Table of Contents
1
190
GHL System Berhad Annual Report 2019
Annual Report 2019
1
TABLE OF CONTENT
2
VISION AND MISSION
3
CORPORATE PROFILE
4
CORPORATE STRUCTURE
5
CORPORATE INFORMATION
7
FINANCIAL HIGHLIGHTS
10
KEY PERFORMANCE INDICATORS
11
MANAGEMENT DISCUSSION AND ANALYSIS
12
SUSTAINABILITY STATEMENT
20
DIRECTORS’ PROFILE
38
KEY SENIOR MANAGEMENTS’ PROFILE
43
CORPORATE DIRECTORY
46
CORPORATE GOVERNANCE OVERVIEW STATEMENT
48
AUDIT AND RISK COMMITTEE REPORT
57
STATEMENT ON RISK MANAGEMENT AND INTERNAL CONTROL
62
OTHER STATEMENTS AND DISCLOSURE
68
FINANCIAL STATEMENT
70
DIRECTORS’ REPORT
70
STATEMENT BY DIRECTORS
77
STATUTORY DECLARATION
77
INDEPENDENT AUDITORS’ REPORT
78
STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
83
STATEMENTS OF FINANCIAL POSITION
84
STATEMENTS OF CHANGES IN EQUITY
86
STATEMENTS OF CASH FLOWS
90
NOTES TO THE FINANCIAL STATEMENTS
93
1. CORPORATE INFORMATION
93
2. PRINCIPAL ACTIVITIES
93
3. BASIS OF PREPARATION
93
4. OPERATING SEGMENTS
93
5. REVENUE
96
6. PROFIT BEFORE TAX
99
7. EMPLOYEE BENEFITS
100
8. DIRECTORS’ REMUNERATION
100
9. TAXATION
101
10. EARNINGS PER SHARE
102
11. DIVIDENDS
103
12. PROPERTY, PLANT AND EQUIPMENT
104
13. RIGHT-OF-USE ASSETS AND LEASE LIABILITIES
110
14. INTANGIBLE ASSETS
115
15. GOODWILL
117
16. INVESTMENTS IN SUBSIDIARIES
119
17. INVESTMENTS IN JOINT VENTURES AND AN ASSOCIATE
132
18. DEFERRED TAX
134
19. INVENTORIES
138
20. TRADE AND OTHER RECEIVABLES
139
21. OTHER INVESTMENTS
145
22. CASH AND BANK BALANCES
146
23. SHARE CAPITAL
148
24. RESERVES
152
25. BORROWINGS
153
26. HIRE PURCHASE CREDITORS
157
27. TRADE AND OTHER PAYABLES
158
28. EMPLOYEE BENEFITS OBLIGATIONS
160
29. CONTRACT LIABILITIES
162
30. CONTINGENT LIABILITIES
163
31. COMMITMENTS
164
32. RELATED PARTIES DISCLOSURES
164
33. CAPITAL AND FINANCIAL RISK MANAGEMENT
166
34. MATERIAL LITIGATION
168
35. ADOPTION OF NEW MFRSs AND AMENDMENTS TO MFRSs
169
36. FINANCIAL REPORTING UPDATES
172
37. SIGNIFICANT EVENT SUBSEQUENT TO THE END OF THE REPORTING PERIOD
172
38. COMPARATIVES FIGURES
172
LIST OF PROPERTIES
173
ANALYSIS OF SHAREHOLDINGS
174
NOTICE OF TWENTY-SIXTH ANNUAL GENERAL MEETING
177
STATEMENT TO SHAREHOLDERS
182
PROXY FORM
188
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