Table of Contents 1 257

MSM Malaysia Holdings Berhad Annual Report 2020

ANNUAL REPORT 2020 1
TABLE OF CONTENTS 4
ABOUT THIS REPORT 2
CHAIRMAN’S STATEMENT 6
DELIVERING VALUE 10
SIX CAPITALS 10
STRATEGIC PERFORMANCE 11
SHAPING MATERIAL MATTERS 12
LINKING THE CAPITALS & MATERIAL MATTERS TO STRATEGY, SUSTAINABILITY & RISKS 16
MSM OVERVIEW 18
CORPORATE PROFILE 18
CORPORATE MILESTONES 19
CORPORATE STRUCTURE 20
ORGANISATIONAL STRUCTURE 21
CORPORATE INFORMATION 22
KEY MOMENTS 23
AWARDS AND CERTIFICATIONS 24
MANAGEMENT DISCUSSION & ANALYSIS 25
STRATEGIC REVIEW 25
GROUP CHIEF EXECUTIVE OFFICER REVIEW 25
MSM STRATEGY 30
KEY RISKS & MITIGATIONS 32
GLOBAL PRESENCE 33
MARKET LANDSCAPE 35
GROUP FINANCIAL REVIEW 36
BUSINESS REVIEW 38
RAW SUGAR SOURCING & PROCUREMENT 38
OPERATIONAL & REFINING 40
COMMERCIAL & DOWNSTREAM 43
SUPPLY CHAIN MANAGEMENT 45
GROUP FINANCIAL REPORT 47
5-YEAR FINANCIAL SUMMARY 47
STATEMENT OF FINANCIAL POSITION 48
QUARTERLY FINANCIAL PERFORMANCE 49
STATEMENT OF VALUE ADDED 49
SEGMENTAL ANALYSIS 50
SALES ANALYSIS 51
INVESTOR INFORMATION 52
FINANCIAL CALENDAR 54
SUSTAINABILITY REPORT 55
OUR SWEET EES JOURNEY 55
ECONOMIC SUSTAINABILITY 56
ENVIRONMENTAL SUSTAINABILITY 57
SOCIAL SUSTAINABILITY 60
EFFECTIVE LEADERSHIP 70
PROFILE OF DIRECTORS 70
PROFILE OF COMPANY SECRETARY 74
PROFILE OF SENIOR MANAGEMENT 75
CORPORATE GOVERNANCE 77
CORPORATE GOVERNANCE OVERVIEW STATEMENT 77
AUDIT, GOVERNANCE AND RISK COMMITTEE REPORT 94
NOMINATION AND REMUNERATION COMMITTEE REPORT 101
INVESTMENT AND TENDER COMMITTEE REPORT 109
ADDITIONAL COMPLIANCE INFORMATION 111
CORPORATE INTEGRITY 113
STATEMENT ON RISK MANAGEMENT AND INTERNAL CONTROL 115
INTERNAL POLICIES, PROCEDURES AND GUIDELINES 122
BUSINESS CONTINUITYMANAGEMENT 123
FINANCIAL STATMENTS 124
STATEMENT ON DIRECTORS’ RESPONSIBILITIES 124
DIRECTORS’ REPORT 125
STATEMENT BY DIRECTORS 129
STATUTORY DECLARATION 129
INDEPENDENT AUDITORS’ REPORT 130
STATEMENTS OF COMPREHENSIVE INCOME 135
STATEMENTS OF FINANCIAL POSITION 137
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 139
STATEMENTS OF CASH FLOWS 141
NOTES TO THE FINANCIAL STATEMENTS 146
ADDITIONAL INFORMATION 230
ANALYSIS OF SHAREHOLDINGS 230
SUMMARY OF PROPERTIES OWNED 233
SUMMARY OF PROPERTIES LEASED 236
LIST OF TOP 10 PROPERTIES OWNED 237
GROUP CORPORATE DIRECTORY 238
DETAILS OF THE ANNUAL GENERAL MEEETING 239
NOTICE OF ANNUAL GENERAL MEETING 239
STATEMENT ACCOMPANYING NOTICE OF THE 10TH ANNUAL GENERAL MEETING 248
ADMINISTRATIVE DETAILS 249
PROXY FORM 255

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