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ANNUAL REPORT 2020
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1 |
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TABLE OF CONTENTS
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4 |
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ABOUT THIS REPORT
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2 |
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CHAIRMAN’S STATEMENT
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6 |
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DELIVERING VALUE
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10 |
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SIX CAPITALS
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10 |
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STRATEGIC PERFORMANCE
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11 |
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SHAPING MATERIAL MATTERS
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12 |
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LINKING THE CAPITALS & MATERIAL MATTERS TO STRATEGY, SUSTAINABILITY & RISKS
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16 |
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MSM OVERVIEW
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18 |
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CORPORATE PROFILE
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18 |
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CORPORATE MILESTONES
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19 |
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CORPORATE STRUCTURE
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20 |
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ORGANISATIONAL STRUCTURE
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21 |
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CORPORATE INFORMATION
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22 |
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KEY MOMENTS
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23 |
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AWARDS AND CERTIFICATIONS
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24 |
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MANAGEMENT DISCUSSION & ANALYSIS
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25 |
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STRATEGIC REVIEW
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25 |
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GROUP CHIEF EXECUTIVE OFFICER REVIEW
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25 |
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MSM STRATEGY
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30 |
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KEY RISKS & MITIGATIONS
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32 |
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GLOBAL PRESENCE
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33 |
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MARKET LANDSCAPE
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35 |
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GROUP FINANCIAL REVIEW
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36 |
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BUSINESS REVIEW
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38 |
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RAW SUGAR SOURCING & PROCUREMENT
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38 |
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OPERATIONAL & REFINING
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40 |
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COMMERCIAL & DOWNSTREAM
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43 |
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SUPPLY CHAIN MANAGEMENT
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45 |
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GROUP FINANCIAL REPORT
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47 |
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5-YEAR FINANCIAL SUMMARY
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47 |
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STATEMENT OF FINANCIAL POSITION
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48 |
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QUARTERLY FINANCIAL PERFORMANCE
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49 |
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STATEMENT OF VALUE ADDED
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49 |
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SEGMENTAL ANALYSIS
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50 |
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SALES ANALYSIS
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51 |
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INVESTOR INFORMATION
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52 |
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FINANCIAL CALENDAR
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54 |
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SUSTAINABILITY REPORT
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55 |
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OUR SWEET EES JOURNEY
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55 |
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ECONOMIC SUSTAINABILITY
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56 |
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ENVIRONMENTAL SUSTAINABILITY
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57 |
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SOCIAL SUSTAINABILITY
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60 |
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EFFECTIVE LEADERSHIP
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70 |
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PROFILE OF DIRECTORS
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70 |
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PROFILE OF COMPANY SECRETARY
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74 |
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PROFILE OF SENIOR MANAGEMENT
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75 |
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CORPORATE GOVERNANCE
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77 |
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CORPORATE GOVERNANCE OVERVIEW STATEMENT
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77 |
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AUDIT, GOVERNANCE AND RISK COMMITTEE REPORT
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94 |
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NOMINATION AND REMUNERATION COMMITTEE REPORT
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101 |
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INVESTMENT AND TENDER COMMITTEE REPORT
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109 |
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ADDITIONAL COMPLIANCE INFORMATION
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111 |
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CORPORATE INTEGRITY
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113 |
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STATEMENT ON RISK MANAGEMENT AND INTERNAL CONTROL
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115 |
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INTERNAL POLICIES, PROCEDURES AND GUIDELINES
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122 |
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BUSINESS CONTINUITYMANAGEMENT
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123 |
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FINANCIAL STATMENTS
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124 |
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STATEMENT ON DIRECTORS’ RESPONSIBILITIES
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124 |
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DIRECTORS’ REPORT
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125 |
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STATEMENT BY DIRECTORS
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129 |
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STATUTORY DECLARATION
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129 |
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INDEPENDENT AUDITORS’ REPORT
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130 |
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STATEMENTS OF COMPREHENSIVE INCOME
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135 |
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STATEMENTS OF FINANCIAL POSITION
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137 |
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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
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139 |
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STATEMENTS OF CASH FLOWS
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141 |
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NOTES TO THE FINANCIAL STATEMENTS
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146 |
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ADDITIONAL INFORMATION
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230 |
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ANALYSIS OF SHAREHOLDINGS
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230 |
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SUMMARY OF PROPERTIES OWNED
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233 |
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SUMMARY OF PROPERTIES LEASED
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236 |
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LIST OF TOP 10 PROPERTIES OWNED
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237 |
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GROUP CORPORATE DIRECTORY
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238 |
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DETAILS OF THE ANNUAL GENERAL MEEETING
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239 |
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NOTICE OF ANNUAL GENERAL MEETING
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239 |
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STATEMENT ACCOMPANYING NOTICE OF THE 10TH ANNUAL GENERAL MEETING
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248 |
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ADMINISTRATIVE DETAILS
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249 |
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PROXY FORM
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255 |