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2024 UEM Edgenta Annual Report

2024 UEM Edgenta Annual Report 1
Contents 4
About This Report 2
Cover Rationale 5
Overview of UEM Edgenta 6
Vision | Mission | Core Values | What We Do 6
2024 Performance Snapshots 8
Business Highlights 8
Financial Highlights 9
Sustainability Highlights 10
Awards and Recognitions 11
Our Corporate Structure 12
Our Presence 14
What We Do 16
Healthcare Solutions 16
Property & Facility Solutions 17
Infrastructure Services 18
Asset Consultancy 19
What Differentiates Us: Our Strengths 20
Edgenta NXT 24
2024 Key Significant Events 25
Leadership Insights 26
Chairman’s Statement 26
MD/CEO’s Statement 33
CFO’s Statement 38
How We Create Value 44
Our Integrated Approach to Value Creation 44
Value Creation Business Model 46
Stakeholder Engagement & Value Creation 48
How We Distribute Value Created 53
Management Discussion And Analysis 54
Strategic Review 54
Our Material Matters 54
Operating Environment & Market Trends 61
Key Market Trends 65
Key Risks and Mitigation 69
Edgenta of the Future 2025 (EoTF2025) 74
Financial Performance 78
5-Year Group Financial Summary 78
5-Year Group Financial Highlights 79
Simplified Statements of Financial Position 81
Group Segmental Analysis 82
Statement of Value Added 83
Distribution of Value Added 83
Group Quarterly Financial Performance 84
Financial Calendar 85
Investor Relations 86
Business Review 88
Healthcare Solutions 88
Property & Facility Solutions 93
Asset Consultancy 98
Infrastructure Services 103
Enhancing Value Through Sustainability 108
Sustainability at UEM Edgenta 109
Sustainable Economic Growth 132
Minimising Environmental Impact 146
Social Value Creation 166
Governance 202
Corporate Information 203
Board of Directors 204
Board of Directors’ Profile 206
Company Secretary’s Profile 211
Executive Leadership 212
Executive Leadership’s Profile 214
Organisation Structure 224
Corporate Governance Overview Statement 226
Additional Compliance Information 243
Audit Committee Report 244
Statement on Risk Management and Internal Control 247
Corporate Integrity and Ethical Business Conduct 255
Approaching The Financial Statements 262
Financial Statements 264
Directors’ Responsibility Statement 265
Directors’ Report 266
Statement by Directors 272
Statutory Declaration 272
Independent Auditors’ Report 273
Statements of Comprehensive Income 278
Statements of Financial Position 280
Statements of Changes in Equity 283
Statements of Cash Flows 285
Notes to the Financial Statements 287
Additional Information 383
Analysis of Shareholdings 383
Properties Held by the Group 386
Recurrent Related Party Transactions 388
Sustainability Performance Table 402
GRI Content Index 405
FTSE4Good Context Index 408
Statement of Assurance 421
Glossary 422
Notice of the 62nd Annual General Meeting 424
Statement Accompanying Notice of the 62nd Annual General Meeting 427
Form of Proxy 429

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