Table of Contents
1
211
Wah Seong Corporation Berhad Annual Report 2017
WORLD WIDE OPERATION
4
CORPORATE PROFILE
5
CORPORATEI NFORMATION
6
FINANCIAL HIGHLIGHTS
7
CORPORATE CALENDAR
8
SUSTAINABILITY STATEMENT
10
MANAGEMENT DISCUSSION AND A NALYSIS
20
PROFILE OF THE B OARD OF DIRECTORS
26
PROFILE OF THE KEY SENIOR MANAGEMENT
29
AUDIT COMMITTEE
32
REMUNERATION COMMITTEE
36
NOMINATION COMMITTEE
39
CORPORATE GOVERNANCE OVERVIEW STATEMENT
43
ADDITIONAL COMPLIANCE INFORMATION
60
STATEMENT ON RISK MANAGEMENT AND INTERNAL CONTROL
61
STATEMENT OF DIRECTORS’ RESPONSIBILITY
64
FINANCIAL STATEMENTS
65
DIRECTORS’ REPORT
66
STATEMENT BY DIRECTORS
71
STATUTORY DECLARATION
71
INDEPENDENT AUDITORS’ REPORT
72
STATEMENTS OF FINANCIAL POSITION
77
STATEMENTS OF PROFIT OR LOSS
79
STATEMENTS OF OTHER COMPREHENSIVE INCOME
80
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
81
COMPANY STATEMENT OF CHANGES IN EQUITY
83
STATEMENTS OF CASH FLOWS
84
NOTES TO THE FINANCIAL STATEMENTS
88
GENERAL INFORMATION
88
SIGNIFICANT ACCOUNTING POLICIES
88
CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
110
PROPERTY, PLANT AND EQUIPMENT
111
PREPAID LEASE PAYMENTS
117
INVESTMENT PROPERTIES
118
INVESTMENT IN SUBSIDIARIES
119
INVESTMENT IN ASSOCIATES
133
INVESTMENT IN JOINT VENTURES
139
FINANCE LEASE RECEIVABLES
146
AVAILABLE-FOR-SALE FINANCIAL ASSETS
146
DERIVATIVE FINANCIAL ASSETS
147
GOODWILL AND OTHER INTANGIBLE ASSETS
148
DEFERRED TAX ASSETS/(LIABILITIES)
150
INVENTORIES
152
AMOUNTS DUE FROM/(TO) CUSTOMERS ON CONTRACTS
152
TRADE AND OTHER RECEIVABLES
153
AMOUNTS OWING BY/(TO) SUBSIDIARIES
156
AMOUNTS OWING BY/(TO) ASSOCIATES
157
AMOUNTS OWING BY/(TO) JOINT VENTURES
159
TIME DEPOSITS
161
CASH AND BANK BALANCES
162
ASSETS CLASSIFIED AS HELD FOR SALE
162
SHARE CAPITAL
163
SHARE PREMIUM
163
TREASURY SHARES
164
LOANS AND BORROWINGS
165
TRADE AND OTHER PAYABLES
168
PROVISION FOR WARRANTIES
169
GROSS REVENUE
170
COST OF SALES
170
OTHER (LOSSES)/GAINS - NET
170
PROFIT/(LOSS) FROM OPERATIONS
171
FINANCE COSTS
172
TAX EXPENSE
172
EARNINGS/(LOSS) PER SHARE ATTRIBUTABLE TO OWNERS OF THE COMPANY
173
DIVIDENDS
174
DISPOSAL OF SUBSIDIARIES
174
RECONCILIATION OF LIABILITIES ARISING FROM FINANCING ACTIVITIES
175
SIGNIFICANT RELATED PARTY DISCLOSURES
175
STAFF COSTS
177
DIRECTORS’ REMUNERATIONS
178
COMMITMENTS
178
SEGMENTAL ANALYSIS
179
FINANCIAL INSTRUMENTS BY CATEGORY
185
FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES
186
FAIR VALUES OF FINANCIAL INSTRUMENTS
190
CAPITAL MANAGEMENT
192
SUMMARY OF SIGNIFICANT RECURRENT RELATED PARTY TRANSACTIONS
193
TOP 10 LIST OF PROPERTIES
195
ANALYSIS OF SHAREHOLDINGS
197
NOTICE OF EIGHTEENTH ANNUAL GENERAL MEETING
200
STATEMENT ACCOMPANYING NOTICE OF EIGHTEENTH ANNUAL GENERAL MEETING
207
Made with FlippingBook
RkJQdWJsaXNoZXIy NDgzMzc=