Annual Report 2014 | 1 |
CONTENTS | 2 |
Vision and Mission | 3 |
Corporate Profile | 4 |
Corporate Structure | 5 |
Corporate Information | 7 |
Financial Highlights | 9 |
Key Performance Indicators | 10 |
Chairman’s Statement | 11 |
CEO Report | 14 |
Directors’ Profile | 19 |
Corporate Directory | 26 |
Statement on Corporate Governance | 27 |
Audit and Risk Committee Report | 35 |
Statement on Risk Management and Internal Control | 39 |
Nomination and Remuneration Committee Report | 44 |
CONTENTS (Financial Statements) | 48 |
Directors’ Report | 47 |
Statement by Directors | 54 |
Statutory Declaration | 54 |
Independent Auditors’ Report | 55 |
Statements of Financial Position | 57 |
Statements of Profit or Loss and Other Comprehensive Income | 59 |
Statements of Changes in Equity | 61 |
Statements of Cash Flows | 65 |
Notes to the Financial Statements | 68 |
1. CORPORATE INFORMATION | 68 |
2. PRINCIPAL ACTIVITIES | 68 |
3. BASIS OF PREPARATION | 68 |
4. SIGNIFICANT ACCOUNTING POLICIES | 68 |
5. ADOPTION OF NEW MFRSs AND AMENDMENT TO MFRSs | 91 |
6. SIGNIFICANT ACCOUNTING ESTIMATES AND JUDGEMENTS | 92 |
7. PROPERTY, PLANT AND EQUIPMENT | 96 |
8. INTANGIBLE ASSETS | 99 |
9. GOODWILL | 101 |
10. INVESTMENTS IN SUBSIDIARIES | 103 |
11. INVESTMENTS IN JOINT VENTURES | 111 |
12. AVAILABLE-FOR-SALE INVESTMENTS | 111 |
13. TRADE AND OTHER RECEIVABLES | 112 |
14. DEFERRED TAX | 115 |
15. INVENTORIES | 118 |
16. CASH AND BANK BALANCES | 119 |
17. SHARE CAPITAL | 120 |
18. RESERVES | 122 |
19. BORROWINGS | 123 |
20. TERM LOANS | 123 |
21. HIRE PURCHASE CREDITORS | 124 |
22. BANKERS’ ACCEPTANCE AND ISLAMIC FACILITY | 125 |
23. DEFERRED INCOME | 125 |
24. TRADE AND OTHER PAYABLES | 126 |
25. CONTINGENT LIABILITIES | 127 |
26. COMMITMENTS | 127 |
27. REVENUE | 128 |
28. PROFIT/(LOSS) BEFORE TAXATION | 128 |
29. TAXATION | 130 |
30. EARNINGS PER SHARE | 132 |
31. EMPLOYEE BENEFITS | 133 |
32. EXECUTIVES’ SHARE SCHEME (“ESS”) | 133 |
33. RELATED PARTIES DISCLOSURES | 137 |
34. OPERATING SEGMENTS | 139 |
35. FINANCIAL INSTRUMENTS | 143 |
36. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES | 150 |
37. MATERIAL LITIGATION | 155 |
38. SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR | 156 |
39. SIGNIFICANT EVENT SUBSEQUENT TO THE END OF THE REPORTING PERIOD | 156 |
40. SUPPLEMENTARY INFORMATION ON REALISED AND UNREALISED PROFITS OR LOSSES | 157 |
List of Property | 158 |
Shareholding Statistics | 159 |
Notice of Twenty-First Annual General Meeting | 162 |
Statement to Shareholders | 167 |
Proxy Form | 172 |