FORGING AHEAD - Tradewinds Plantation Berhad

Recommendations

Info

50 PERFORMANCE REVIEW BuSINESS REvIEW By CHIEF EXECuTIvE OFFICER RIDING THE MOMENTUM The Group stands at the threshold of a new dynamism. Post the 2006 listing of the Company, the major accomplishments of the Group include: • In financial year 2010, Group revenue has almost tripled to RM909.1 million from RM361.1 million registered in 2006. • During the same period, profit before tax rose to RM282.4 million, a 20-fold increase from RM14.1 million previously. • Earnings per share grew to 29.63 sen from 3.49 sen in 2006. • The improvement in our financial performance is also reflected in the Company’s performance on Bursa Malaysia, which has risen from RM2.10 at year-end 2006 to close at RM3.39 at year-end 2010. TRADEWINDS PLANTATION BERHAD Annual Report 2010 • Progressive increase in our landbank to 141,465 hectares through strategic acquisitions. • From a single crop plantation in 2006, we have successfully diversified into rubber as the Group’s second plantation crop, with 4,164 hectares now planted with rubber. • Registered steady improvements in FFB yield, CPO production and extraction rates. All these demonstrate that we are a Group that is built on performance, achieving year-on-year improvements on both the financial and operational fronts. As we move forward, our fundamentals are strong and this is best reflected in the quality of our financial position. Even after factoring in capital expenditure incurred in recent strategic acquisitions, we have ensured that our gearing is kept at a very manageable level. The Group also has enough cash reser ves to finance any capital expenditure investments in the near future. The results we have achieved so far have propelled the Group into the ranks of one of the key players in the agriculture industry. It has also given our people a new-found confidence and they are now sharing their expertise in areas where the Group has unique knowledge and experience such as the development of oil palm plantations on peat, where TPB is one of the trailblazers. This was demonstrated last year when our staff presented papers at international conferences. Highlighting the Group’s experience in the “Best Agro-management Practices in Land Development”; “Rubber Cultivation: Issues and Challenges; Economics of Mechanisation – Estate Experiences”; and “Development of Oil Palm on Peat: A Socio-Economic Perspective”, - all three papers were well received by the international audience.
Our people must be considered among the Group’s greatest strengths. This is the same team that has taken the Group to where we are today. Riding on the momentum established, our people are all geared up and raring to go. The Group has come a long way but we have some distance yet to go to realise our full potential. I believe with the continued support and trust of our business associates, respective stakeholders and our Board of Directors, together with our team of committed colleagues, we will meet all set targets in due course. Chan Seng Fatt Chief Executive Officer PERFORMANCE REVIEW TRADEWINDS PLANTATION BERHAD Annual Report 2010 51
Page 1 and 2: Level 9, Menara HLA No. 3, Jalan Ki
Page 3: CORPORATE GOVERNANCE 56 Statement o
Page 6 and 7: 4 STATUTORY REPORTING NOTICE OF ANN
Page 8 and 9: NOTICE OF ANNUAL GENERAL MEETING AN
Page 10 and 11: 8 STATUTORY REPORTING STATEMENT ACC
Page 12 and 13: GROUP FINANCIAL HIGHLIGHTS 2010 200
Page 14: STRATEGIC INVESTMENTS We will remai
Page 18 and 19: 16 CORPORATE INFORMATION FINANCIAL
Page 20 and 21: 18 CORPORATE INFORMATION CORPORATE
Page 22 and 23: 20 CORPORATE INFORMATION BOARD OF D
Page 28 and 29: 26 CORPORATE INFORMATION TRADEWINDS
Page 30 and 31: 28 CORPORATE INFORMATION MANAGEMENT
Page 32 and 33: 30 CORPORATE INFORMATION GROUP CORP
Page 35: STRATEGIC DIVERSIFICATIONS Through
Page 38 and 39: 36 PERFORMANCE REVIEW CHAIRMAN’S
