Eng - IOI Group

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notestothefinancialstatements cont’d36 CASH AND CASH EQUIVALENTSCash and cash equivalents at end of financial year comprise:In RM’000GroupCompany2003 2002 2003 2002Short term funds 44,649 61,641 - -Deposits with financial institutions 218,659 216,632 41,382 1,137Cash and bank balances 236,524 201,853 324 489Bank overdrafts (12,148) (27,600) (875) (11,162)487,684 452,526 40,831 (9,536)Less: Deposits with financial institutions (pledged) (1,000) (1,000) (1,000) (1,000)Cash and cash equivalents 486,684 451,526 39,831 (10,536)The Group has undrawn borrowing facilities of RM634,893,000 (2002 - RM581,420,000) at end of the financial year.37 SIGNIFICANT RELATED PARTY DISCLOSURESIdentity of Related PartiesabThe Company has a controlling related party relationship with its direct and indirect subsidiaries as disclosedin the financial statements.The Group also has related party relationships with the Company’s largest corporate shareholder, itsassociates, certain directors and key management personnel of the Company and its subsidiaries andassociates and the close family members of these directors and key personnel. The related parties are asfollows:Corporate shareholder of the CompanyProgressive Holdings Sdn Bhd and its related companiesAssociatesIOI Corporation BerhadAnnual Report 2003198Continental Estates Sdn BhdReka Halus Sdn BhdPerumahan Abadi Sdn BhdFatty Chemical (Malaysia) Sdn Bhd *Koa Plasticizer (Malaysia) Sdn Bhd *Malaysia Pakistan Venture Sdn Bhd ** Associates of Palmco Holdings Berhad
37 SIGNIFICANT RELATED PARTY DISCLOSURES cont’dIdentity of Related Parties cont’dDirectors and key management personnelTan Sri Dato’ Lee Shin ChengDato’ Lee Yeow ChorDato’ Yeo HowLee Cheng LeangDato’ Foong Hong Meng @ Foong Lai ChoongLai Ming Chun @ Lai Poh LinDavid Tan Thean ThyeTee Kok TongBarry Kheng Cheok TanAffiliatesMayvin Incorporated Sdn Bhd - a company in which Tan Sri Dato’ Lee Shin Cheng andLai Ming Chun @ Lai Poh Lin have substantial shareholdingsB.A. Plantations Sdn Bhd - a company in which Tan Sri Dato’ Lee Shin Cheng and Dato’Lee Yeow Chor have substantial shareholdingsPine Capital Sdn Bhd - a company in which Tan Sri Dato’ Lee Shin Cheng,Dato’ Lee Yeow Chor and Lai Ming Chun @ Lai Poh Linhave substantial shareholdingsRight Purpose Sdn Bhd - a company in which Lai Ming Chun @ Lai Poh Lin hassubstantial shareholdingsMalayapine Estates Sdn Bhd - a company in which Tan Sri Dato’ Lee Shin Cheng andDato’ Lee Yeow Chor have substantial shareholdings199IOI 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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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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notestothefinancialstatements cont
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Page 230 and 231: eportoftheauditors to the members o
Page 232 and 233: groupproperties cont’dAPLANTATION
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Page 236 and 237: groupproperties cont’dDINDUSTRIAL
Page 238 and 239: groupproperties cont’dEOTHER PROP
Page 240 and 241: LIST OF TOP 30 SHAREHOLDERS cont’
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Eng - IOI Group

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