidiaries audited by member firms of BDO International.@ These subsidiaries ceased operations with effect from December 2009 following the completion of the restructuring exercise within theplantation division, which involved intra-group sales and purchases of land and plantation development expenditure in their presentcondition at market values.Annual Report 2012IOI CORPORATION BERHAD 265
NOTES TO THEFINANCIAL STATEMENTS46. LIST OF SUBSIDIARIES, ASSOCIATES AND JOINTLY CONTROLLED ENTITIES (Continued)Effective GroupInterestName of Company 2012 2011 Principal ActivitiesAssociatesPerumahan Abadi Sdn Bhd (dissolved) – 25.0% DormantReka Halus Sdn Bhd 30.0% 30.0% Cultivation of oil palm and processing of palm oilAssociate of IOI Properties BerhadContinental Estates Sdn Bhd 24.0% 24.0% Property development and cultivation of oil palmAssociates of IOI Oleochemical Industries BerhadFatty Chemical (Malaysia) Sdn Bhd 30.0% 30.0% Manufacturing of fatty alcohol and methyl estersKao Plasticizer (Malaysia) Sdn Bhd 30.0% 30.0% Manufacturing of plasticizer and other chemicalproductsPeter Greven Asia Sdn Bhd 40.0% 40.0% Manufacturing of metallic stearatesAssociate of Palmex Industries Sdn BerhadMalaysia Pakistan Venture Sdn Bhd 25.0% 25.0% Investment holdingAsssociates of Lynwood Capital Resources Pte Ltdand Oakridge Investments Pte LtdBumitama Agri Ltd ^(Incorporated in Singapore)PT Bumitama Gunajaya Agro ^(Incorporated in Republic of Indonesia)30.8% – Investment holding– 33.0% Cultivation of oil palm, processing of palm oil andinvestment holding^The Group’s effective interest in PT Bumitama Gunajaya Agro in the previous year is now held via Bumitama Agri Ltd pursuant to arestructuring and listing exercise, which resulted in Bumitama Agri Ltd being listed on the Singapore Stock Exchange Limited.Jointly Controlled EntitiesJointly controlled entity of IOI Properties BerhadSime Darby Brunsfield Darby Hills Sdn Bhd 49.9% – Property developmentJointly controlled entity of IOI Land SingaporePte LtdSeaview (Sentosa) Pte Ltd(Incorporated in Singapore)49.9% 49.9% Property developmentJointly controlled entity of IOI Properties(Singapore) Pte LtdPinnacle (Sentosa) Pte Ltd(Incorporated in Singapore)64.9% 64.9% Property development266IOI 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:
Page 147 and 148:
Page 149 and 150:
Page 151 and 152:
Page 153 and 154:
Page 155 and 156:
Page 157 and 158:
Page 159 and 160:
Page 161 and 162:
Page 163 and 164:
Page 165 and 166:
Page 167 and 168:
Page 169 and 170:
Page 171 and 172:
Page 173 and 174:
Page 175 and 176:
Page 177 and 178:
Page 179 and 180:
Page 181 and 182:
Page 183 and 184:
Page 185 and 186:
Page 187 and 188:
Page 189 and 190:
Page 191 and 192:
Page 193 and 194:
Page 195 and 196:
Page 197 and 198:
Page 199 and 200:
Page 201 and 202:
Page 203 and 204:
Page 205 and 206:
Page 207 and 208:
Page 209 and 210:
Page 211 and 212:
Page 213 and 214:
Page 215 and 216: NOTES TO THEFINANCIAL STATEMENTS42.
Page 265: NOTES TO THEFINANCIAL STATEMENTS46.
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?