Annual Report 2012 - IOI Group

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Operating profit per mature hectare of oil palm decreased marginally to RM11,023 per hectare for thefinancial year under review as compared to RM11,075 per hectare for the previous financial year.Above: Buffaloes are used toassist estate workers incollecting FFB.For capital expenditure, the division spent a total of RM84.3 million for FY2012 as compared to RM83.2million for the previous financial year. The capital expenditure was primarily incurred on new planting, staffquarters, road, bridges and agricultural equipment. As for replanting expenditure, RM55.0 million wascharged out to the income statement for FY2012 compared to RM38.9 million for the previous financial year.For FY2012, we have replanted 5,000 hectares of oil palm with our own high yielding material which includesclonal palms. Going forward, we will replant 5,000 to 8,000 hectares per year. As for new planting activity inIndonesia, we have planted 8,772 hectares to-date and we target to plant about 8,000 hectares per year inthe next 3 years.OUTLOOK & PROSPECTSThe plantation division is expected to continue to face challenging times ahead especially on manpowerconstraints, pressure on increasing operating costs and extreme weather. In light of these challenges, the oilpalm industry is expected to perform well supported by resilient demand from the food sector, pricecompetitiveness over other edible oils, higher consumption in emerging markets and insufficient worldproduction of vegetable oils, partly due to climatic conditions.MATURE OIL PALM AREA/FFB PRODUCTIONACTUALPROJECTIONHA (’000) MT (’000)170160150140130120110100908070602008 2009 2010 2011 2012 2013 2014 2015YEAR4,5004,0003,5003,0002,5002,0001,500Mature HA (’000)FFB ProductionMT (’000)Annual Report 2012IOI CORPORATION BERHAD 31
esource-based manufacturingThe success of our resource-based manufacturing division complementsour palm oil business. Leading the way in refining of palm oil,manufacturing of oleochemicals, specialty oils and fats; our state-of-the-artmanufacturing facilities in Malaysia, the Netherlands, USA and Canadaensure a steady stream of innovative and value-added products areintroduced to boost the growth in our global palm oil business.
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: OPERATIONS REVIEWFor the financial
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
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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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