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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