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