CHEMICAL COMPANY OF MALAYSIA BERHAD (5236-T) CHEMICAL COMPANY OF MALAYSIA BERHAD (5136-T) CHEMICAL COMPANY OF MALAYSIA BERHAD (5136-T)

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1 CHEMICAL COMPANY OF MALAYSIA BERHAD (5136-T) Annual Report 2006 w w w. c c m. c o m. m y CHEMICAL COMPANY OF MALAYSIA BERHAD (5236-T) 9th Floor, Wisma Sime Darby, 14, Jalan Raja Laut, Kuala Lumpur. Tel: Fax: URL: Annual Report 2006 CHEMICAL COMPANY OF MALAYSIA BERHAD (5136-T)

2 MAKING A DIFFERENCEINLIFE

3 INSIDE 1 Financial Calendar 4-5 Group Structure 6 Board Structure 7 Corporate Information 8-16 Board of Directors Profile Senior Management s Profile Chairman s Statement Operations Review Corporate Social Responsibility Human Resource Development 44 Research & Development 45 Safety, Health & Environment Corporate Diary Awards & Accolades Financial Review 56 Financial Highlights 57 Financial Ratios Statement on Corporate Governance Report of the Audit Committee 66 Report of the Government-Linked Companies Transformation Committee 67 Report of the Nomination & Remuneration Committee 68 Report of the Finance & Investment Committee Report on Risk Management 71 Statement on Internal Control 72 Statement on Director s Responsibility Other Disclosures Financial Statements Analysis of Shareholdings Analysis of Warrant Holdings 157 Properties Held Notice of Annual General Meeting 160 Statement Accompanying the Notice of the Forty-Fifth Annual General Meeting of Chemical Company of Malaysia Berhad Form of Proxy Financial Calendar Financial year end 31 December 2006 Annual General Meeting 28 May 2007 PROPOSED FINAL AND SPECIAL DIVIDEND Entitlement date 6 June 2007 CHEMICAL COMPANYOF MALAYSIA BERHAD 2006 ANNUAL REPORT Payment date 15 June 2007 ANNOUNCEMENT OF 2006 TRADING RESULTS Three months May 2006 Six months August 2006 Nine months November 2006 Full year February 2007

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6 4 Group Structure 50.1% 80% UPHA Pharmaceutical CCM Pharmaceuticals CCM Fertilizers CCM Pharma CCM Chemicals Prima Health Manufacturing (M) Pharmacy ) (Retail) ceased operation Ho Han Medical Company Sentosa Pharmacy Unique Pharmacy (Ipoh) Unique Pharmacy (Penang) Negeri Pharmacy Max Agriculture CCM Watercare CCMF Agronomic and Technical Services 98% P.T CCM Indonesia CCM Chemtrans CCM Singapore Pte Ltd 45% Orica-CCM Energy Systems CCM Chemtrade

7 CHEMICAL COMPANY OF MALAYSIA BERHAD ANNUAL REPORT CCM Agri-Max CCM Marketing Usaha Kimia (M) CCM Investments Ltd (formerly (formerly Envirochem Tekan Maju Sdn 15% Consultants ) Synergy America, Inc Bhd) Usaha Progresif Kibaran Kemas CCM Agriculture Innovax Yayasan CCM (Limited by Guarantee) CCM International Liberal Wira Euphorex Corporation 74% CCM Duopharma Biotech Berhad (formerly Duopharma Biotech Bhd) Duopharma (M) CCM Pharmaceuticals (S) Pte Ltd (formerly Duopharma Trading (S) Pte Ltd) 99% P.T CCM AgriPharma CCM Siam Ltd 16% CI Resources Limited Fertilizers Division Chemicals Division Pharmaceuticals Division Investments Others

8 6 Board Structure Board of Directors Management Council B o a r d C o m m i t t e e Government-Linked Companies Transformation Committee Nomination & Remuneration Committee Finance & Investment Committee Audit Committee M a n a g e m e n t C o m m i t t e e Government-Linked Companies Transformation Council Human Resource Council Project Review Council Risk Management Council

9 CHEMICAL COMPANY OF MALAYSIA BERHAD ANNUAL REPORT Corporate Information JOINT COMPANY SECRETARIES Noor Azwah Binti Samsudin (LS ) Ibrahim Hussin Salleh (LS ) REGISTERED OFFICE 9th Floor, Wisma Sime Darby 14, Jalan Raja Laut Kuala Lumpur Tel : Fax : WORKS Shah Alam, Pasir Gudang, Bangi, Petaling Jaya, Glenmarie Subang Jaya, Klang REGISTRAR Symphony Share Registrars Sdn. Bhd. Level 26, Menara Multi-Purpose Capital Square No. 8, Jalan Munshi Abdullah Kuala Lumpur Tel : Fax : AUDITORS KPMG Wisma KPMG, Jalan Dungun Damansara Heights Kuala Lumpur BANKERS Malayan Banking Berhad HSBC Bank Malaysia Berhad OCBC Bank (Malaysia) Berhad SOLICITORS Raja, Darryl & Loh 18th Floor, Wisma Sime Darby 14, Jalan Raja Laut, Kuala Lumpur Salleh & Haq Associates Lot 33 & 35, Level 4 Jalan Medan Tunku Kuala Lumpur