Table of Contents
1
210
Yinson Annual Report 2018
YINSON ANNUAL REPORT 2018
1
WHAT’S INSIDE
3
CORPORATE OVERVIEW
4
About Yinson
6
Corporate Information
8
Company Strategies
8
Our Global Presence
9
Our Assets
10
Our Growth Over the Years
12
Key Events
14
Group Financial Highlights
16
STEWARDSHIP
20
Board of Directors
22
Directors’ Profile
24
Key Management
32
Key Management’s Profile
34
Chairman’s Statement
38
Management Discussion and Analysis
42
Sustainability Statement
52
GOVERNANCE
62
Corporate Governance Overview Statement
64
Statement on Risk Management and Internal Control
78
Report on Audit Committee
84
Statement on Directors’ Responsibility
87
ACCOUNTABILITY
88
Directors’ Report
90
Statement by Directors
96
Statutory Declaration
96
Income Statements
97
Statements of Comprehensive Income
98
Statements of Financial Position
99
Statements of Changes in Equity
101
Statements of Cash Flows
104
Notes to the Financial Statements
107
1. CORPORATE INFORMATION
107
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
107
3. STANDARDS, AMENDMENTS TO PUBLISHED STANDARDS AND INTERPRETATIONS, WHICH AREAPPLICABLE AND ADOPTED BY THE GROUP AND THE COMPANY
128
4. STANDARDS, AMENDMENTS TO PUBLISHED STANDARDS AND INTERPRETATIONS TO EXISTINGSTANDARDS THAT ARE APPLICABLE TO THE GROUP AND THE COMPANY BUT NOT YET EFFECTIVE
128
5. CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
132
6. REVENUE
134
7. COST OF SALES
135
8. OTHER INCOME
135
9. ADMINISTRATIVE EXPENSES
136
10. EMPLOYEE BENEFITS EXPENSE
136
11. DIRECTORS’ REMUNERATION
137
12. FINANCE COSTS
138
13. INCOME TAX EXPENSE
138
14. EARNINGS PER SHARE
140
15. DIVIDENDS
141
16. PROPERTY, PLANT AND EQUIPMENT
142
17. INVESTMENT PROPERTIES
146
18. INTANGIBLE ASSETS
147
19. INVESTMENT IN SUBSIDIARIES
148
20. INVESTMENT IN JOINT VENTURES
151
21. INVESTMENT IN ASSOCIATES
156
22. OTHER INVESTMENTS
158
23. INVENTORIES
158
24. TRADE AND OTHER RECEIVABLES
159
25. OTHER ASSETS
162
26. CASH AND BANK BALANCES
162
27. SHARE CAPITAL
163
28. TREASURY SHARES
164
29. EMPLOYEE SHARE SCHEME
164
30. RESERVES
165
31. RETAINED EARNINGS
166
32. LOANS AND BORROWINGS
166
33. FINANCE LEASES
169
34. UNFAVOURABLE CONTRACTS
170
35. TAX
170
36. TRADE AND OTHER PAYABLES
172
37. DERIVATIVES
173
38. SIGNIFICANT RELATED PARTY DISCLOSURES
173
39. COMMITMENTS
175
40. FAIR VALUE MEASUREMENT
176
41. FINANCIAL INSTRUMENTS BY CATEGORY
178
42. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES
179
43. SEGMENT INFORMATION
183
44. CAPITAL MANAGEMENT
185
45. PERPETUAL SECURITIES
186
46. SUMMARY OF EFFECTS OF ACQUISITION OF COMPANIES
187
47. DISCONTINUED OPERATIONS
188
48. SUBSEQUENT EVENTS
190
49. AUTHORISATION OF FINANCIAL STATEMENTS FOR ISSUE
190
Independent Auditors’ Reportto the Members of Yinson Holdings Berhad
191
Analysis of Shareholdings
196
List of Properties
199
Notice of Annual General Meeting
200
Administrative Details
205
Form of Proxy
207
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