Table of Contents 1 148

GHL System Berhad Annual Report 2017

Annual Report 2017 1
CONTENTS 2
Vision & Mission 3
Corporate Profile 4
Corporate Structure 5
Corporate Information 7
Financial Highlights 9
Key Performance Indicators 10
Chairman's Statement 11
Management Discussion And Analysis 15
Directors’ Profile 23
Key Senior Management 28
Corporate Directory 31
Corporate Governance Overview Statement 32
Audit And Risk Committee Report 43
Statement On Risk Management Internal Control 48
Sustainability Statement 53
Additional Compliance To Bursa Listing Requirements 55
CONTENTS (Financial Statements) 56
Directors' Report 56
Statement By Directors 63
Statutory Declaration 63
Independent Auditors’ Report 64
Statements Of Profit Or Loss And Other Comprehensive Income 68
Statements Of Financial Position 69
Statements Of Changes In Equity 71
Statements Of Cash Flows 74
Notes To The Financial Statements 77
1. CORPORATE INFORMATION 77
2. PRINCIPAL ACTIVITIES 77
3. BASIS OF PREPARATION 77
4. OPERATING SEGMENT 77
5. REVENUE 80
6. PROFIT BEFORE TAX 81
7. EMPLOYEE BENEFITS 82
8. TAX EXPENSE 82
9. EARNINGS PER SHARE 84
10. DIVIDENDS 84
11. PROPERTY, PLANT AND EQUIPMENT 85
12. INTANGIBLE ASSETS 90
13. GOODWILL 92
14. INVESTMENTS IN SUBSIDIARIES 93
15. INVESTMENTS IN JOINT VENTURES 98
16. AVAILABLE-FOR-SALE INVESTMENTS 99
17. DEFERRED TAX 100
18. INVENTORIES 103
19. TRADE AND OTHER RECEIVABLES 104
20. CASH AND BANK BALANCES 108
21. SHARE CAPITAL 110
22. RESERVES 115
23. BORROWINGS 116
24. HIRE PURCHASE CREDITORS 121
25. DEFERRED INCOME 121
26. TRADE AND OTHER PAYABLES 122
27. CONTINGENT LIABILITIES 124
28. COMMITMENTS 124
29. RELATED PARTIES DISCLOSURES 125
30. CAPITAL AND FINANCIAL RISK MANAGEMENT 127
31. SIGNIFICANT EVENT DURING THE FINANCIAL YEAR 129
32. SIGNIFICANT EVENTS SUBSEQUENT TO THE END OF THE REPORTING PERIOD 129
33. ADOPTION OF NEW MFRSs AND AMENDMENT TO MFRSs 130
List Of Properties 132
Shareholdings Statistics 133
Notice Of Twenty-Fourth Annual General Meeting 136
Statement To Shareholders 140

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