Table of Contents
1
203
PRG Holdings Berhad Annual Report 2019
CORPORATE PROFILE
4
PRG VALUES
5
CORPORATE INFORMATION
6
CORPORATE STRUCTURE
8
GROUP FINANCIAL HIGHLIGHTS
10
CHAIRMAN’S STATEMENT
12
MANAGEMENT DISCUSSION AND ANALYSIS
16
PRG IN THE NEWS
22
PRG EVENTS
24
DIRECTORS’ PROFILE
26
MANAGEMENT TEAM
33
SUSTAINABILITY REPORT
37
CORPORATE GOVERNANCE OVERVIEW STATEMENT
45
DIRECTORS’ RESPONSIBLITIES STATEMENT
53
ADDITIONAL COMPLIANCE INFORMATION
54
STATEMENT ON RISK MANAGEMENTAND INTERNAL CONTROL
55
REPORT OF THE AUDIT ANDRISK MANAGEMENT COMMITTEE
59
DIRECTORS’ REPORT
64
STATEMENT BY DIRECTORS
70
STATUTORY DECLARATION
70
INDEPENDENT AUDITORS’ REPORT
71
STATEMENTS OF FINANCIAL POSITION
76
STATEMENTS OF PROFIT OR LOSS ANDOTHER COMPREHENSIVE INCOME
78
STATEMENTS OF CHANGES IN EQUITY
81
STATEMENTS OF CASH FLOWS
85
NOTES TO THE FINANCIAL STATEMENTS
89
CORPORATE INFORMATION
89
PRINCIPAL ACTIVITIES
89
BASIS OF PREPARATION
89
SIGNIFICANT ACCOUNTING POLICIES
89
ADOPTION OF NEW MFRSs AND AMENDMENTS TO MFRSs
110
SIGNIFICANT ACCOUNTING ESTIMATES AND JUDGEMENTS
113
PROPERTY, PLANT AND EQUIPMENT
114
RIGHT-OF-USE ASSETS
117
INTANGIBLE ASSETS
118
INVESTMENTS IN SUBSIDIARIES
120
INVESTMENTS IN ASSOCIATES
131
INVESTMENTS IN JOINT VENTURES
135
OTHER INVESTMENTS
138
DEFERRED TAX (ASSETS)/LIABILITIES
139
TRADE AND OTHER RECEIVABLES
141
CONTRACT ASSETS/(LIABILITIES)
146
INVENTORIES
148
PROPERTY DEVELOPMENT COSTS
149
BIOLOGICAL ASSETS
150
CASH AND BANK BALANCES
151
SHARE CAPITAL AND TREASURY SHARES
153
RESERVES
155
BORROWINGS
156
TRADE AND OTHER PAYABLES
158
LEASE LIABILITIES
160
DISPOSAL GROUP CLASSIFIED AS HELD FOR SALE
162
COMMITMENTS
166
CONTINGENT LIABILITIES
167
REVENUE
168
(LOSS)/PROFIT BEFORE TAX FROM CONTINUING OPERATIONS
169
TAX EXPENSE
170
(LOSS)/EARNINGS PER ORDINARY SHARE
172
EMPLOYEE BENEFITS
172
RELATED PARTY DISCLOSURES
173
OPERATING SEGMENTS
176
FINANCIAL INSTRUMENTS
181
FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES
184
SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR
190
SIGNIFICANT EVENTS SUBSEQUENT TO THE END OF THE REPORTING PERIOD
192
LIST OF GROUP PROPERTIES
194
ANALYSIS OF SHAREHOLDINGS
196
NOTICE OF NINETEENTH ANNUAL GENERAL MEETING
198
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