Wah Seong Corporation Berhad Annual Report 2017

ABOUT US WAH SEONG CORPORATION BERHAD ANNUAL REPORT 2017 1 TABLE OF CONTENTS ABOUT US 2 Worldwide Operation 3 Corporate Profile 4 Corporate Information THE YEAR IN BRIEF 5 Financial Highlights 6 Corporate Calendar 8 Sustainability Statement FROM THE BOARD OF DIRECTORS AND KEY SENIOR MANAGEMENT 18 Management Discussion And Analysis 24 Profile of the Board of Directors 27 Profile of the Key Senior Management GOVERNANCE 30 Audit Committee 34 Remuneration Committee 37 Nomination Committee 41 Corporate Governance Overview Statement 58 Additional Compliance Information 59 Statement on Risk Management and Internal Control 62 Statement of Directors’ Responsibility FINANCIAL STATEMENTS 64 Directors’ Report 69 Statement by Directors 69 Statutory Declaration 70 Independent Auditors’ Report 75 Statements of Financial Position 77 Statements of Profit or Loss 78 Statements of Other Comprehensive Income 79 Consolidated Statement of Changes in Equity 81 Company Statement of Changes in Equity 82 Statements of Cash Flows 86 Notes to the Financial Statements ADDITIONAL INFORMATION 191 Summary of Significant Recurrent Related Party Transactions 193 Top 10 List of Properties 195 Analysis of Shareholdings 198 Notice of Eighteenth Annual General Meeting 205 Statement Accompanying Notice of Eighteenth Annual General Meeting • Proxy Form