Table of Contents
1
190
GHL System Berhad Annual Report 2020
Annual Report 2020
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
32
KEY SENIOR MANAGEMENTS’ PROFILE
37
CORPORATE DIRECTORY
41
CORPORATE GOVERNANCE OVERVIEW STATEMENT
43
AUDIT AND RISK COMMITTEE REPORT
50
STATEMENT ON RISK MANAGEMENT AND INTERNAL CONTROL
56
OTHER STATEMENTS AND DISCLOSURES
62
DIRECTORS’ REPORT
64
STATEMENT BY DIRECTORS
71
STATUTORY DECLARATION
71
INDEPENDENT AUDITORS’ REPORT
72
STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
77
STATEMENTS OF FINANCIAL POSITION
79
STATEMENTS OF CHANGES IN EQUITY
81
STATEMENTS OF CASH FLOWS
85
NOTES TO THE FINANCIAL STATEMENTS
88
1. CORPORATE INFORMATION
88
2. PRINCIPAL ACTIVITIES
88
3. BASIS OF PREPARATION
88
4. OPERATING SEGMENTS
88
5. REVENUE
92
6. PROFIT BEFORE TAX
96
7. EMPLOYEE BENEFITS
97
8. DIRECTORS’ REMUNERATION
97
9. TAXATION
97
10. EARNINGS PER SHARE
99
11. DIVIDENDS
100
12. PROPERTY, PLANT AND EQUIPMENT
101
13. RIGHT-OF-USE ASSETS AND LEASE LIABILITIES
108
14. INTANGIBLE ASSETS
115
15. GOODWILL
117
16. INVESTMENTS IN SUBSIDIARIES
119
17. INVESTMENTS IN JOINT VENTURES AND AN ASSOCIATE
131
18. DEFERRED TAX
133
19. INVENTORIES
137
20. TRADE AND OTHER RECEIVABLES
138
21. OTHER INVESTMENTS
144
22. CASH AND BANK BALANCES
146
23. SHARE CAPITAL
148
24. RESERVES
152
25. BORROWINGS
153
26. TRADE AND OTHER PAYABLES
156
27. DERIVATIVE
158
28. EMPLOYEE BENEFITS OBLIGATIONS
159
29. CONTRACT LIABILITIES
161
30. CONTINGENT LIABILITIES
162
31. CAPITAL COMMITMENTS
162
32. RELATED PARTIES DISCLOSURES
163
33. CAPITAL AND FINANCIAL RISK MANAGEMENT
164
34. MATERIAL LITIGATION
167
35. ADOPTION OF NEW MFRSs AND AMENDMENTS TO MFRSs
168
36. FINANCIAL REPORTING UPDATES
168
37. SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR
169
LIST OF PROPERTIES
170
ANALYSIS OF SHAREHOLDINGS
171
NOTICE OF TWENTY-SEVENTH ANNUAL GENERAL MEETING
174
STATEMENT TO SHAREHOLDERS
180
PROXY FORM
188
Made with FlippingBook
RkJQdWJsaXNoZXIy NDgzMzc=