Eng - IOI Group

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corporatecalendar cont’dJANUARY 2003• Palmco acquired the entire issued and paid-up share capital of Unipamol Malaysia Sdn Bhd and 49.99% of issued andpaid-up share capital of Pamol Plantations Sdn Bhd from the wholly owned subsidiaries of Unilever plc for RM580million cash. The acquisition increased its plantation holdings from 6,170 ha to 29,215 ha and provided a greaterdegree of strategic hedge to the group’s earnings volatility.• IOI was rated by investors among the cream of public-listed companies operating in Malaysia during 2002 inAsiamoney’s 11th Best Managed Companies of Asia Poll. Under Overall Best Managed Company category for Malaysia,IOI was voted 3rd place. It also scored favourably within the top 5 rungs viz:- Overall Best Investor Relations - 3rd- Best Corporate Strategy - 2nd- Best Operational Efficiency - 3rd- Best Access to Senior Management - 2nd- Best Treatment of Minority Shareholders - 2nd- Best Communications with Shareholders/Investors - 5th• IOIPB achieved MS ISO 9001:2000 accreditation from SIRIM whereby IOIPB’s Quality Management System meetsSIRIM’s stringent requirements in ensuring compliance with policies and procedures established for its propertydevelopment, implementation and delivery systems.IOI Corporation BerhadAnnual Report 2003106
MARCH 2003• IOI achieved a 5th placing from a total of 144 companies that were surveyed by CFO Asia, an Asian-based financialmagazine. IOI and IOIPB were adjudged the Overall Winners under the category for Financial Highlights.• IOI entered into several conditional sales and purchase agreements with several vendors to acquire the entire equityinterest in the following companies for a total consideration of RM608 million:- B.A. Plantations Sdn Bhd- Mayvin (Sabah) Sdn Bhd- Pine Capital Sdn Bhd- Right Purpose Sdn Bhd- Mayvin Incorporated Sdn Bhd• IOI Edible Oils launched its “Safety and Cleanliness Campaign 2003”. Numerous activities in line with the safety,cleanliness and health theme were carried out such as safety talk on personal protection equipment, chemicalhandling and safe driving; talks by the Director of Jabatan Pengangkutan Jalan and IOI Safety Officer to heightenawareness of IEO’s rules of product safety and security checks; cleanliness programmes such as gotong royong and 5Scleanliness competition, blood donation and many more.107IOI Corporation BerhadAnnual Report 2003
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www.ioigroup.comIOI Corporation Ber
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OPERATING BACKGROUNDThe Malaysian e
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FINANCIAL OVERVIEW cont’dGroup’
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REVIEW OF RESULTS cont’dEBIT cont
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OTHER CORPORATE DEVELOPMENT AND GRO
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SOCIAL CONTRIBUTIONSAs a responsibl
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ACKNOWLEDGEMENTOn behalf of the Boa
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noticeofannualgeneralmeetingNOTICE
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noticeofannualgeneralmeeting cont
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noticeofannualgeneralmeeting cont
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oostingjobfulfilment“When it come
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oardofdirectorsTan Sri Dato’ Lee
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Dato’ Lee Yeow ChorExecutive Dire
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Datuk Khalid b Hj HusinIndependent
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groupfinancialoverviewBalance Sheet
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groupperformancehighlightsIOI Corpo
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five-yearfinancialhighlightsIn RM
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oostingsocialcommitment“As a cari
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HIGHLIGHTS cont’d• Net operatin
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ECONOMIC PROFIT AND RETURNS cont’
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RISK MANAGEMENTThe Group has in pla
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Financial Risk Management cont’d
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management’sdiscussionandanalysis
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Area Statement (In Hectares)Year en
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OPERATIONS cont’dAlthough oil yie
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Page 65 and 66: OPERATIONS cont’dIn line with the
Page 67 and 68: RESULTS cont’dThe Group’s overa
Page 69 and 70: ValKepongKLCCKualaLumpurKL SentralP
Page 73 and 74: OPERATIONSThe Group’s palm oil re
Page 75 and 76: PROSPECTSThe oleochemical sub-segme
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Page 79 and 80: ACTIVITIES cont’dviiReview of the
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Page 85 and 86: Re-electionIn accordance with the C
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Page 89 and 90: Financial Reporting cont’dIn addi
Page 91 and 92: NATURE OF OUR INTERNAL CONTROLS CON
Page 93 and 94: otherinformationCOMPOSITION OF SHAR
Page 95 and 96: Type of Recurrent Interested Direct
Page 97 and 98: Type of Recurrent Interested Direct
Page 99 and 100: 27 Tan Sri Dato’ Lee Shin Cheng i
Page 101 and 102: groupbusinessstructurePlantationPla
Page 103 and 104: EuropeNetherlands : Wormerveer and
Page 105 and 106: ■ Plantation1 Bukit Dinding Estat
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eportoftheauditors to the members o
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groupproperties cont’dAPLANTATION
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groupproperties cont’dBDEVELOPMEN
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groupproperties cont’dDINDUSTRIAL
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groupproperties cont’dEOTHER PROP
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LIST OF TOP 30 SHAREHOLDERS cont’
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fold hereIOI Corporation BerhadNo.
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Eng - IOI Group

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