FORGING AHEAD - Tradewinds Plantation Berhad

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166 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2010 12. OTHER INVESTMENTS Group RM’000 2010 Non-current At fair value: Available-for-sale financial assets Quoted shares in Malaysia 1,032 Unquoted shares in Malaysia 868 Group RM’000 2009 Non-current At cost: Quoted shares in Malaysia 2,312 Unquoted shares in Malaysia 486 TRADEWINDS PLANTATION BERHAD Annual Report 2010 1,900 2,798 Less: Impairment loss - Quoted shares (1,630) - Unquoted shares (243) (1,873) Market value of quoted shares in Malaysia 683 (a) The comparative figures have not been presented based on the new categorisation of financial assets resulting from the adoption of FRS 139 by virtue of the exemption given in FRS 7.44AA. (b) Information on the fair value hierarchy is disclosed in Note 36(d). 925
13. GOODWILL ON CONSOLIDATION At cost Group 2010 2009 RM’000 RM’000 Balance as at 1 January/31 December 26,848 26,848 Accumulated impairment loss Balance as at 1 January/31 December (1,294) (1,294) Carrying amount 25,554 25,554 Goodwill on consolidation arises mainly from the plantation segment of the Group. For the purpose of impairment testing, the recoverable amount of a Cash Generating Unit (‘CGU’) is based on its value in use determined by discounting the pre-tax cash flows based on financial projections approved by management covering up to 25 years which represents the full life cycle period of the oil palms. (a) Key assumptions used in value in use calculations The key assumptions on which management has based its cash flow projections to undertake impairment testing of goodwill are: (i) Discount rate of 5.00% representing the pre-tax cost of debt of the Group as at 31 December 2010. (ii) Fresh fruit bunches yield ranging from 8 to 28 MT/hectare obtained from the Malaysian Palm Oil Board published average yield applicable to the age of the respective estates and also based on management’s best estimates on the estate’s performance after taking into account existing achievements. (iii) Crude palm oil prices ranging from RM2,500 to RM2,700 per metric tonne and palm kernel prices ranging from RM1,500 to RM1,625 per metric tonne. (iv) Oil extraction rate ranging from 21.00% to 21.65% and kernel extraction rate ranging from 5.00% to 5.60% based on management’s best estimates after taking into account the age of the respective estates and existing achievements. (v) Average increase in plantation maintenance expenses of 1% to 3% per hectare. FINANCIAL STATEMENTS TRADEWINDS PLANTATION BERHAD Annual Report 2010 167
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Level 9, Menara HLA No. 3, Jalan Ki
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CORPORATE GOVERNANCE 56 Statement o
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4 STATUTORY REPORTING NOTICE OF ANN
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NOTICE OF ANNUAL GENERAL MEETING AN
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8 STATUTORY REPORTING STATEMENT ACC
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GROUP FINANCIAL HIGHLIGHTS 2010 200
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STRATEGIC INVESTMENTS We will remai
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16 CORPORATE INFORMATION FINANCIAL
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18 CORPORATE INFORMATION CORPORATE
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20 CORPORATE INFORMATION BOARD OF D
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26 CORPORATE INFORMATION TRADEWINDS
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28 CORPORATE INFORMATION MANAGEMENT
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30 CORPORATE INFORMATION GROUP CORP
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STRATEGIC DIVERSIFICATIONS Through
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36 PERFORMANCE REVIEW CHAIRMAN’S
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44 PERFORMANCE REVIEW BuSINESS REvI
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BuSINESS REvIEW By CHIEF EXECuTIvE
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STRATEGIC EXPERTISE As our sights a
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56 CORPORATE GOVERNANCE STATEMENT O
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DIRECTORS’ REMUNERATION The remun
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68 CORPORATE GOVERNANCE AUDIT COMMI
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AUTHORITY The Audit Committee shall
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72 CORPORATE GOVERNANCE ADDITIONAL
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74 CORPORATE GOVERNANCE ADDITIONAL
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STRATEGIC INNOVATIONS We are commit
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80 CORPORATE SOCIAL RESPONSIBILITY
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STRATEGIC REACH We are increasing t
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DIRECTORS’ REPORT The Directors h
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DIRECTORS’ BENEFITS Since the end
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SIGNIFICANT EVENTS DURING THE FINAN
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STATEMENT BY DIRECTORS In the opini
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REPORT ON OTHER LEGAL AND REGULATOR
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LIABILITIES Non-current liabilities
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Group Company 2010 2009 2010 2009 (
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Equity Share Share component Retain
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CASH FLOWS FROM INVESTING ACTIVITIE
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NOTES TO THE FINANCIAL STATEMENTS 3
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4. SIGNIFICANT ACCOUNTING POLICIES
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4. SIGNIFICANT ACCOUNTING POLICIES
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Page 175 and 176: 17. NON-CURRENT ASSETS HELD FOR SAL
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Page 179 and 180: 21. BORROWINGS Current liabilities
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44. OPENING STATEMENT OF FINANCIAL
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PLANTATION REvIEW OIL PALM 2010 200
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mATERIAL PROPERTIES Of TRADEWINDS P
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Company/ Location/Address HS(D) 389
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Company/ Location/Address Country L
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Company/ Location/Address Lot No. 0
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ANALySIS Of SHAREHOLDINgS AS AT 25
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LIST OF THIRTY (30) LARGEST SHAREHO
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ANALySIS Of IRREDEEmABLE cONvERTIBL
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SUBSTANTIAL ICULS HOLDER Name Direc
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SOUTHERN PENINSULAR REGION Regional
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MIRI REGION Regional Office c/o Lad
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Proxy Form I / We _________________
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FORGING AHEAD - Tradewinds Plantation Berhad

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