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 |