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211
PRG Holdings Berhad Annual Report 2021
Untitled
1
PRG Values
4
Corporate Information
6
Corporate Structure
8
Group Financial Highlights
10
Chairman’s Statement
12
Management Discussion And Analysis
16
Directors’ Profile
22
Management Team
29
Sustainability Report
32
Corporate Governance Overview Statement
42
Directors’ Responsibilities Statement
52
Additional Compliance Information
53
Statement On Risk Management and Internal Control
54
Report of The Audit and Risk Management Committee
58
Directors’ Report
64
Statement By Directors
70
Independent Auditors’ Report
71
Statements Of Financial Position
76
Statements of Profit or Loss and Other Comprehensive Income
79
Statements of Changes In Equity
82
Statements of Cash Flows
87
Notes to the Financial Statements
91
CORPORATE INFORMATION
91
PRINCIPAL ACTIVITIES
91
BASIS OF PREPARATION
91
SIGNIFICANT ACCOUNTING POLICIES
91
ADOPTION OF NEW MFRSs AND AMENDMENTS TO MFRSs
113
SIGNIFICANT ACCOUNTING ESTIMATES AND JUDGEMENTS
114
PROPERTY, PLANT AND EQUIPMENT
116
RIGHT-OF-USE ASSETS
118
INTANGIBLE ASSETS
120
INVESTMENTS IN SUBSIDIARIES
122
INVESTMENTS IN ASSOCIATES
134
INVESTMENT IN A JOINT VENTURE
138
OTHER INVESTMENT
140
DEFERRED TAX (ASSETS)/LIABILITIES
141
TRADE AND OTHER RECEIVABLES
143
CONTRACT ASSETS/(LIABILITIES)
148
INVENTORIES
150
PROPERTY DEVELOPMENT COSTS
150
BIOLOGICAL ASSETS
151
CASH AND BANK BALANCES
153
BANK BALANCES HELD ON BEHALF OF CLIENTS
154
SHARE CAPITAL AND TREASURY SHARES
155
RESERVES
155
BORROWINGS
156
TRADE AND OTHER PAYABLES
158
LEASE LIABILITIES
160
DISPOSAL GROUP CLASSIFIED AS HELD FOR SALE
163
COMMITMENTS
165
CONTINGENT LIABILITIES
165
REVENUE
166
PROFIT/(LOSS) BEFORE TAX
167
TAXATION
169
(LOSS)/EARNINGS PER ORDINARY SHARE
171
EMPLOYEE BENEFITS
172
RELATED PARTY DISCLOSURES
172
OPERATING SEGMENTS
175
FINANCIAL INSTRUMENTS
182
FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES
184
SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR
192
IFRIC Agenda Decision - Over time transfer of constructed good (“IAS 23”)
193
List of Group Properties
197
Analysis of Shareholdings
199
NOTICE OF TWENTY-FIRSTANNUAL GENERAL MEETING
201
Notice of Twenty-First Annual General Meeting
201
Administrative Guide for the Twenty-first(“21st”) Annual General Meeting
205
FORM OF PROXY
209
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