| EDGENTA ANNUAL REPORT 2019 |
1 |
| Table of Contents |
14-15 |
| INTRODUCTION |
16-17 |
| About this Report |
16-17 |
| 2019 Key Highlights |
18-19 |
| UEM EDGENTA AT A GLANCE |
20-21 |
| Overview of UEM Edgenta |
20-21 |
| Who We Are & Where We Operate |
20-21 |
| Organisation Structure |
22-23 |
| Corporate Structure |
24-25 |
| Corporate Information |
24-25 |
| Our Business Divisions |
26-27 |
| Our Technology Solutions |
28-29 |
| Our Business Model |
30-31 |
| Key Relationships |
32-33 |
| MESSAGE FROM OUR LEADERSHIP |
34-35 |
| Chairman’s Statement |
34-35 |
| MD/CEO’s Statement |
38-39 |
| CFO’s Review |
42-43 |
| Key Performance Indicators |
44-45 |
| Five-Year Group Financial Highlights |
44-45 |
| Five-Year Group Financial Summary |
44-45 |
| 2019 Group Quarterly Performance |
46-47 |
| Group Statement of Value Added |
48-49 |
| STRATEGIC FOCUS |
48-49 |
| Group Strategy |
48-49 |
| Our Market Landscape |
50-51 |
| Material Issues |
52-53 |
| Key Risks and Opportunities |
52-53 |
| OPERATIONAL REVIEW |
56-57 |
| Healthcare Support |
58-59 |
| Property & Facility Solutions |
60-61 |
| Infrastructure Services |
62-63 |
| Asset Consultancy |
64-65 |
| SUSTAINABILITY EFFORTS |
66-67 |
| Sustainability Statement |
66-67 |
| Our Approach to Sustainability |
66-67 |
| ECONOMIC |
70-71 |
| ENVIRONMENTAL |
78-79 |
| SOCIAL |
80-81 |
| CORPORATE GOVERNANCE |
86-87 |
| Board of Director’s Profile |
86-87 |
| Key Senior Management’s Profile |
98-99 |
| Corporate Governance Overview Statement |
104-105 |
| Robust and Transparent Governance |
104-105 |
| BOARD LEADERSHIP & EFFECTIVENESS |
106-107 |
| EFFECTIVE AUDIT & RISK MANAGEMENT |
112-113 |
| Audit and Risk Committee Report |
112-113 |
| INTEGRITY IN CORPORATE REPORTING & MEANINGFUL RELATIONSHIP WITH STAKEHOLDERS |
116-117 |
| Investor Relations |
116-117 |
| Additional Compliance Information |
120-121 |
| Statement on Risk Management and Internal Control |
120-121 |
| FINANCIAL REVIEW |
132-133 |
| FINANCIAL STATEMENTS |
132-133 |
| Directors’ Report |
132-133 |
| Statement By Directors |
138-139 |
| Statutory Declaration |
138-139 |
| Independent Auditors’ Report |
138-139 |
| Income Statements |
144-145 |
| Statements of Comprehensive Income |
144-145 |
| Statements of Financial Position |
144-145 |
| Statements of Changes in Equity |
150-151 |
| Statements of Cash Flows |
152-153 |
| Notes to the Financial Statements |
154-155 |
| 1. CORPORATE INFORMATION |
154-155 |
| 2. SIGNIFICANT ACCOUNTING POLICIES |
154-155 |
| 3. REVENUE |
186-187 |
| 4. COST OF SALES |
186-187 |
| 5. OTHER INCOME |
186-187 |
| 6. FINANCE COSTS |
186-187 |
| 7. PROFIT BEFORE TAX |
188-189 |
| 8. EMPLOYEE BENEFITS EXPENSE |
188-189 |
| 9. DIRECTORS’ REMUNERATION |
190-191 |
| 10. INCOME TAX EXPENSE/(BENEFIT) |
190-191 |
| 11. EARNINGS PER SHARE |
194-195 |
| 12. DIVIDENDS |
194-195 |
| 13. PROPERTY, PLANT AND EQUIPMENT |
196-197 |
| 14. LAND HELD FOR PROPERTY DEVELOPMENT |
198-199 |
| 15. PREPAID LAND LEASE PAYMENTS |
200-201 |
| 16. INTANGIBLE ASSETS |
200-201 |
| 17. INVESTMENT IN SUBSIDIARIES |
204-205 |
| 18. INVESTMENT IN ASSOCIATES |
210-211 |
| 19. OTHER INVESTMENTS |
212-213 |
| 20. INVENTORIES |
212-213 |
| 21. TRADE AND OTHER RECEIVABLES |
214-215 |
| 22. CONTRACT RELATED ASSETS AND LIABILITIES |
218-219 |
| 23. SHORT TERM INVESTMENTS |
220-221 |
| 24. CASH, BANK BALANCES AND DEPOSITS |
220-221 |
| 25. ASSET HELD FOR SALE |
220-221 |
| 26. RETIREMENT BENEFIT OBLIGATIONS |
220-221 |
| 27. DEFINED BENEFIT PENSION PLAN |
224-225 |
| 28. PROVISIONS |
226-227 |
| 29. BORROWINGS |
226-227 |
| 30. FINANCE LEASES |
230-231 |
| 31. TRADE AND OTHER PAYABLES |
230-231 |
| 32. DEFERRED TAX |
234-235 |
| 33. SHARE CAPITAL AND SHARE PREMIUM |
236-237 |
| 34. CAPITAL AND OTHER MERGER RESERVE |
236-237 |
| 35. OTHER RESERVES |
236-237 |
| 36. RETAINED EARNINGS |
238-239 |
| 37. RIGHT-OF-USE ASSETS AND LEASE LIABILITIES |
238-239 |
| 38. CAPITAL COMMITMENTS |
240-241 |
| 39. PERFORMANCE BONDS AND GUARANTEES |
240-241 |
| 40. RELATED PARTY DISCLOSURES |
242-243 |
| 41. FINANCIAL INSTRUMENTS |
244-245 |
| 42. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES |
246-247 |
| 43. CAPITAL MANAGEMENT |
254-255 |
| 44. SEGMENT INFORMATION |
254-255 |
| 45. SUBSIDIARIES, JOINT VENTURES AND ASSOCIATES |
264-265 |
| ADDITIONAL INFORMATION |
270-271 |
| Analysis of Shareholdings |
270-271 |
| Properties held by the Group |
272-273 |
| Recurrent Related Party Transactions |
274-275 |
| GLOSSARY |
288-289 |
| GROUP DIRECTORY |
290-291 |