Table of Contents
1
237
Chemical Company of Malaysia Berhad Annual Report 2019
ANNUAL REPORT 2019
1
CONTENT
3
BUSINESS OVERVIEW
4
AT A GLANCE
6
CORPORATE INFORMATION
8
FINANCIAL REVIEW
9
FINANCIAL HIGHLIGHTS
10
GROUP FINANCIAL RATIOS
11
CHAIRMAN’S STATEMENT
12
GROUP MANAGING DIRECTOR’S MANAGEMENT DISCUSSION AND ANALYSIS
20
SUSTAINABILITY STATEMENT
32
KEY HIGHLIGHTS
44
GOVERNANCE
48
GROUP STRUCTURE
50
BOARD AND MANAGEMENT STRUCTURE
52
BOARD OF DIRECTORS
54
SENIOR MANAGEMENT
65
CORPORATE GOVERNANCE OVERVIEW STATEMENT
70
REPORT OF THE AUDIT AND COMPLIANCE COMMITTEE
92
REPORT OF THE NOMINATION AND REMUNERATION COMMITTEE
96
REPORT OF THE RISK MANAGEMENT COMMITTEE
98
REPORT OF THE FINANCE AND INVESTMENT COMMITTEE
102
STATEMENT ON RISK MANAGEMENT AND INTERNAL CONTROL
104
OTHER DISCLOSURES
110
FINANCIAL STATEMENTS
112
FINANCIAL STATEMENTS
112
DIRECTORS’ REPORT
114
STATEMENTS OF FINANCIAL POSITION
118
STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
120
STATEMENTS OF CHANGES IN EQUITY
122
STATEMENTS OF CASH FLOWS
127
NOTES TO THE FINANCIAL STATEMENTS
132
1. Basis of preparation
132
2. Significant accounting policies
134
3. Property, plant and equipment
153
4. Right-of-use assets
157
5. Investment properties
159
6. Intangible assets
162
7. Investments in subsidiaries
163
8. Investment in an associate
166
9. Deferred tax (assets)/liabilities
168
10. Other investment
171
11. Trade and other receivables
171
12. Inventories
172
13. Cash and cash equivalents
172
14. Assets classified as held for sale
172
15. Capital and reserves
173
16. Loans and borrowings
174
17. Trade and other payables
176
18. Revenue
176
19. Finance costs
179
20. Tax expense/(income)
179
21. Profit for the year
181
22. Earnings per ordinary share
183
23. Dividends
184
24. Operating segments
185
25. Financial instruments
188
26. Capital management
207
27. Capital and other commitments
207
28. Related parties
208
29. Key management personnel compensation
209
30. Significant changes in accounting policies
209
STATEMENT BY DIRECTORS
212
STATUTORY DECLARATION
213
INDEPENDENT AUDITORS’ REPORT
214
OTHER INFORMATION
218
ANALYSIS OF SHAREHOLDINGS
220
LIST OF PROPERTIES
223
NOTICE OF ANNUAL GENERAL MEETING
223
STATEMENT ACCOMPANYING THE NOTICE OF FIFTY-EIGHT (58TH) AGM OF CHEMICAL COMPANY OFMALAYSIA BERHAD
229
ADMINISTRATIVE GUIDE
230
PROXY FORM
235
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