Table of Contents 1 164

ENRA Group Berhad Annual Report 2020

ENRA Annual Report 2020 1
CORPORATE INFORMATION 4
CORPORATE STRUCTURE 5
FIVE-YEAR FINANCIAL HIGHLIGHTS 6
CHAIRMAN’S STATEMENT 8
BOARD OF DIRECTORS PROFILE 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’ RESPONSIBILITIES 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 73
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 74
STATEMENT OF CHANGES IN EQUITY 75
STATEMENT OF CASH FLOWS 76
NOTES TO THE FINANCIAL STATEMENTS 80
CORPORATE INFORMATION 80
PRINCIPAL ACTIVITIES 80
BASIS OF PREPARATION 80
PROPERTY, PLANT AND EQUIPMENT 81
RIGHT-OF-USE ASSETS AND LEASE LIABILITIES 85
INVESTMENT IN A JOINT VENTURE 89
INVESTMENTS IN SUBSIDIARIES 90
INVESTMENT IN AN ASSOCIATE 98
INTANGIBLE ASSETS 99
GOODWILL ON CONSOLIDATION 100
DEFERRED TAXATION 102
INVENTORIES 103
TRADE AND OTHER RECEIVABLES 105
CONTRACT ASSETS 109
DERIVATIVE ASSETS 109
CASH AND BANK BALANCES AND SHORT TERM FUNDS 110
DISPOSAL GROUP HELD FOR SALE 111
SHARE CAPITAL 112
REDEEMABLE CONVERTIBLE PREFERENCE SHARES 112
TREASURY SHARES 113
NON-DISTRIBUTABLE RESERVES 113
TRADE AND OTHER PAYABLES 114
BORROWINGS 116
BANK OVERDRAFTS 116
TERM LOANS 117
OTHER BORROWINGS 118
REVENUE 118
COST OF SALES 122
FINANCE COSTS 122
PROFIT/(LOSS) BEFORE TAX 123
TAX EXPENSE 124
DISCONTINUED OPERATIONS 125
EARNINGS PER ORDINARY SHARE 127
DIVIDENDS 127
EMPLOYEE BENEFITS 128
COMMITMENTS 128
CONTINGENT LIABILITIES 128
RELATED PARTY DISCLOSURES 129
OPERATING SEGMENTS 130
FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES 139
SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR 145
SIGNIFICANT EVENTS SUBSEQUENT TO THE END OF THE REPORTING PERIOD 147
ADOPTION OF NEW MFRSS AND AMENDMENTS TO MFRSs 149
PROPERTIES OWNED BY ENRA GROUP 150
ANALYSIS OF SHAREHOLDINGS 152
NOTICE OF ANNUAL GENERAL MEETING 155
STATEMENT ACCOMPANYING NOTICE OF 28TH ANNUAL GENERAL MEETING 160

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