Chemical Company of Malaysia Berhad Annual Report 2018

INSIDE THIS REPORT FIT FOR FUTURE This cover, featuring a montage of its employees in movie poster style, demonstrates that it is the teamwork and togetherness of its employees that make the company’s 55 years of success possible. With the backing of the team, CCM is fit to take on challenges of the future. ACCOUNTABILITY 60 Corporate Governance Overview Statement 76 Report of the Audit and Compliance Committee 80 Report of the Risk Management Committee 84 Report of the Nomination and Remuneration Committee 86 Report of the Finance and Investment Committee 87 Statement on Risk Management and Internal Control 92 Other Disclosures FINANCIAL STATEMENTS 96 Directors’ Report 100 Statements of Financial Position 102 Statements of Profit or Loss and Other Comprehensive Income 104 Statements of Changes in Equity 110 Statements of Cash Flows 114 Notes to the Financial Statements 195 Statement by Directors 195 Statutory Declaration 196 Independent Auditor’s Report OTHER INFORMATION 202 Analysis of Shareholdings 205 List of Properties 206 Notice of Annual General Meeting 211 Statement Accompanying the Notice of the Fifty-Seventh (57 th ) Annual General Meeting of Chemical Company of Malaysia Berhad Proxy Form PERFORMANCE REVIEW 4 Financial Calendar 5 Financial Review 6 Financial Highlights 8 Group Financial Ratios 10 Chairman’s Statement 16 Group Managing Director’s Management Discussion and Analysis 24 Sustainability Statement 32 Key Highlights CORPORATE DISCLOSURES 36 Corporate Information 37 Board and Management Structure 38 Group Structure 40 Board of Directors 51 Senior Management