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KUMPULAN FIMA BERHAD
(11817-V) |
Annual Report
2016
The average oil extraction rate of 22.42% is lower
than last year’s rate of 22.71% due to higher crops
from external smallholders. The kernel extraction rate
recorded at 4.23% is higher than the previous year’s
rate of 4.01%.
The average CPO price (CIF, net of duty) achieved
during the year was RM2,064 (2015: RM2,207). The
decline was largely due to the lower average CPO
price realized in Indonesia arising from the impact of
the USD50/MT export levy on CPO by the Indonesian
government which took effect 16 July 2015. The
average CPKO price during the year was RM2,850.
During FYE2016, the Division spent approximately
RM38.46 million on capital expenditure (“CAPEX”).
The capex was largely expended towards plantation
development works, construction and refurbishment
of workers quarters as well as purchase of estate
equipment.
The Group’s estate in Miri, Sarawak project is
approaching the end of its planting programme. As at
31 March 2016, 4,610.37 hectares have been planted.
The prolonged dry weather had caused a delay in the
estate’s planting activities but we expect to complete
planting at the remaining plantable areas during the
current year.
The estate’s palm oil mill project is progressing well.
The relevant tender and selection processes have
already commenced with some of the contracts
awarded. Ground works however will only commence
once all official clearances and permissions from the
authorities have been obtained.
Ladang Ayer Baloi
Ladang Amgreen
Ladang Ayer Hitam
PTNJL