Eng - IOI Group

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chairman’sstatement cont’dOTHER CORPORATE DEVELOPMENT AND GROWTH STRATEGIES cont’dNevertheless, I am very positive that it will be much better positioned than before for its traditional business. LodersCroklaan, with its cutting edge oils and fats expertise and market standing is also playing a lead role in developing newapplications and new markets for palm oil.All the above acquisitions have or will add significantly to the income generating capacities of the Group and willprovide the basis for continuous growth in coming years.HUMAN RESOURCE MANAGEMENTIn tandem with the Group’s focus on increasing its business efficiencies and human capital effectiveness, humanresource training and development continued to receive prime attention and emphasis during FY 2003.The training and development programmes conducted were multi-faceted, competency-based and cut across variousoperating departments within the Group. Key areas such as customer service training, product and selling skillsreinforcement, basic estate management/practices and agronomic-related courses were ran in-house as and whererelevant to both old and new staff.The Property Quality Management series continued into its second year of running and the Property Division was indeedproud to have had achieved the prestigious MS ISO 9001:2000 Award in its maiden attempt in 2003.The Plantation Cadetship Programme continued to attract able and willing young graduates who wish to develop a longterm challenging vocation in estate management and operations with the IOI Group. The IOI Research Centre in BatangMelaka again served as the training ground to inculcate the various aspects of plantation management to these aspiringyoung planters, infusing classroom lectures with real-life examples and practices in the fields.Core operating processes and procedures continued to be reviewed, revised and realigned to further enhance the overallyield, performance standards and future growth of the Group’s businesses. No effort was spared to ensure that themanagement and staff worked as a coordinated and purpose-driven team in achieving the Group’s targets and objectivesas set out in its Vision IOI.IOI Corporation BerhadAnnual Report 200310
SOCIAL CONTRIBUTIONSAs a responsible corporate citizen, the Group continued to fund and support many worthy charitable causes andinstitutions that foster the Malaysian ideals of a caring and sharing society. Through the scholarships and educationalgrants extended by the Yayasan Tan Sri Dato’ Lee Shin Cheng Foundation, bright young students especially those who arefrom estate family background, get to fulfil their aspirations of excelling in their tertiary studies even to the postgraduatelevel. Young school achievers who excelled in their secondary and primary public examinations were also givenmonetary awards to encourage them to continue to study hard and excel in their academic pursuits, thereby creating acritical base for new knowledge workers and experts for Malaysia’s continued advancement.The Company-sponsored Kelab Keluarga IOI has had a most eventful and active year in 2003, providing many avenues forcloser interaction and socialisation among the Group’s employees and their families away from the workplace. Such funfilledsports and family activities helped to foster strong team spirit among the Group’s employees besides cultivatingintra-group solidarity and cohesiveness between different operating units.11IOI Corporation BerhadAnnual Report 2003
Page 1: www.ioigroup.comIOI Corporation Ber
Page 5 and 6: OPERATING BACKGROUNDThe Malaysian e
Page 7 and 8: FINANCIAL OVERVIEW cont’dGroup’
Page 9 and 10: REVIEW OF RESULTS cont’dEBIT cont
Page 11: OTHER CORPORATE DEVELOPMENT AND GRO
Page 15: ACKNOWLEDGEMENTOn behalf of the Boa
Page 18 and 19: noticeofannualgeneralmeetingNOTICE
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Page 25 and 26: oostingjobfulfilment“When it come
Page 27 and 28: oardofdirectorsTan Sri Dato’ Lee
Page 29 and 30: Dato’ Lee Yeow ChorExecutive Dire
Page 31 and 32: Datuk Khalid b Hj HusinIndependent
Page 34 and 35: groupfinancialoverviewBalance Sheet
Page 36 and 37: groupperformancehighlightsIOI Corpo
Page 38 and 39: five-yearfinancialhighlightsIn RM
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Page 43 and 44: HIGHLIGHTS cont’d• Net operatin
Page 45 and 46: ECONOMIC PROFIT AND RETURNS cont’
Page 47 and 48: RISK MANAGEMENTThe Group has in pla
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Page 51 and 52: management’sdiscussionandanalysis
Page 53 and 54: Area Statement (In Hectares)Year en
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management’sdiscussionandanalysis
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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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management’sdiscussionandanalysis
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OPERATIONSThe Group’s palm oil re
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PROSPECTSThe oleochemical sub-segme
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4 Duties and ResponsibilitiesIn ful
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ACTIVITIES cont’dviiReview of the
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Roles and Principal Duties cont’d
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Board Composition and Balance cont
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Re-electionIn accordance with the C
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Directors’ Remuneration cont’d1
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Financial Reporting cont’dIn addi
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NATURE OF OUR INTERNAL CONTROLS CON
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otherinformationCOMPOSITION OF SHAR
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Type of Recurrent Interested Direct
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Type of Recurrent Interested Direct
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27 Tan Sri Dato’ Lee Shin Cheng i
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groupbusinessstructurePlantationPla
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EuropeNetherlands : Wormerveer and
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■ Plantation1 Bukit Dinding Estat
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• The exercise price of Warrants
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MARCH 2003• IOI achieved a 5th pl
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socialcontributions• In conjuncti
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• IOI contributed RM100,000 for t
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directors’reportThe Directors of
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directors’report cont’dWARRANTS
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directors’report cont’dEXECUTIV
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directors’report cont’dRESERVES
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directors’report cont’dDIRECTOR
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directors’report cont’dSTATUTOR
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directors’report cont’dSIGNIFIC
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incomestatements for the financial
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statementsofchangesinequity for the
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statementsofchangesinequity for the
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cashflowstatements for the financia
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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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