Tropicana Corporation Berhad Annual Report 2019

47,129,475 33,482,110 30,836,568 FY17 FY18 FY19 Tropicana Building Materials ECONOMIC As one of the leading players in the industry, we are highly aware of the role we hold in contributing to the nation’s economic growth. Our diverse portfolio of developments coupled with our unique Tropicana’s DNA creates lifestyles and harmonious communities that can uplift Malaysia’s living standards. In 2019, supported by our stakeholders’ confidence and a passionate team of leaders with the goal of delivering services excellence beyond customer expectations, we continue to pave our way as one of the leading property developers in Malaysia and continue to expand our growth into the international market. For the financial year end, the Group generated a revenue of RM1.14 billion and garnered a profit attributable to owners of the parent at RM320.76 million. Despite the challenging market for the industry, we showcase our resilience by consistently delivering results that continues to instill stakeholder confidence as illustrated below: Boosting Local Businesses We strongly advocate fair and transparent business practices that contribute towards uplifting the local economy. More than 95% of suppliers engaged by our Group Procurement and Tropicana Building Materials department are sourced from local businesses that adhere to the Group’s product quality expectations, cost effectiveness and business ethics standards. Not only does the Group sees value in prioritising local hiring to stimulate Malaysia’s economic growth, this mindset promotes sustainable environmental practices by reducing cross-country travel which would incur higher carbon emissions and costs. Economic Pillar Enhancing Economic Performance Responsible Procurement Practices To achieve long-term business growth that benefits current and future stakeholders alike. To ensure transparency, fairness, accountability and impartiality throughout the entire procurement process. Ensure sustainable returns for stakeholders and enhancing the value of the Group’s business portfolio. Playing a role in uplifting the nation’s local economy and improving local employment  opportunities. ENHANCING ECONOMIC PERFORMANCE Prioritising Local Suppliers • Net Operating Income RM636.19mil • Share of Profits of Associate and Joint Ventures RM12.08mil • Reinvestment and Growth (Depreciation and amortisation, retained income) RM279.67mil • Government (Corporate taxation) RM28.14mil • Employees (Salaries and other staff costs) RM167.90mil • Providers of Capital (Dividends, finance costs, holders of perpetual bonds and non-controlling interests) RM172.56mil Total Value Added (RM’mil) 648.27 RESPONSIBLE PROCUREMENT PRACTICES Focus Area Material Sustainability Matters Importance to Tropicana Value Creation Amount Spent On Local Suppliers (RM) Group Procurement 5,486,647 12,950,634 16,067,161 FY17 FY18 FY19 Sustainability at Tropicana What We’ve Governed Financial Statements & Other Information pg 63 Tropicana Corporation Berhad Annual Report 2019