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ENRA Group Berhad Annual Report 2022

ENRA Annual Report 2022 1
CORPORATE INFORMATION 4
CORPORATE STRUCTURE 5
FIVE-YEAR FINANCIAL HIGHLIGHTS 7
CHAIRMAN’S STATEMENT 9
BOARD OF DIRECTORS’ PROFILE 10
KEY SENIOR MANAGEMENT’S PROFILE 14
MANAGEMENT DISCUSSION AND ANALYSIS 15
CORPORATE GOVERNANCE OVERVIEW STATEMENT 20
SUSTAINABILITY REPORT 25
AUDIT AND RISK MANAGEMENT COMMITTEE REPORT 61
STATEMENT ON RISK MANAGEMENT AND INTERNAL CONTROL 65
ADDITIONAL COMPLIANCE INFORMATION 72
STATEMENT OF DIRECTORS’ RESPONSIBILITIES 74
FINANCIAL SECTION 75
DIRECTORS’ REPORT 76
STATEMENT BY DIRECTORS 83
STATUTORY DECLARATION 83
INDEPENDENT AUDITORS’ REPORT 84
STATEMENTS OF FINANCIAL POSITION 90
STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME 92
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 94
STATEMENT OF CHANGES IN EQUITY 96
STATEMENTS OF CASH FLOWS 97
NOTES TO THE FINANCIAL STATEMENTS 101
CORPORATE INFORMATION 101
PRINCIPAL ACTIVITIES 101
BASIS OF PREPARATION 101
PROPERTY, PLANT AND EQUIPMENT 102
RIGHT-OF-USE ASSETS AND LEASE LIABILITIES 107
INVESTMENTS IN SUBSIDIARIES 113
INTANGIBLE ASSETS 123
GOODWILL ON CONSOLIDATION 124
DEFERRED TAXATION 125
INVENTORIES 127
TRADE AND OTHER RECEIVABLES 129
CONTRACT ASSETS/(CONTRACT LIABILITIES) 133
DERIVATIVE ASSETS/(LIABILITY) 134
CASH AND BANK BALANCES AND SHORT TERM FUNDS 135
SHARE CAPITAL 136
REDEEMABLE CONVERTIBLE PREFERENCE SHARES 137
TREASURY SHARES 138
NON-DISTRIBUTABLE RESERVES 138
TRADE AND OTHER PAYABLES 139
BORROWINGS 140
BANK OVERDRAFTS 141
TERM LOANS 141
OTHER BORROWINGS 142
REVENUE 143
FINANCE COSTS 145
PROFIT/(LOSS) BEFORE TAX 145
TAX EXPENSE 146
WARRANTS 2020/2025 147
EARNINGS/(LOSS) PER ORDINARY SHARE 148
DIVIDENDS 149
EMPLOYEE BENEFITS 149
CAPITAL COMMITMENTS 150
CONTINGENT LIABILITIES 150
RELATED PARTY DISCLOSURES 151
OPERATING SEGMENTS 152
FINANCIAL INSTRUMENTS 157
FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES 161
LITIGATIONS AGAINST THE GROUP 170
SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR 171
SIGNIFICANT EVENT SUBSEQUENT TO THE END OF THE REPORTING PERIOD 172
ADOPTION OF NEW MFRSs AND AMENDMENTS TO MFRSs 172
PROPERTIES OWNED BY THE GROUP 173
ANALYSIS OF SHAREHOLDINGS 175
ANALYSIS OF WARRANTHOLDINGS 178
NOTICE OF ANNUAL GENERAL MEETING 181
STATEMENT ACCOMPANYING NOTICE OF 30TH ANNUAL GENERAL MEETING 188

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