Table of Contents
1
179
PRG Holdings Berhad Annual Report 2018
CORPORATE PROFILE
4
PRG VALUES
5
CORPORATE INFORMATION
6
CORPORATE STRUCTURE
8
GROUP FINANCIAL HIGHLIGHTS
10
CHAIRMAN’S STATEMENT
12
GROUP MANAGING DIRECTOR’S MANAGEMENT DISCUSSION AND ANALYSIS
16
PRG IN THE NEWS
22
PRG EVENTS
24
BOARD OF DIRECTORS
26
DIRECTORS’ PROFILE
28
MANAGEMENT TEAM
34
SUSTAINABILITY REPORT
37
CORPORATE GOVERNANCE OVERVIEW STATEMENT
44
DIRECTORS’ RESPONSIBILITIES STATEMENT
48
ADDITIONAL COMPLIANCE INFORMATION
49
STATEMENT ON RISK MANAGEMENT AND INTERNAL CONTROL
50
REPORT OF THE AUDIT COMMITTEE
54
REPORT OF THE REMUNERATION COMMITTEE
57
REPORT OF THE NOMINATION COMMITTEE
59
DIRECTORS’ REPORT
62
STATEMENT BY DIRECTORS
68
STATUTORY DECLARATION
68
INDEPENDENT AUDITORS’ REPORT
68
STATEMENTS OF FINANCIAL POSITION
73
STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
76
STATEMENT OF CHANGES IN EQUITY
77
STATEMENT OF CASH FLOWS
81
NOTES TO THE FINANCIAL STATEMENTS
83
CORPORATE INFORMATION
83
PRINCIPAL ACTIVITIES
83
BASIS OF PREPARATION
83
SIGNIFICANT ACCOUNTING POLICIES
83
ADOPTION OF NEW MFRSs AND AMENDMENTS TO MFRSs
100
SIGNIFICANT ACCOUNTING ESTIMATES AND JUDGEMENTS
109
PROPERTY, PLANT AND EQUIPMENT
110
INTANGIBLE ASSETS
113
INVESTMENTS IN SUBSIDIARIES
114
INVESTMENTS IN ASSOCIATES
124
INVESTMENTS IN JOINT VENTURES
126
DEFERRED TAX (ASSETS)/LIABILITIES
129
TRADE AND OTHER RECEIVABLES
130
CONTRACT ASSETS/(LIABILITIES)
134
INVENTORIES
135
PROPERTY DEVELOPMENT COSTS
135
CASH AND BANK BALANCES
136
SHARE CAPITAL AND TREASURY SHARES
138
RESERVES
139
BORROWINGS
140
TRADE AND OTHER PAYABLES
142
COMMITMENTS
144
CONTINGENT LIABILITIES
145
REVENUE
145
(LOSS)/PROFIT BEFORE TAX
147
TAX EXPENSE
148
(LOSS)/EARNINGS PER ORDINARY SHARE
149
DIVIDENDS
150
EMPLOYEE BENEFITS
150
RELATED PARTY DISCLOSURES
151
OPERATING SEGMENTS
153
FINANCIAL INSTRUMENTS
157
FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES
159
SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR
165
SIGNIFICANT EVENTS SUBSEQUENT TO THE END OF THE REPORTING PERIOD
165
LIST OF GROUP PROPERTIES
166
ANALYSIS OF SHAREHOLDINGS
168
ANALYSIS OF WARRANTS HOLDINGS
170
NOTICE OF EIGHTEENTH ANNUAL GENERAL MEETING
172
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