Table of Contents 1 107

Ni Hsin Berhad Annual Report 2017

NIHSIN ANNUAL REPORT 2017 1
CONTENTS 2
Corporate Information 3
Corporate Structure 4
Five-Year Group Financial Highlights 5
Chairman's Statement 7
Management Discussion And Analysis 8
Board of Directors’ Profile 14
Key Senior Management Profile 17
Corporate Governance Overview Statement 19
Additional Compliance Information 25
Audit and Risk Management Committee Report 26
Statement on Risk Management andInternal Control 29
Corporate Sustainability Statement 33
Directors’ Responsibility Statement 37
FINANCIAL STATEMENTS 38
Directors’ report 39
Statements of financial position 43
Statements of profit or loss andother comprehensive income 44
Consolidated statement of changes in equity 45
Statement of changes in equity 47
Statements of cash flows 48
Notes to the financial statements 50
1. Basis of preparation 50
2. Significant accounting policies 53
3. Property, plant and equipment 64
4. Goodwill 65
5. Investments in subsidiaries 66
6. Investment property 68
7. Inventories 69
8. Other investments 70
9. Trade and other receivables 70
10. Cash and cash equivalents 70
11. Share capital and reserves 71
12. Deferred tax assets/(liabilities) 73
13. Loans and borrowings 74
14. Trade and other payables 75
15. Revenue 75
16. Finance costs 75
17. Employee benefits 76
18. Tax expense 76
19. Profit/(Loss) for the year 77
20. Other comprehensive income/(expense) 78
21. Earnings/(Loss) per ordinary share 78
22. Dividends 78
23. Operating segments 79
24. Financial instruments 82
25. Capital management 90
26. Capital and other commitments 90
27. Related parties 91
28. Subsequent event 92
Statement by Directors 93
Statutory Declaration 93
Independent Auditors’ Report 94
Statement of Shareholdings 97
List of Properties 99
Notice of Annual General Meeting 100
Proxy Form 104

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