INDOFOOD AGRI RESOURCES LTD
ANNUAL REPORT 2015
73.
1.
CORPORATE INFORMATION
Indofood Agri Resources Ltd. (the “Company”) is a public limited liability company incorporated and domiciled in
Singapore and is listed on the Singapore Exchange Securities Trading Limited (SGX-ST). The registered office and
principal place of business of the Company is located at 8 Eu Tong Sen Street, #16-96/97 The Central, Singapore 059818.
The Group is a vertically-integrated agribusiness group, with its principal activities comprising research and
development, oil palm seed breeding, cultivation of oil palm plantations, production and refining of crude palm oil
(“CPO”), cultivation of rubber, sugar cane and industrial timber plantations and marketing and selling these end
products. The Group is also involved in managing and cultivating small portions of cocoa, coconut and tea plantations,
and marketing and selling the related products.
These activities are carried out through the Company’s subsidiary and associate companies. The principal activity of
the Company is that of an investment holding company. The principal activities of the subsidiary companies are set out
in Note 18 to the financial statements.
PT Indofood Sukses Makmur Tbk (“PT ISM”), incorporated in Indonesia, and First Pacific Company Limited, incorporated
in Hong Kong, are the penultimate and ultimate parent company of the Company, respectively. The immediate holding
company is Indofood Singapore Holdings Pte Ltd, incorporated in Singapore.
2.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
2.1
Basis of preparation
The consolidated financial statements of the Group and the balance sheet of the Company have been prepared in
accordance with Singapore Financial Reporting Standards (“FRS”).
The financial statements have been prepared on the historical cost basis, except as disclosed in the accounting policies
below.
The financial statements are presented in Indonesian Rupiah (“Rp”) and all values are rounded to the nearest million
(Rp million) except when otherwise indicated.
2.2
Changes in accounting policies
The accounting policies adopted are consistent with those of the previous financial year except in the current financial
year, the Group has adopted all the new and revised standards which are effective for annual financial periods beginning
on or after 1 January 2015. The adoption of these standards did not have any material effect on the financial performance
or position of the Group and the Company.
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For the financial year ended 31 December 2015
