| ANNUAL INTEGRATED REPORT 2021 |
1 |
| INSIDE THIS REPORT |
3 |
| ABOUT THIS REPORT |
4 |
| WHO WE ARE |
8 |
| CORPORATE PROFILE |
10 |
| OUR MISSION, VISION & CORE VALUES |
12 |
| OUR PRESENCE |
14 |
| OUR VALUE CHAIN |
16 |
| MARKET LANDSCAPE |
18 |
| MSM PRODUCTS |
21 |
| OUR CORPORATE DETAILS |
24 |
| OUR GROUP STRUCTURE |
25 |
| OUR ORGANISATIONAL STRUCTURE |
26 |
| OUR ACHIEVEMENTS |
28 |
| 2021 KEY EVENT HIGHLIGHTS |
30 |
| MSM IN THE NEWS |
36 |
| 5-YEAR FINANCIAL HIGHLIGHTS |
42 |
| STATEMENT OF FINANCIAL POSITION |
43 |
| QUARTERLY FINANCIAL PERFORMANCE |
44 |
| STATEMENT OF VALUE ADDED |
45 |
| SEGMENTAL HIGHLIGHTS |
46 |
| SALES HIGHLIGHTS |
47 |
| STATEMENT & DISCUSSION BY OUR LEADERS |
48 |
| CHAIRMAN’S ADDRESS |
50 |
| IN CONVERSATION WITH OUR GROUP CHIEF EXECUTIVE OFFICER |
58 |
| GROUP FINANCIAL REVIEW |
70 |
| CORPORATE STRATEGY AND BUSINESS PLAN REVIEW |
72 |
| KEY CHALLENGES & MITIGATIONS |
76 |
| GROUP BUSINESS REVIEW |
78 |
| RAW SUGAR SOURCING & PROCUREMENT |
78 |
| OPERATIONAL & REFINING |
82 |
| COMMERCIAL & DOWNSTREAM |
86 |
| SUPPLY CHAIN |
90 |
| HOW WE OPERATE |
94 |
| OUR BUSINESS MODEL |
96 |
| MATERIALITY ASSESSMENT PROCESS |
98 |
| STAKEHOLDERS ENGAGEMENT |
104 |
| INVESTOR RELATIONS WITH A DIFFERENCE |
110 |
| FINANCIAL CALENDAR |
117 |
| SUSTAINABILITY JOURNEY |
118 |
| BOARD STATEMENT ON SUSTAINABILITY |
120 |
| OUR SUSTAINABILITY COMMITMENT |
124 |
| OUR SUSTAINABILITY GOVERNANCE |
128 |
| OUR WAY FORWARD IN OUR SUSTAINABILITY JOURNEY |
130 |
| ENVIRONMENT INITIATIVES |
132 |
| SOCIAL INITIATIVES |
144 |
| GOVERNANCE INITIATIVES |
177 |
| HOW WE ARE GOVERNED |
184 |
| BOARD OF DIRECTORS DIVERSITY |
186 |
| PROFILE OF DIRECTORS |
188 |
| PROFILE OF COMPANY SECRETARY |
197 |
| EXECUTIVE COMMITTEE AT A GLANCE |
198 |
| PROFILE OF EXECUTIVE COMMITTEE |
200 |
| PROFILE OF HEADS OF OPERATIONS |
207 |
| CORPORATE GOVERNANCE OVERVIEW STATEMENT |
210 |
| AUDIT, GOVERNANCE AND RISK COMMITTEE REPORT |
231 |
| NOMINATION AND REMUNERATION COMMITTEE REPORT |
238 |
| INVESTMENT AND TENDER COMMITTEE REPORT |
247 |
| ADDITIONAL COMPLIANCE INFORMATION |
249 |
| STATEMENT ON RISK MANAGEMENT AND INTERNAL CONTROL |
253 |
| FINANCIAL STATEMENTS |
266 |
| STATEMENT ON DIRECTORS’ RESPONSIBILITIES |
267 |
| DIRECTORS’ REPORT |
268 |
| STATEMENT BY DIRECTORS |
272 |
| STATUTORY DECLARATION |
272 |
| INDEPENDENT AUDITORS’ REPORT |
273 |
| STATEMENTS OF COMPREHENSIVE INCOME |
278 |
| STATEMENTS OF FINANCIAL POSITION |
280 |
| CONSOLIDATED STATEMENT OF CHANGES IN EQUITY |
282 |
| COMPANY STATEMENT OF CHANGES IN EQUITY |
283 |
| STATEMENTS OF CASH FLOWS |
284 |
| NOTES TO THE FINANCIAL STATEMENTS |
288 |
| ADDITIONAL INFORMATION |
372 |
| ANALYSIS OF SHAREHOLDINGS |
374 |
| SUMMARY OF PROPERTIES LEASED |
377 |
| LIST OF TOP 10 PROPERTIES OWNED |
378 |
| NOTICE OF ANNUAL GENERAL MEETING |
380 |
| STATEMENT ACCOMPANYING NOTICE OF THE 11TH ANNUAL GENERAL MEETING |
390 |
| ADMINISTRATIVE GUIDE |
391 |
| PROXY FORM |
397 |