FORGING AHEAD - Tradewinds Plantation Berhad

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168 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2010 13. GOODWILL ON CONSOLIDATION (continued) (a) Key assumptions used in value in use calculations (continued) Based on these calculations, the Directors are of the view that no additional impairment loss is required during the financial year as the recoverable amount determined is higher than the carrying amounts of the CGUs. (b) Sensitivity to changes in assumptions The management believes that there is no reasonably possible change in the key assumptions on which management has based its determination of the CGU’s recoverable amount which would cause the CGU’s carrying amount to materially exceed its recoverable amount. 14. INVENTORIES TRADEWINDS PLANTATION BERHAD Annual Report 2010 Group 2010 2009 RM’000 RM’000 At cost Oil palm products 20,726 29,302 Consumables 11,443 12,047 Nurseries 7,868 15,541 Cattle 2,467 3,027 42,504 59,917 At net realisable value Cattle 767 694 43,271 60,611 The write-down of inventories to net realisable value amounted to RM209,000 (2009: RM173,000) and is included in the statements of comprehensive income.
15. TRADE AND OTHER RECEIVABLES FINANCIAL STATEMENTS Group Company 2010 2009 2010 2009 RM’000 RM’000 RM’000 RM’000 Trade receivables Third parties 101,884 68,367 - - Related parties 8,852 27,166 - - Related company 4,027 4,282 - - Subsidiary of the jointly controlled entity 2,228 873 - - 116,991 100,688 - - Other receivables, deposits and prepayments Amounts owing by subsidiaries - - 646,645 576,561 Amount owing by a related company 13 1 12 - Amount owing by a subsidiary of a jointly controlled entity 11,951 1,320 11,856 1,307 Amount owing by an associate - 893 - - Other receivables 5,821 6,808 159 348 Deposits 1,681 877 346 81 Prepayments 903 519 355 - 20,369 10,418 659,373 578,297 137,360 111,106 659,373 578,297 (a) The credit terms offered by the Group in respect of trade receivables range from 7 to 30 days (2009: 7 to 30 days) from date of invoice. (b) The amounts owing by related parties, a related company and a subsidiary of the jointly controlled entity in trade receivables are subject to normal trade terms. TRADEWINDS PLANTATION BERHAD Annual Report 2010 169
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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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Page 119 and 120: 4. SIGNIFICANT ACCOUNTING POLICIES
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Page 153 and 154: 7. PROPERTY, PLANT AND EQUIPMENT (c
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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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Page 187 and 188: 27. TRADE AND OTHER PAYABLES Trade
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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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