IOI Group

In RM'000	2008	2007	2006	2005	2004
INCOME
Results
Revenue	14,665,369	8,952,727	6,109,668	6,072,507	4,993,454
Profit before taxation	3,095,197	1,991,073	1,152,873	1,208,423	1,107,075
Taxation	(683,010)	(340,109)	(196,158)	(121,910)	(215,459)
Profit for the financial year	2,412,187	1,650,964	956,715	1,086,513	891,616
Attribute to:
Equity holders of the company	2,231,632	1,482,104	829,002	902,220	701,550
Minority interests	180,555	168,860	127,713	184,293	190,066

BALANCE SHEET
Group Assets
Property, plant and equipment	4,519,274	4,467,810	4,164,394	3,998,661	3,806,869
Prepaid lease payments	822,328	826,258	790,509	800,673	799,279
Land held for property development	927,263	821,744	628,327	637,393	652,517
Investment properties	838,639	699,469	512,976	508,176	580,677
Other long term investments	26,198	27,699	30,376	30,699	32,043
Associates	542,071	280,924	247,385	249,441	222,636
Jointly controlled entities	1,515,878	161,479	-	-	-
Other assets	569,755	589,654	511,219	566,277	491,772
	9,761,406	7,875,037	6,885,186	6,791,320	6,585,793
Current assets	7,499,818	5,792,615	3,426,500	3,713,739	2,260,157
Non-current assets held for sale	-	13,190	-	-	-
	17,261,224	13,680,842	10,311,686	10,505,059	8,845,950

Equity and Liabilities
Share capital	613,788	625,881	605,267	559,241	582,618
Reserves	7,777,573	7,113,377	5,428,656	4,303,087	3,835,534
	8,391,361	7,739,258	6,033,923	4,862,328	4,418,152
Minority interests	965,117	856,954	746,984	1,175,183	1,205,239
Total equity	9,356,478	8,596,212	6,780,907	6,037,511	5,623,391
Non-current liabilities	5,494,836	3,938,242	2,820,939	3,653,691	1,781,488
Current liabilities	2,409,910	1,146,388	709,840	813,857	1,441,071
Total liabilities	7,904,746	5,084,630	3,530,779	4,467,548	3,222,559
	17,261,224	13,680,842	10,311,686	10,505,059	8,845,950

FINANCIAL RATIOS
Net operating profit after tax ("NOPAT")	2,553,500	1,756,196	1,086,614	1,199,783	953,635
Average shareholders' equity	8,065,310	6,886,591	5,448,126	4,640,240	3,974,172
Average capital employed¹	14,366,209	11,273,774	9,790,574	8,998,939	7,601,306

Financial statistics
Basic earnings per share (sen)	36.85	24.13	14.51	16.12	12.85
Gross dividend per share (sen)	17.0	7.0	8.7	7.0	5.0
Net assets per share (sen)	140	124	100	87	79
Return on average equity(%)	27.67	21.52	15.22	19.44	17.65
NOPAT / Average capital employed(%)	17.77	15.58	11.10	13.33	12.55
Net debt/Equity(%)²	36.65	11.67	21.01	25.76	30.66


1	Average capital employed comprises shareholders' equity, minority interests,long term liabilities,short term borrowings and deferred taxation.
2	Net debt represents total bank borrowings less short term funds, deposits with financial institutions and cash and bank balances.