FORGING AHEAD - Tradewinds Plantation Berhad

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196 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2010 35. OPERATING SEGMENTS The Group’s operations primarily comprise cultivation of oil palm and rubber trees, processing of palm oil and provision of plantation management and advisory services (‘Plantation Business’) and property development. In the previous financial year, no segmental information had been prepared as the results from property development activities were not significant and therefore the results of the Group for the previous financial year were derived predominantly from the Plantation Business. Following the adoption of FRS 8 – Operating Segments, the Group has arrived at three reportable segments that are organised and managed separately according to the nature of the products and services, specific expertise and technologies requirements, which requires different business and marketing strategies. The reportable segments are summarised as follows: (i) Plantation Cultivation of oil palm and rubber trees, processing of palm oil and provision of plantation management and advisory services. (ii) Property development Development of residential and commercial properties. (iii) Investment holding Group-level corporate services, treasury functions and investing activities. Other non-reportable segment comprises dormant subsidiaries and subsidiaries which have ceased business operations. The Group evaluates performance on the basis of profit or loss from operations before tax not including non-recurring losses, such as restructuring costs. Transfer prices between operating segments are on an arm’s length basis in a manner similar to transactions with third parties. Segment assets exclude tax assets and segment liabilities exclude tax liabilities. TRADEWINDS PLANTATION BERHAD Annual Report 2010
35. OPERATING SEGMENTS (continued) FINANCIAL STATEMENTS Investment Property Holding/ Plantation Development Others Elimination Consolidated RM’000 RM’000 RM’000 RM’000 RM’000 2010 Revenue Revenue from external customers 907,205 1,921 - - 909,126 Inter-segment revenue - - 57,446 (57,446) - Total revenue 907,205 1,921 57,446 (57,446) 909,126 Segment results 297,227 458 32,693 - 330,378 Share of results of a jointly controlled entity 1,266 - - - 1,266 298,493 458 32,693 - 331,644 Less: Inter-segment dividend income (49,236) Profit before tax 282,408 Assets Segment assets 2,793,569 87,412 97,415 - 2,978,396 Investment in a jointly controlled entity 13,489 - - - 13,489 2,807,058 87,412 97,415 - 2,991,885 Tax assets 23,294 Total assets 3,015,179 Liabilities Segment liabilities 470,624 3,113 552,634 - 1,026,371 Tax liabilities 344,569 Total liabilities 1,370,940 TRADEWINDS PLANTATION BERHAD Annual Report 2010 197
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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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GROUP FINANCIAL HIGHLIGHTS 2010 200
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STRATEGIC INVESTMENTS We will remai
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26 CORPORATE INFORMATION TRADEWINDS
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30 CORPORATE INFORMATION GROUP CORP
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80 CORPORATE SOCIAL RESPONSIBILITY
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STRATEGIC REACH We are increasing t
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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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Page 221 and 222: PLANTATION REvIEW OIL PALM 2010 200
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FORGING AHEAD - Tradewinds Plantation Berhad

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