Table of Contents
1
137
Kimlun Corporation Berhad Annual Report 2018
ANNUAL REPORT 2018
1
CONTENTS
3
CORPORATE INFORMATION
4
CORPORATE STRUCTURE
5
CORPORATE MILESTONES
6
PROFILE OF DIRECTORS AND KEY SENIOR MANAGEMENT
8
GROUP FINANCIAL HIGHLIGHTS
12
CHAIRMAN’S STATEMENT
13
MANAGEMENT DISCUSSION AND ANALYSIS
16
SUSTAINABILITY STATEMENT
26
CORPORATE GOVERNANCE OVERVIEW STATEMENT
33
ADDITIONAL COMPLIANCE INFORMATION DISCLOSURES
44
AUDIT COMMITTEE REPORT
46
STATEMENT ON RISK MANAGEMENT AND INTERNAL CONTROL
49
STATEMENT ON DIRECTORS’ RESPONSIBILITY
54
FINANCIAL STATEMENTS
55
DIRECTORS' REPORT
56
Statement by directors
61
Statutory declaration
61
INDEPENDENT AUDITORS’ REPORT
62
STATEMENTS OF COMPREHENSIVE INCOME
66
STATEMENTS OF FINANCIAL POSITION
67
STATEMENTS OF CHANGES IN EQUITY
68
STATEMENTS OF CASH FLOWS
73
NOTES TO THE FINANCIAL STATEMENTS
75
1. Corporate information
75
2. Summary of significant accounting policies
75
3. Significant accounting judgements and estimates
90
4. Revenue
91
5. Other operating income
92
6. Finance costs
92
7. Profit before tax
93
8. Employee benefits expenses
93
9. Directors' remuneration
94
10. Income tax expense
94
11. Earnings per share
96
12. Property, plant and equipment
97
13. Investment properties
98
14. Other investments
98
15. Investment in subsidiaries
99
16. Investment in joint ventures
100
17. Properties held for sale
101
18. Land held for development and development properties
102
19. Inventories
103
20. Trade and other receivables
103
21. Cash and bank balances
105
22. Loans and borrowings
106
23. Trade and other payables
108
24. Deferred tax liabilities/(assets)
109
25. Share capital, share premium and treasury shares
110
26. Retained earnings
111
27. Other reserves
111
28. Related party disclosures
112
29. Commitments
113
30. Fair value
114
31. Financial risk management objectives and policies
115
32. Capital management
117
33. Segment information
117
34. Dividends
120
35. Authorisation of financial statements for issue
120
ANALYSIS OF SHAREHOLDINGS
121
ANALYSIS OF WARRANT HOLDINGS
123
LIST OF PROPERTIES
125
NOTICE OF TENTH (10TH) ANNUAL GENERAL MEETING
127
PROXY FORM
134
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