Eng - IOI Group

five-yearfinancialhighlightsIn RM’0002003 2002 2001 2000 1999RESULTSRevenue 3,907,871 2,410,500 1,291,578 1,306,685 1,411,917Profit before taxation 812,626 569,311 456,744 501,647 462,190Taxation (161,093) (115,537) (99,005) (121,654) 216Profit after taxation 651,533 453,774 357,739 379,993 462,406Minority interests (149,481) (107,273) (71,070) (76,960) (82,744)Net profit attributable to shareholders 502,052 346,501 286,669 303,033 379,662GROUP ASSETSProperty, plant and equipment 3,817,976 2,665,410 2,116,561 1,953,434 1,836,892Associates 231,379 258,463 409,271 587,786 590,879Investment properties 534,243 522,456 489,519 380,940 361,882Other long term investments 31,363 18,191 33,276 27,501 15,353Land held for development 650,029 660,074 524,333 512,283 604,355Other assets 450,783 208,939 117,931 71,354 73,163Current assets 1,870,261 1,265,735 1,006,213 827,907 603,578Total assets 7,586,034 5,599,268 4,697,104 4,361,205 4,086,102Current liabilities (896,442) (1,133,531) (901,600) (903,693) (798,496)6,689,592 4,465,737 3,795,504 3,457,512 3,287,606FINANCED BYShare capital 540,400 447,988 425,026 423,943 422,468Reserves 2,989,792 2,443,931 2,069,948 1,830,147 1,601,286Shareholders’ equity 3,530,192 2,891,919 2,494,974 2,254,090 2,023,754Minority interests 1,195,425 928,336 661,013 569,973 471,283Deferred income - - - 207,603 237,261Long term liabilities 1,634,094 433,251 507,357 394,628 532,236Deferred taxation 329,881 212,231 132,160 31,218 23,0726,689,592 4,465,737 3,795,504 3,457,512 3,287,606Net operating profit after tax ("NOPAT") 721,885 496,153 398,357 417,220 540,732Average shareholders’ equity 3,211,056 2,693,447 2,374,532 2,138,922 1,843,189Average capital employed 1 6,099,908 4,766,606 4,086,729 3,664,313 3,374,859IOI Corporation BerhadAnnual Report 200336FINANCIAL STATISTICSBasic earnings per share (sen) 53.24 40.69 34.09 35.96 44.97Gross dividend per share (sen) 20.0 15.0 12.5 10.0 6.0Net tangible assets per share (sen) 302 312 284 257 229Return on average equity (%) 15.64 12.86 12.07 14.17 20.60NOPAT/Average capital employed 11.83 10.41 9.75 11.39 16.02Net debt/Equity (%) 2 39.47 22.13 25.05 27.23 43.621 Average capital employed comprises shareholders’ equity, minority interests, long term liabilities, short term borrowings and deferred taxation.2 Net debt represents total bank borrwoings less short term funds, deposits with financial institutions and cash and bank balances.Certain comparative figures have been reclassified to conform with current financial year’s presentation as disclosed in Note 45 to the financial statement.