Table of Contents 1 131

Kimlun Corporation Berhad Annual Report 2017

ANNUAL REPORT 2017 1
CONTENTS 2
Corporate Information 3
Corporate Structure 4
Corporate Milestones 5
Profile Of Directors And Key Senior Management 7
Group Financial Highlights 11
Chairman's Statement 12
Management Discussion And Analysis 16
General Sustainability Statement 27
Corporate Governance Overview Statement 34
Audit Committee Report 48
Statement On Risk Management And Internal Control 51
Statement On Directors' Responsibility 55
CONTENTS (Financial Statement) 56
Directors' Report 57
Statement by directors 61
Statutory declaration 61
Independent Auditors' Report 62
Statements Of Comprehensive Income 66
Statements Of Financial Position 67
Statements Of Changes In Equity 69
Statements Of Cash Flow 72
Notes To The Financial Statements 74
1. Corporate information 74
2. Summary of significant accounting policies 74
3. Significant accounting judgements and estimates 87
4. Revenue 88
5. Other operating income 89
6. Finance costs 89
7. Profit before tax 89
8. Employee benefits expenses 90
9. Directors’ remuneration 90
10. Income tax expense 91
11. Earnings per share 92
12. Property, plant and equipment 93
13. Investment properties 94
14. Other investments 94
15. Investment in subsidiaries 95
16. Investment in joint ventures 96
17. Properties held for sale 99
18. Land held for property development and property development costs 99
19. Inventories 100
20. Trade and other receivables 101
21. Other current assets 103
22. Gross amount due from/(to) customers for contract work-in-progress 103
23. Cash and bank balances 104
24. Loans and borrowings 104
25. Trade and other payables 106
26. Other current liability 106
27. Deferred tax liabilities/(assets) 107
28. Share capital, share premium and treasury shares 107
29. Retained earnings 108
30. Other reserves 108
31. Related party disclosures 109
32. Commitments 110
33. Fair value 111
34. Financial risk management objectives and policies 112
35. Capital management 114
36. Segment Information 115
37. Dividends 116
38. Authorisation of financial statements for issue 117
Analysis of Shareholdings 118
Analysis of Warrant Holdings 120
List Of Properties 122
Notice Of Ninth (9th) Annual General Meeting 124
Proxy Form 130

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