Table of Contents 1 217

Chemical Company of Malaysia Berhad Annual Report 2018

ANNUAL REPORT 2018 1
OUR VISION & MISSION 2
INSIDE THIS REPORT 3
Performance Review 5
Financial Calendar 6
Financial Review 7
Financial Highlights 8
Group Financial Ratios 10
Chairman’s Statement 12
Group Managing Director’s Management Discussion and Analysis 18
Sustainability Statement 26
Key Highlights 34
Corporate Disclosures 37
Corporate Information 38
Board and Management Structure 39
Group Structure 40
Board of Directors 42
Senior Management 53
Accountability 61
Corporate Governance Overview Statement 62
Report of the Audit and Compliance Committee 78
Report of the Risk Management Committee 82
Report of the Nomination and Remuneration Committee 86
Report of the Finance and Investment Committee 88
Statement on Risk Management and Internal Control 89
Other Disclosures 94
Financial Statements 97
Directors’ Report 98
Statements of Financial Position 102
Statements of Profit or Loss and Other Comprehensive Income 104
Statements of Changes in Equity 106
Statements of Cash Flows 112
Notes to the Financial Statements 116
1. BASIS OF PREPARATION 116
2. SIGNIFICANT ACCOUNTING POLICIES 118
3. PROPERTY, PLANT AND EQUIPMENT 138
4. INVESTMENT PROPERTIES 142
5. INTANGIBLE ASSETS 145
6. INVESTMENTS IN SUBSIDIARIES 147
7. INVESTMENT IN ASSOCIATE 149
8. OTHER INVESTMENTS 151
9. DEFERRED TAX (ASSETS)/LIABILITIES 152
10. TRADE AND OTHER RECEIVABLES 154
11. INVENTORIES 155
12. CASH AND CASH EQUIVALENTS 155
13. ASSETS CLASSIFIED AS HELD FOR SALE 155
14. CAPITAL AND RESERVES 156
15. LOANS AND BORROWINGS 158
16. PROVISION 161
17. TRADE AND OTHER PAYABLES 162
18. REVENUE 162
19. TAX EXPENSE 165
20. DISCONTINUED OPERATION 166
21. PROFIT FOR THE YEAR 167
22. EARNINGS/(LOSS) PER ORDINARY SHARE 168
23. DIVIDENDS 169
24. OPERATING SEGMENTS 170
25. FINANCIAL INSTRUMENTS 173
26. CAPITAL MANAGEMENT 189
27. OPERATING LEASES 189
28. CAPITAL AND OTHER COMMITMENTS 190
29. RELATED PARTIES 190
30. KEY MANAGEMENT PERSONNEL COMPENSATION 191
31. SIGNIFICANT CHANGES IN ACCOUNTING POLICIES 192
32. SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR 196
Statement by Directors 197
Independent Auditors’ Report 198
Other Information 203
Analysis of Shareholdings 204
List of Properties 207
Notice of Annual General Meeting 208
Statement Accompanying the Notice of the Fifty-Seventh (57th)Annual General Meeting of Chemical Company of Malaysia Berhad 213
ProxyForm 215

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