Table of Contents 1 173

PRG Holdings Berhad Annual Report 2017

PRG ANNUAL REPORT 2017 1
TABLE OF CONTENTS 2
CORPORATE PROFILE 4
PRG VALUES 5
CORPORATE INFORMATION 6
CORPORATE STRUCTURE 8
GROUP FINANCIAL HIGHLIGHTS 10
CHAIRMAN’s STATEMENT 12
GROUP MANAGING DIRECTOR'S MANAGEMENT DISCUSSION AND ANALYSIS 16
PRG IN THE NEWS 22
PRG EVENTS 24
BOARD OF DIRECTORS 26
DIRECTORS' PROFILE 28
MANAGEMENT TEAM 36
SUSTAINABILITY REPORT 39
CORPORATE GOVERNANCE OVERVIEW STATEMENT 46
STATEMENT ON RISK MANAGEMENT AND INTERNAL CONTROL 51
REPORT ON THE AUDIT COMMITTEE 54
REPORT ON THE REMUNERATION COMMITTEE 57
REPORT ON THE NOMINATION COMMITTEE 59
FINANCIAL STATEMENT 61
DIRECTORS’ REPORT 62
STATEMENT BY DIRECTORS 68
STATUTORY DECLARATION 68
INDEPENDENT AUDITORS’ REPORT 69
STATEMENTS OF FINANCIAL POSITION 75
STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME 77
STATEMENTS OF CHANGES IN EQUITY 78
STATEMENTS OF CASH FLOWS 81
NOTES TO THE FINANCIAL STATEMENTS 83
1. CORPORATE INFORMATION 83
2. PRINCIPAL ACTIVITIES 83
3. BASIS OF PREPARATION 83
2. PRINCIPAL ACTIVITIES 83
4. SIGNIFICANT ACCOUNTING POLICIES 83
5. ADOPTION OF NEW FRSs AND AMENDMENTS TO FRSs 101
6. SIGNIFICANT ACCOUNTING ESTIMATES AND JUDGEMENTS 103
7. PROPERTY, PLANT AND EQUIPMENT 105
8. INTANGIBLE ASSETS 108
9. INVESTMENTS IN SUBSIDIARIES 109
10. INVESTMENTS IN ASSOCIATES 117
11. INVESTMENT IN A JOINT VENTURE 119
12. DEFERRED TAX (ASSETS)/LIABILITIES 121
13. TRADE AND OTHER RECEIVABLES 122
14. PROPERTY DEVELOPMENT COSTS 126
15. AMOUNTS DUE FROM/(TO) CUSTOMERS FOR CONTRACT WORKS 127
16. INVENTORIES 127
17. CASH AND BANK BALANCES 128
18. SHARE CAPITAL AND TREASURY SHARES 129
19. RESERVES 131
20. BORROWINGS 132
21. TRADE AND OTHER PAYABLES 134
22. COMMITMENTS 135
23. CONTINGENT LIABILITIES 136
24. REVENUE 136
25. PROFIT BEFORE TAX 137
26. TAX EXPENSE 138
27. EARNINGS PER ORDINARY SHARE 140
28. DIVIDENDS 140
29. EMPLOYEE BENEFITS 141
30. RELATED PARTY DISCLOSURES 141
31. OPERATING SEGMENTS 142
32. FINANCIAL INSTRUMENTS 145
33. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES 151
34. SIGNIFICANT EVENT DURING THE FINANCIAL YEAR 159
35. SIGNIFICANT EVENTS SUBSEQUENT TO THE END OF THE REPORTING PERIOD 159
LIST OF GROUP PROPERTIES 160
ANALYSIS OF SHAREHOLDINGS 162
ANALYSIS OF WARRANTS HOLDINGS 164
NOTICE OF SEVENTEENTH ANNUAL GENERAL MEETING 166
PROXY FORM 171

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