Table of Contents 1 178

ENRA Group Berhad Annual Report 2019

ENRA ANNUAL REPORT 2019 1
What’s Inside 3
Corporate Information 4
Corporate Structure 5
Five -Year Financial Highlights 6
Chairman’s Statement 8
Board of Directors’ Profiles 9
Key Senior Management Profile 13
Management Discussion and Analysis 16
Corporate Governance Overview Statement 21
Sustainability Report 26
Audit and Risk Management Committee Report 46
Statement On Risk Management And Internal Control 50
Additional Compliance Information 56
Statement of Directors’ Responsibility 57
Financial Section 58
Directors’ Report 59
Statement by Directors 64
Statutory Declaration 64
Independent Auditors’ Report 65
Statements of Financial Position 71
Statements of Profit or Loss and Other Comprehensive Income 74
Consolidated Statement of Changes in Equity 75
Statement of Changes in Equity 76
Statements of Cash Flows 77
Notes to the Financial Statements 81
1. CORPORATE INFORMATION 81
2. PRINCIPAL ACTIVITIES 81
3. BASIS OF PREPARATION 81
4. PROPERTY, PLANT AND EQUIPMENT 82
5. RIGHT-OF-USE ASSETS AND LEASE LIABILITIES 86
6. INVESTMENT IN A JOINT VENTURE 89
7. INVESTMENTS IN SUBSIDIARIES 90
8. INVESTMENT IN AN ASSOCIATE 99
9. INTANGIBLE ASSETS 100
10. GOODWILL ON CONSOLIDATION 101
11. DEFERRED TAXATION 102
12. INVENTORIES 104
13. TRADE AND OTHER RECEIVABLES 104
14. CONTRACT ASSETS 109
15. DERIVATIVE ASSETS 109
16. CASH AND BANK BALANCES AND SHORT TERM FUNDS 110
17. DISPOSAL GROUP HELD FOR SALE 112
18. SHARE CAPITAL 113
19. REDEEMABLE CONVERTIBLE PREFERENCE SHARES 113
20. TREASURY SHARES 114
21. NON-DISTRIBUTABLE RESERVES 114
22. TRADE AND OTHER PAYABLES 115
23. BORROWINGS 116
24. BANK OVERDRAFTS 117
25. HIRE-PURCHASE AND LEASE CREDITORS 118
26. TERM LOANS 118
27. OTHER BORROWINGS 119
28. REVENUE 119
29. COST OF SALES 123
30. FINANCE COSTS 123
31. (LOSS )/PROFIT BEFORE TA X 124
32. TAX EXPENSE 125
33. DISCONTINUED OPERATIONS 126
34. EARNINGS PER ORDINARY SHARE 128
35. DIVIDENDS 128
36. EMPLOYEE BENEFITS 128
37. COMMITMENTS 129
38. CONTINGENT LIABILITIES 129
39. RELATED PARTY DISCLOSURES 130
40. OPERATING SEGMENTS 131
41. FINANCIAL INSTRUMENTS 135
42. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES 142
43. SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR 147
44. SUBSEQUENT EVENTS AFTER THE END OF THE REPORTING PERIOD 149
45. ADOPTION OF NEW MFRSs AND AMENDMENTS TO MFRSs 149
Properties Owned by ENRA Group 164
Analysis of Shareholdings 166
Notice of Annual General Meeting 169
Statement Accompanying Notice Of 27th Annual General Meeting 173
Form of Proxy 175

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