Table of Contents 1 137

Kimlun Corporation Berhad Annual Report 2018

ANNUAL REPORT 2018 1
CONTENTS 3
CORPORATE INFORMATION 4
CORPORATE STRUCTURE 5
CORPORATE MILESTONES 6
PROFILE OF DIRECTORS AND KEY SENIOR MANAGEMENT 8
GROUP FINANCIAL HIGHLIGHTS 12
CHAIRMAN’S STATEMENT 13
MANAGEMENT DISCUSSION AND ANALYSIS 16
SUSTAINABILITY STATEMENT 26
CORPORATE GOVERNANCE OVERVIEW STATEMENT 33
ADDITIONAL COMPLIANCE INFORMATION DISCLOSURES 44
AUDIT COMMITTEE REPORT 46
STATEMENT ON RISK MANAGEMENT AND INTERNAL CONTROL 49
STATEMENT ON DIRECTORS’ RESPONSIBILITY 54
FINANCIAL STATEMENTS 55
DIRECTORS' REPORT 56
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 68
STATEMENTS OF CASH FLOWS 73
NOTES TO THE FINANCIAL STATEMENTS 75
1. Corporate information 75
2. Summary of significant accounting policies 75
3. Significant accounting judgements and estimates 90
4. Revenue 91
5. Other operating income 92
6. Finance costs 92
7. Profit before tax 93
8. Employee benefits expenses 93
9. Directors' remuneration 94
10. Income tax expense 94
11. Earnings per share 96
12. Property, plant and equipment 97
13. Investment properties 98
14. Other investments 98
15. Investment in subsidiaries 99
16. Investment in joint ventures 100
17. Properties held for sale 101
18. Land held for development and development properties 102
19. Inventories 103
20. Trade and other receivables 103
21. Cash and bank balances 105
22. Loans and borrowings 106
23. Trade and other payables 108
24. Deferred tax liabilities/(assets) 109
25. Share capital, share premium and treasury shares 110
26. Retained earnings 111
27. Other reserves 111
28. Related party disclosures 112
29. Commitments 113
30. Fair value 114
31. Financial risk management objectives and policies 115
32. Capital management 117
33. Segment information 117
34. Dividends 120
35. Authorisation of financial statements for issue 120
ANALYSIS OF SHAREHOLDINGS 121
ANALYSIS OF WARRANT HOLDINGS 123
LIST OF PROPERTIES 125
NOTICE OF TENTH (10TH) ANNUAL GENERAL MEETING 127
PROXY FORM 134

RkJQdWJsaXNoZXIy NDgzMzc=