Table of Contents 1 162

Sasbadi Annual Report 2018

SASBADI Annual Report 2018 1
CONTENTS 3
CORPORATE INFORMATION 4
FINANCIAL HIGHLIGHTS 5
ORGANISATIONAL STRUCTURE 6
WHO WE ARE 7
AWARDS AND ACHIEVEMENTS 8
MESSAGE TO SHAREHOLDERS 9
MANAGEMENT DISCUSSION AND ANALYSIS 10
OUR JOURNEY SO FAR 15
OUR CORE COMPETENCIES 17
DIRECTORS’ PROFILES 27
KEY SENIOR MANAGEMENT’S PROFILES 35
SUSTAINABILITY STATEMENT 36
SAMPLE OF OUR TECHNOLOGIES 41
CORPORATE GOVERNANCE OVERVIEW STATEMENT 42
AUDIT COMMITTEE REPORT 51
STATEMENT ON RISK MANAGEMENT AND INTERNAL CONTROL 54
ADDITIONAL COMPLIANCE INFORMATION 56
STATEMENT ON DIRECTORS’ RESPONSIBILITY 57
FINANCIAL STATEMENTS 58
Directors’ report 59
Statements of Financial Position 65
Statements of profit or loss and other comprehensive income 66
Consolidated statement of changes in equity 67
Statement of Changes in equity 69
Statement of cash flow 70
Notes to the financial statements 73
Basis of preparation 73
Significant accounting policies 79
Property, plant and equipment 95
Investment properties 98
Intangible assets 99
Investments in subsidiaries 104
Other investments 106
Inventories 106
Trade and other receivables 107
Cash and cash equivalents 107
Capital and reserve 108
Loans and borrowings 111
Deferred tax assets/(liabilities) 112
Provisions 114
Trade and other payables 114
Revenue 114
Finance costs 115
Profit before tax 115
Tax expense 116
Dividends 117
Earnings per ordinary share 118
Operating segments 118
Financial instruments 122
Capital management 134
Operating leases 135
Contingencies 135
Related parties 136
Significant event 137
Acquisition of subsidiaries 137
Statement by Directors 140
Statutory Declaration 141
Independent Auditors Report 142
LIST OF PROPERTIES 149
ANALYSIS OF SHAREHOLDINGS 151
NOTICE OF SIXTH ANNUAL GENERAL MEETING 154
NOTICE OF SIXTH ANNUAL GENERAL MEETING 157

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