Eng - IOI Group

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directors’report cont’dDIRECTORS’ INTERESTS cont’dIndirect InterestsAs at Disposed/ As at01.07.2002 Acquired Exercised 30.06.2003The CompanyNo. of ordinary shares of RM0.50 eachTan Sri Dato’ Lee Shin Cheng 265,613,519 105,915,510 60,000 371,469,029Dato’ Lee Yeow Chor 245,028,139 98,715,510 - 343,743,649Chan Fong Ann 27,804,000 5,981,500 - 33,785,500No. of Warrants 1995/2003Tan Sri Dato’ Lee Shin Cheng 98,010,410 - 98,010,410 -Dato’ Lee Yeow Chor 90,810,410 - 90,810,410 -Chan Fong Ann 5,981,500 - 5,981,500 -SubsidiaryIOI Properties BerhadNo. of ordinary shares of RM1.00 eachTan Sri Dato’ Lee Shin Cheng 3,079,400 - - 3,079,400Dato’ Lee Yeow Chor 3,079,400 - - 3,079,400The movements of the options over unissued shares of the Company granted under the Executive Share Option Schemeto the Directors in office at the end of the financial year are as follows:No. of Share OptionsAs at Offered and As atDirector Option Price 01.07.2002 Accepted Exercised 30.06.2003IOI Corporation BerhadAnnual Report 2003122Tan Sri Dato’ Lee Shin Cheng RM2.80/RM2.71 * 500,000 - - 500,000Tan Sri Dato’ Lee Shin Cheng RM5.20 - 1,500,000 - 1,500,000Dato’ Lee Yeow Chor RM2.70/RM2.61 * 220,000 - - 220,000Dato’ Lee Yeow Chor RM3.90/RM3.77 * 80,000 - - 80,000Dato’ Lee Yeow Chor RM5.20 - 1,000,000 - 1,000,000Dato’ Yeo How RM2.80/RM2.71 * 190,000 - 190,000 -Dato’ Yeo How RM5.20 - 1,000,000 - 1,000,000Lee Cheng Leang RM5.20 - 700,000 - 700,000* With effect from 16 October 2002
DIRECTORS’ INTERESTS cont’dBy virtue of their interests in the shares of the Company, Tan Sri Dato’ Lee Shin Cheng and Dato’ Lee Yeow Chor are alsodeemed to be interested in the shares of all the subsidiaries of the Company to the extent the Company has an interest.None of the other Directors in office at the end of the financial year held any interest in shares and warrants of theCompany or its related corporations.DIRECTORS’ BENEFITSDuring and at the end of the financial year, no arrangement subsisted to which the Company is a party, with the objector objects of enabling Directors of the Company to acquire benefits by means of the acquisition of shares in ordebentures of the Company or any other body corporate, except for the share options granted to Directors of theCompany pursuant to the Company’s Executive Share Option Scheme.Since the end of the previous financial year, none of the Directors of the Company has received or become entitled toreceive any benefit (other than the benefits as disclosed in Note 6 to the financial statements) by reason of a contractmade by the Company or by a related corporation with a Director, or with a firm of which the Director is a member, orwith a company in which the Director has a substantial financial interest except for any benefits which may be deemedto have arisen by virtue of the significant related party transactions as disclosed in Note 37 to the financial statements.STATUTORY INFORMATION ON THE FINANCIAL STATEMENTSBefore the income statements and balance sheets of the Group and of the Company were made out, the Directors tookreasonable steps:ito ascertain that proper action had been taken in relation to the writing off of bad debts and the making ofallowance for doubtful debts, and have satisfied themselves that all known bad debts had been written off and thatadequate allowance had been made for doubtful debts; andiito ensure that any current assets, other than debts, which were unlikely to realise their book values in the ordinarycourse of business of the Group and of the Company have been written down to an amount which they might beexpected so to realise.123IOI 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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OUTLOOK AND PROSPECTSPrices of edib
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OPERATIONS cont’dIn line with the
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RESULTS cont’dThe Group’s overa
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ValKepongKLCCKualaLumpurKL SentralP
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Page 73 and 74: OPERATIONSThe Group’s palm oil re
Page 75 and 76: PROSPECTSThe oleochemical sub-segme
Page 77 and 78: 4 Duties and ResponsibilitiesIn ful
Page 79 and 80: ACTIVITIES cont’dviiReview of the
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Page 83 and 84: Board Composition and Balance cont
Page 85 and 86: Re-electionIn accordance with the C
Page 87 and 88: Directors’ Remuneration cont’d1
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
Page 107 and 108: • The exercise price of Warrants
Page 109 and 110: MARCH 2003• IOI achieved a 5th pl
Page 111 and 112: socialcontributions• In conjuncti
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Page 116 and 117: directors’reportThe Directors of
Page 118 and 119: directors’report cont’dWARRANTS
Page 120 and 121: directors’report cont’dEXECUTIV
Page 122 and 123: directors’report cont’dRESERVES
Page 126 and 127: directors’report cont’dSTATUTOR
Page 128 and 129: directors’report cont’dSIGNIFIC
Page 130 and 131: incomestatements for the financial
Page 132 and 133: statementsofchangesinequity for the
Page 134 and 135: statementsofchangesinequity for the
Page 136 and 137: cashflowstatements for the financia
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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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