Page 46 and 47: 44 PERFORMANCE REVIEW BuSINESS REvI
Page 48 and 49: BuSINESS REvIEW By CHIEF EXECuTIvE
Page 50 and 51: 48 PERFORMANCE REVIEW BuSINESS REvI
Page 54: STRATEGIC EXPERTISE As our sights a
Page 58 and 59: 56 CORPORATE GOVERNANCE STATEMENT O
Page 64 and 65: DIRECTORS’ REMUNERATION The remun
Page 70 and 71: 68 CORPORATE GOVERNANCE AUDIT COMMI
Page 72 and 73: AUTHORITY The Audit Committee shall
Page 74 and 75: 72 CORPORATE GOVERNANCE ADDITIONAL
Page 76 and 77: 74 CORPORATE GOVERNANCE ADDITIONAL
Page 78: STRATEGIC INNOVATIONS We are commit
Page 82 and 83: 80 CORPORATE SOCIAL RESPONSIBILITY
Page 90: STRATEGIC REACH We are increasing t
Page 93 and 94: DIRECTORS’ REPORT The Directors h
Page 95 and 96: DIRECTORS’ BENEFITS Since the end
Page 97 and 98: SIGNIFICANT EVENTS DURING THE FINAN
Page 99 and 100: STATEMENT BY DIRECTORS In the opini
Page 101 and 102: REPORT ON OTHER LEGAL AND REGULATOR
Page 103 and 104:
LIABILITIES Non-current liabilities
Page 105 and 106:
Group Company 2010 2009 2010 2009 (
Page 107 and 108:
Equity Share Share component Retain
Page 109 and 110:
CASH FLOWS FROM INVESTING ACTIVITIE
Page 111 and 112:
NOTES TO THE FINANCIAL STATEMENTS 3
Page 113 and 114:
4. SIGNIFICANT ACCOUNTING POLICIES
Page 115 and 116:
Page 117 and 118:
Page 119 and 120:
Page 121 and 122:
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
Page 129 and 130:
Page 131 and 132:
Page 133 and 134:
5. ADOPTION OF NEW FRSs AND AMENDME
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:
6. SIGNIFICANT ACCOUNTING ESTIMATES
Page 151 and 152:
6. SIGNIFICANT ACCOUNTING ESTIMATES
Page 153 and 154:
7. PROPERTY, PLANT AND EQUIPMENT (c
Page 155 and 156:
Page 157 and 158:
Page 159 and 160:
Page 161 and 162:
9. INVESTMENTS IN SUBSIDIARIES (con
Page 163 and 164:
Page 165 and 166:
Page 167 and 168:
11. INVESTMENT IN A JOINTLY CONTROL
Page 169 and 170:
13. GOODWILL ON CONSOLIDATION At co
Page 171 and 172:
15. TRADE AND OTHER RECEIVABLES FIN
Page 173 and 174:
15. TRADE AND OTHER RECEIVABLES (co
Page 175 and 176:
17. NON-CURRENT ASSETS HELD FOR SAL
Page 177 and 178:
19. RESERVES (continued) (c) Supple
Page 179 and 180:
21. BORROWINGS Current liabilities
Page 181 and 182:
24. IRREDEEMABLE CONVERTIBLE UNSECU
Page 183 and 184:
25. ISLAMIC DEBT SECURITIES - SECUR
Page 185 and 186:
26. DEFERRED TAX (continued) Recogn
Page 187 and 188:
27. TRADE AND OTHER PAYABLES Trade
Page 189 and 190:
28. REVENUE Group Company 2010 2009
Page 191 and 192:
30. PROFIT BEFORE TAX (continued) A
Page 193 and 194:
32. EARNINGS PER ORDINARY SHARE ATT
Page 195 and 196:
34. ACQUISITION OF SUBSIDIARIES 201
Page 197 and 198:
34. ACQUISITION OF SUBSIDIARIES (co
Page 199 and 200:
35. OPERATING SEGMENTS (continued)
Page 201 and 202:
35. OPERATING SEGMENTS (continued)
Page 203 and 204:
36. FINANCIAL INSTRUMENTS (continue
Page 205 and 206:
36. FINANCIAL INSTRUMENTS (continue
Page 207 and 208:
37. FINANCIAL RISk MANAGEMENT OBJEC
Page 209 and 210:
Page 211 and 212:
Page 213 and 214:
38. RELATED PARTY DISCLOSURES (cont
Page 215 and 216:
38. RELATED PARTY DISCLOSURES (cont
Page 217 and 218:
42. SIGNIFICANT EVENTS SUBSEQUENT T
Page 219 and 220:
44. OPENING STATEMENT OF FINANCIAL
Page 221 and 222:
PLANTATION REvIEW OIL PALM 2010 200
Page 223 and 224:
mATERIAL PROPERTIES Of TRADEWINDS P
Page 225 and 226:
Company/ Location/Address HS(D) 389
Page 227 and 228:
Company/ Location/Address Country L
Page 229 and 230:
Company/ Location/Address Lot No. 0
Page 231 and 232:
ANALySIS Of SHAREHOLDINgS AS AT 25
Page 233 and 234:
LIST OF THIRTY (30) LARGEST SHAREHO
Page 235 and 236:
ANALySIS Of IRREDEEmABLE cONvERTIBL
Page 237 and 238:
SUBSTANTIAL ICULS HOLDER Name Direc
Page 239 and 240:
SOUTHERN PENINSULAR REGION Regional
Page 241 and 242:
MIRI REGION Regional Office c/o Lad
Page 243 and 244:
Proxy Form I / We _________________
show all

FORGING AHEAD - Tradewinds Plantation Berhad

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?