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Wasco Berhad Integrated Annual Report 2024

WASCO - AR2024 1
Overview of Wasco Berhad 6
Who We Are 6
Where We Operate + What We Do 8
Corporate Information 10
2024 Key Performance Highlights 12
Key Messages 14
Chairman and Managing Director/ Group Chief Executive Officer’s Statement 14
Chief Financial Officer’s Review 20
Financial Highlights 26
Value Creation 28
Value Creation Model 28
Key Market Trends 35
Strategic Roadmap & Progress 38
Key Risk and Mitigation Strategies 41
Sustainability Journey 46
Chief Strategy Officer’s Statement 46
About This Report 48
Sustainability Across Our Operations 50
Stakeholder Engagement 55
Managing Our Material Matters 58
Sustainability Risks Management 60
Targets and Performance/Performance Scorecard 62
Governance 63
Economic 65
Environmental 68
Social 88
ESG Performance Data 103
Bursa Malaysia Sustainability Reporting Data 106
Statement of Assurance 108
Commitment to Governance 113
Profile of Board of Directors 113
Profile of Key Senior Management Team 122
Audit Committee Report 128
Nomination and Remuneration Committee 134
Board Sustainability Committee 140
Corporate Governance Overview Statement 145
Additional Compliance Information 165
Statement on Risk Management and Internal Control 166
Statement of Director’s Responsibility 169
Financial Statements 171
Directors’ Report 171
Statement by Directors 175
Statutory Declaration 175
Independent Auditors’ Report 176
Statements of Financial Position 181
Statements of Profit or Loss 183
Statements of Other Comprehensive Income 184
Consolidated Statement of Changes in Equity 185
Company Statement of Changes in Equity 187
Statements of Cash Flows 188
Notes to the Financial Statements 191
Other Information 303
Summary of Significant Recurrent Related Party Transactions 303
Top 10 List of Properties 304
Analysis of Shareholdings 306
Notice of Twenty-Fifth Annual General Meeting 310
Statement Accompanying Notice of Twenty-Fifth Annual General Meeting 316

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