Table of Contents 1 116

Ni Hsin Berhad Annual Report 2018

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	12
Key Senior Management Profile	15
Corporate Governance Overview Statement	18
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
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
Basis of preparation	50
Significant accounting policies	52
Property, plant and equipment	67
Investment property	68
Goodwill	70
Investments in subsidiaries	70
Deferred tax assets/(liabilities)	72
Inventories	74
Other investments	74
Trade and other receivables	74
Cash and cash equivalents	75
Share capital and reserves	75
Loans and borrowings	76
Trade and other payables	77
Revenue	78
Finance costs	78
Tax expense	79
Profit for the year	80
Other comprehensive income/(expense)	81
Earnings/(Loss) per ordinary share	81
Employee benefits	82
Operating segments	82
Financial instruments	86
Capital management	97
Operating leases	98
Capital and other commitments	98
Related parties	98
Subsequent events	100
Statement by Directors	101
Statutory declaration	101
Independent auditors’ report	102

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