Table of Contents 1 292

2019 UEM Edgenta Annual Report

EDGENTA ANNUAL REPORT 2019 1
Table of Contents 14-15
INTRODUCTION 16-17
About this Report 16-17
2019 Key Highlights 18-19
UEM EDGENTA AT A GLANCE 20-21
Overview of UEM Edgenta 20-21
Who We Are & Where We Operate 20-21
Organisation Structure 22-23
Corporate Structure 24-25
Corporate Information 24-25
Our Business Divisions 26-27
Our Technology Solutions 28-29
Our Business Model 30-31
Key Relationships 32-33
MESSAGE FROM OUR LEADERSHIP 34-35
Chairman’s Statement 34-35
MD/CEO’s Statement 38-39
CFO’s Review 42-43
Key Performance Indicators 44-45
Five-Year Group Financial Highlights 44-45
Five-Year Group Financial Summary 44-45
2019 Group Quarterly Performance 46-47
Group Statement of Value Added 48-49
STRATEGIC FOCUS 48-49
Group Strategy 48-49
Our Market Landscape 50-51
Material Issues 52-53
Key Risks and Opportunities 52-53
OPERATIONAL REVIEW 56-57
Healthcare Support 58-59
Property & Facility Solutions 60-61
Infrastructure Services 62-63
Asset Consultancy 64-65
SUSTAINABILITY EFFORTS 66-67
Sustainability Statement 66-67
Our Approach to Sustainability 66-67
ECONOMIC 70-71
ENVIRONMENTAL 78-79
SOCIAL 80-81
CORPORATE GOVERNANCE 86-87
Board of Director’s Profile 86-87
Key Senior Management’s Profile 98-99
Corporate Governance Overview Statement 104-105
Robust and Transparent Governance 104-105
BOARD LEADERSHIP & EFFECTIVENESS 106-107
EFFECTIVE AUDIT & RISK MANAGEMENT 112-113
Audit and Risk Committee Report 112-113
INTEGRITY IN CORPORATE REPORTING & MEANINGFUL RELATIONSHIP WITH STAKEHOLDERS 116-117
Investor Relations 116-117
Additional Compliance Information 120-121
Statement on Risk Management and Internal Control 120-121
FINANCIAL REVIEW 132-133
FINANCIAL STATEMENTS 132-133
Directors’ Report 132-133
Statement By Directors 138-139
Statutory Declaration 138-139
Independent Auditors’ Report 138-139
Income Statements 144-145
Statements of Comprehensive Income 144-145
Statements of Financial Position 144-145
Statements of Changes in Equity 150-151
Statements of Cash Flows 152-153
Notes to the Financial Statements 154-155
1. CORPORATE INFORMATION 154-155
2. SIGNIFICANT ACCOUNTING POLICIES 154-155
3. REVENUE 186-187
4. COST OF SALES 186-187
5. OTHER INCOME 186-187
6. FINANCE COSTS 186-187
7. PROFIT BEFORE TAX 188-189
8. EMPLOYEE BENEFITS EXPENSE 188-189
9. DIRECTORS’ REMUNERATION 190-191
10. INCOME TAX EXPENSE/(BENEFIT) 190-191
11. EARNINGS PER SHARE 194-195
12. DIVIDENDS 194-195
13. PROPERTY, PLANT AND EQUIPMENT 196-197
14. LAND HELD FOR PROPERTY DEVELOPMENT 198-199
15. PREPAID LAND LEASE PAYMENTS 200-201
16. INTANGIBLE ASSETS 200-201
17. INVESTMENT IN SUBSIDIARIES 204-205
18. INVESTMENT IN ASSOCIATES 210-211
19. OTHER INVESTMENTS 212-213
20. INVENTORIES 212-213
21. TRADE AND OTHER RECEIVABLES 214-215
22. CONTRACT RELATED ASSETS AND LIABILITIES 218-219
23. SHORT TERM INVESTMENTS 220-221
24. CASH, BANK BALANCES AND DEPOSITS 220-221
25. ASSET HELD FOR SALE 220-221
26. RETIREMENT BENEFIT OBLIGATIONS 220-221
27. DEFINED BENEFIT PENSION PLAN 224-225
28. PROVISIONS 226-227
29. BORROWINGS 226-227
30. FINANCE LEASES 230-231
31. TRADE AND OTHER PAYABLES 230-231
32. DEFERRED TAX 234-235
33. SHARE CAPITAL AND SHARE PREMIUM 236-237
34. CAPITAL AND OTHER MERGER RESERVE 236-237
35. OTHER RESERVES 236-237
36. RETAINED EARNINGS 238-239
37. RIGHT-OF-USE ASSETS AND LEASE LIABILITIES 238-239
38. CAPITAL COMMITMENTS 240-241
39. PERFORMANCE BONDS AND GUARANTEES 240-241
40. RELATED PARTY DISCLOSURES 242-243
41. FINANCIAL INSTRUMENTS 244-245
42. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES 246-247
43. CAPITAL MANAGEMENT 254-255
44. SEGMENT INFORMATION 254-255
45. SUBSIDIARIES, JOINT VENTURES AND ASSOCIATES 264-265
ADDITIONAL INFORMATION 270-271
Analysis of Shareholdings 270-271
Properties held by the Group 272-273
Recurrent Related Party Transactions 274-275
GLOSSARY 288-289
GROUP DIRECTORY 290-291

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