Table of Contents 1 170

GHL System Berhad Annual Report 2018

Annual Report 2018 1
CONTENTS 2
Vision, Mission And Core Values 3
Corporate profile 4
Corporate structure 5
Corporate information 7
Financial highlights 9
Key Performance Indicators 10
Management Discussion And Analysis 11
Directors’ Profile 19
Key Senior Managements' Profile 25
Corporate directory 28
Corporate Governance Overview Statement 29
Audit and risk committee report 40
Statement on risk management and internal control 44
Other Statements and Disclosures 50
Sustainability Statement 51
CONTENTS (Financial Statements) 58
DIRECTORS' REPORT 58
STATEMENT BY DIRECTORS 65
STATUTORY DECLARATION 65
INDEPENDENT AUDITORS’ REPORT 66
STATEMENTS OF PROFIT OR LOSS ANDOTHER COMPREHENSIVE INCOME 71
STATEMENTS OF FINANCIAL POSITION 72
STATEMENTS OF CHANGES IN EQUITY 74
STATEMENTS OF CASH FLOWS 78
NOTES TO THE FINANCIAL STATEMENTS 81
1. CORPORATE INFORMATION 81
2. PRINCIPAL ACTIVITIES 81
3. BASIS OF PREPARATION 81
4. OPERATING SEGMENT 81
5. REVENUE 84
6. PROFIT BEFORE TAX 86
7. EMPLOYEE BENEFITS 87
8. DIRECTORS’ REMUNERATION 87
9. TAX EXPENSE 88
10. EARNINGS PER SHARE 90
11. DIVIDENDS 90
12. PROPERTY, PLANT AND EQUIPMENT 91
13. INTANGIBLE ASSETS 96
14. GOODWILL 98
15. INVESTMENTS IN SUBSIDIARIES 100
16. INVESTMENTS IN JOINT VENTURES AND AN ASSOCIATE 109
17. AVAILABLE-FOR-SALE INVESTMENTS 111
18. OTHER INVESTMENT 112
19. DEFERRED TAX 113
20. INVENTORIES 116
21. TRADE AND OTHER RECEIVABLES 117
22. CASH AND BANK BALANCES 122
23. SHARE CAPITAL 124
24. RESERVES 129
25. BORROWINGS 130
26. HIRE PURCHASE CREDITORS 135
27. DEFERRED INCOME 135
28. TRADE AND OTHER PAYABLES 136
29. CONTINGENT LIABILITIES 138
30. COMMITMENTS 139
31. RELATED PARTIES DISCLOSURES 140
32. CAPITAL AND FINANCIAL RISK MANAGEMENT 142
33. SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR 144
34. SIGNIFICANT EVENTS SUBSEQUENT TO THE END OF THE REPORTING PERIOD 145
35. ADOPTION OF NEW MFRSs AND AMENDMENTS TO MFRSs 145
LIST OF PROPERTIES 151
ANALYSIS OF SHAREHOLDINGs 152
NOTICE OF TWENTY-FIFTH ANNUAL GENERAL MEETING 155
STATEMENT TO SHAREHOLDERS 159
PROXY FORM 168

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