My EG Services Berhad Annual Report 2020

MYEG Annual Report 2020	1
What’s Inside	2
Overview	3
ABOUT THIS REPORT	3
CORPORATE STRUCTURE	5
CORPORATE INFORMATION	7
COMPANY VISION AND MISSION	8
COMPANY HIGHLIGHTS	8
KEY MILESTONES	9
AWARDS AND ACCOLADES	11
Performance	12
FINANCIAL HIGHLIGHTS	12
STATEMENT OF VALUE ADDED DISTRIBUTION AND SIMPLIFIED FINANCIAL STATEMENT	14
SHARE PRICE PERFORMANCE	15
INVESTOR RELATIONS	16
MANAGEMENT DISCUSSION AND ANALYSIS	17
Leadership	24
BOARD OF DIRECTORS’ PROFILES	24
KEY SENIOR MANAGEMENT’S PROFILES	30
Our Business	33
ABOUT MYEG	33
OUR BUSINESS MODEL	36
STAKEHOLDER VALUE CREATED	38
OUR BUSINESS STRENGTHS	39
OUR OPERATING ENVIRONMENT	43
OUR RISKS AND OPPORTUNITIES	48
OUR OUTLOOK AND STRATEGIC PRIORITIES	51
OUR VALUE CREATION PROCCESS	53
Sustainability Statement	55
OVERVIEW	55
FY2020 SUSTAINABILITY HIGHLIGHTS AND ACHIEVEMENTS	56
ALIGNMENT TO THE UNSDG	57
SUSTAINABILITY GOVERNANCE	61
STAKEHOLDER ENGAGEMENT	67
MATERIALITY MATTERS	69
Governance	92
CORPORATE GOVERNANCE OVERVIEW	92
CORPORATE GOVERNANCE STATEMENT	96
AUDIT COMMITTEE REPORT	112
RISK MANAGEMENT AND INTERNAL CONTROL STATEMENT	119
Financial Statements	121
DIRECTORS’ REPORT	121
STATEMENT BY DIRECTORS	127
STATUTORY DECLARATION	127
INDEPENDENT AUDITORS’ REPORT	128
STATEMENTS OF FINANCIAL POSITION	132
STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME	134
STATEMENTS OF CHANGES IN EQUITY	136
STATEMENTS OF CASH FLOWS	139
NOTES TO THE FINANCIAL STATEMENTS	143
Additional Information	236
ADDITIONAL COMPLIANCE INFORMATION	236
DIRECTORS’ RESPONSIBILITY STATEMENT	237
ANALYSIS OF SHAREHOLDINGS	238
LIST OF PROPERTIES	241
Annual General Meeting	242
NOTICE OF THE TWENTIETH ANNUAL GENERAL MEETING	242
PROXY FORM	250

Made with FlippingBook

RkJQdWJsaXNoZXIy NDgzMzc=