Table of Contents 1 197

ENRA Group Berhad Annual Report 2021

ENRA Annual Report 2021 1
Corporate Information 4
Corporate Structure 5
Five-Year Financial Highlights 7
Chairman’s Statement 9
Board of Directors’ Profile 11
Key Senior Management’s Profile 17
Management Discussion and Analysis 18
Corporate Governance Overview Statement 24
Sustainability Report 29
Audit and Risk Management Committee Report 71
Statement on Risk Management and Internal Control 74
Additional Compliance Information 79
Statement of Directors’ Responsibilities 83
Financial Statements 84
Directors’ Report 85
Statement by Directors 92
Statutory Declaration 92
Independent Auditors’ Report 93
Statements of Financial Position 99
Statements of Profit or Loss and Other Comprehensive Income 101
Consolidated Statement of Changes in Equity 103
Statement of Changes in Equity 105
Statements of Cash Flows 106
Notes to the Financial Statements 110
CORPORATE INFORMATION 110
PRINCIPAL ACTIVITIES 110
BASIS OF PREPARATION 110
PROPERTY, PLANT AND EQUIPMENT 111
RIGHT-OF-USE ASSETS AND LEASE LIABILITIES 115
INVESTMENT IN A JOINT VENTURE 121
INVESTMENTS IN SUBSIDIARIES 122
INVESTMENT IN AN ASSOCIATE 132
INTANGIBLE ASSETS 133
GOODWILL ON CONSOLIDATION 134
DEFERRED TAXATION 135
INVENTORIES 137
TRADE AND OTHER RECEIVABLES 139
CONTRACT ASSETS 144
DERIVATIVE ASSETS/(LIABILITY) 145
CASH AND BANK BALANCES AND SHORT TERM FUNDS 146
SHARE CAPITAL 147
REDEEMABLE CONVERTIBLE PREFERENCE SHARES 148
TREASURY SHARES 149
NON-DISTRIBUTABLE RESERVES 149
TRADE AND OTHER PAYABLES 150
BORROWINGS 152
BANK OVERDRAFTS 152
TERM LOANS 153
OTHER BORROWINGS 154
REVENUE 154
COST OF SALES 157
FINANCE COSTS 158
(LOSS)/PROFIT BEFORE TAX 158
TAX EXPENSE 159
WARRANTS 2020/2025 160
(LOSS)/EARNINGS PER ORDINARY SHARE 161
DIVIDENDS 162
EMPLOYEE BENEFITS 162
CAPITAL COMMITMENTS 163
CONTINGENT LIABILITIES 163
RELATED PARTY DISCLOSURES 164
OPERATING SEGMENTS 165
FINANCIAL INSTRUMENTS 170
FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES 174
SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR 183
ADOPTION OF NEW MFRSs AND AMENDMENTS TO MFRSs 187
FINANCIAL REPORTING UPDATES 188
Properties owned by ENRA Group 189
Analysis of Shareholdings 191
Analysis of Warrantholdings 194

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