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Integrated Annual Report 2021

INTEGRATED ANNUAL REPORT 2021 1
What’s Inside 2-3
ABOUT THIS REPORT 4-5
WHO WE ARE 8-9
ABOUT MISC 10-11
WHO WE ARE AND WHAT WE DO 12-13
WHAT WE OWN/OPERATE 14-15
HOW WE MOVE ENERGY 16-17
WHERE WE OPERATE 18-19
KEY MILESTONES 20-21
KEY MESSAGES 24-25
CHAIRMAN’S MESSAGE 26-27
PRESIDENT/GROUP CEO’S REVIEW 30-31
HIGHLIGHTS 38-39
KEY HIGHLIGHTS 2021 40-41
A LOOK BACK AT 2021 42-43
STRATEGIC REVIEW 44-45
STRATEGIC OVERVIEW 46-47
HOW WE CREATE VALUE 52-53
OUR STRATEGIC FOCUS 56-57
OUR MATERIALMATTERS 62-63
OUR STAKEHOLDERS 66-67
OUR OPERATING ENVIRONMENT 68-69
OUR RISKS AND MITIGATION STRATEGIES 78-79
DELIVERING OUR STRATEGY 86-87
SUSTAINABILITY 94-95
ANCHORING SUSTAINABILITY @ MISC 96-97
FINANCIAL REVIEW 106-107
GROUP FINANCIAL REVIEW 108-109
FINANCIAL CALENDAR 112-113
FIVE-YEAR GROUP FINANCIAL PERFORMANCE 114-115
STATEMENT OF VALUE ADDED AND VALUE DISTRIBUTED 116-117
BUSINESS REVIEW 118-119
GAS ASSETS & SOLUTIONS 120-121
PETROLEUM & PRODUCT SHIPPING 126-127
OFFSHORE BUSINESS 136-137
MARINE & HEAVY ENGINEERING 142-143
INTEGRATED MARINE SERVICES 152-153
PORT MANAGEMENT & MARITIME SERVICES 160-161
MARITIME EDUCATION & TRAINING 166-167
PEOPLE DEVELOPMENT 174-175
OPERATING SAFELY AND SUSTAINABLY 180-181
OPERATING RESPONSIBLY 190-191
LEADERSHIP 198-199
OUR BOARD AT A GLANCE 200-201
PROFILES OF THE BOARD OF DIRECTORS 202-203
PROFILES OF THE MANAGEMENT COMMITTEE 214-215
GOVERNANCE 226-227
CORPORATE GOVERNANCE OVERVIEW STATEMENT 228-229
NOMINATION & REMUNERATION COMMITTEE REPORT 248-249
BOARD AUDIT COMMITTEE REPORT 256-257
BOARD GOVERNANCE & RISK COMMITTEE REPORT 266-267
STATEMENT ON RISK MANAGEMENT AND INTERNAL CONTROL 270-271
STATEMENT OF DIRECTORS’ RESPONSIBILITY 286-287
ADDITIONAL COMPLIANCE INFORMATION 286-287
FINANCIAL STATEMENTS 288-289
DIRECTORS’ REPORT 290-291
STATEMENT BY DIRECTORS 296-297
STATUTORY DECLARATION 296-297
INCOME STATEMENTS 296-297
STATEMENTS OF COMPREHENSIVE INCOME 298-299
STATEMENTS OF FINANCIAL POSITION 298-299
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY 302-303
STATEMENTS OF CHANGES IN EQUITY 304-305
STATEMENTS OF CASH FLOWS 304-305
NOTES TO THE FINANCIAL STATEMENTS 308-309
INDEPENDENT AUDITORS' REPORT 448-449
ADDITIONAL INFORMATION 456-457
MISC GROUP STRUCTURE 458-459
PROPERTIES OWNED BY MISC BERHAD AND ITS SUBSIDIARIES 462-463
LIST OF VESSELS AND ASSETS 464-465
STATISTICS ON SHAREHOLDINGS 470-471
CORPORATE INFORMATION 474-475
LIST OF ABBREVIATIONS 476-477
ANNUAL GENERAL MEETING 480-481
NOTICE OF ANNUAL GENERAL MEETING 482-483
ADMINISTRATIVE NOTES RELATING TO THE 53RD ANNUAL GENERAL MEETING 486-487
Form of Proxy 492-493

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