Table of Contents 1 230

Serba Dinamik Annual Report 2017

ANNUAL REPORT 2017 1
ABOUT SERBA DINAMIK 3
CORPORATE INFORMATION 4
INSIDE THIS REPORT 5
CORPORATE & BUSINESS REVIEW 8
CORPORATE STRUCTURE 9
FACTS AT A GLANCE 11
CHAIRMAN'S MESSAGE 13
GROUP MD/CEO STATEMENT 15
BOARD OF DIRECTORS 19
KEY SENIOR MANAGEMENT 27
ABOUT OUR BUSINESS 32
HISTORY & MILESTONES 33
OUR BUSINESS MODEL 35
OUR BUSINESS ACTIVITIES 36
OUR GLOBAL PRESENCE & FACILITIES 37
OUR CUSTOMERS & MARKETS 39
AWARDS & RECOGNITIONS 40
MANAGEMENT DISCUSSION & ANALYSIS 42
FINANCIAL HIGHLIGHTS 43
FINANCIAL PERFORMANCE 44
INDUSTRY IMPACT ON OUR BUSINESS 60
OIL & GAS 62
POWER GENERATION 66
INDUSTRY COHORT BENCHMARK 68
CORPORATE SUSTAINABILITY REPORT 70
GROUP MD/CEO SUSTAINABILITY MESSAGE 71
OUR SUSTAINABILTY REPORT 73
OUR SUSTAINABILITY FRAMEWORK 74
WHAT WE STAND FOR 77
SUSTAINABILITY OF OUR BUSINESS 79
CREATING ECONOMIC VALUE 86
BUSINESS ETHICS & GOVERNANCE 92
ENVIRONMENTAL CONCIOUSNESS 93
OUR WORKFORCE & SOCIETY 97
OUR CORPORATE SOCIAL RESPONSIBILITIES 103
CORPORATE GOVERNANCE 106
CORPORATE GOVERNANCE STATEMENT 107
STATEMENT OF RISK MANAGEMENT & INTERNAL CONTROL 114
AUDIT COMMITTEE REPORT 117
FINANCIAL STATEMENTS 122
FINANCIAL STATEMENTS 123
NOTES TO THE FINANCIAL STATEMENT 136
1. BASIS OF PREPARATION 136
2. SIGNIFICANT ACCOUNTING POLICIES 139
3. PROPERTY, PLANT AND EQUIPMENT - GROUP 155
4. INVESTMENT IN SUBSIDIARIES - COMPANY 157
5. INVESTMENT IN ASSOCIATES - GROUP 164
6. OTHER INVESTMENTS - GROUP 166
7. INTANGIBLE ASSETS - GROUP 167
8. DEFFERED TAXATION - GROUP 167
9. INVENTORIES - GROUP 169
10. TRADE AND OTHER RECEIVABLES 169
11. DEPOSITS AND PREPAYMENTS 170
12. CASH AND CASH EQUIPMENTS 171
13. CAPITAL AND RESERVES 171
14. LOANS AND BORROWINGS - GROUP 173
15. EMPLOYMENT BENEFITS - GROUP 177
16. TRADE AND OTHER PAYABLES 178
17. REVENUE AND COST OF SALES/SERVICES 178
18. RESULTS FROM OPERATING ACTIVITIES 179
19. FINANCE INCOME AND COSTS 180
20. TAX EXPENSE 180
21. COMPENSATIONS TO KEY MANAGEMENT PERSONNEL 182
22. EARNINGS PER ORDINARY SHARE - GROUP 183
23. DIVIDENDS 184
24. OPERATING SEGMENTS 184
25. FINANCIAL INSTRUMENTS 189
26. CAPITAL MANAGEMENT 205
27. RELATED PARTIES 206
28. SIGNIFICANTS EVENTS 207
29. CAPITALS COMMITMENTS - GROUP 208
30. SUBSEQUENT EVENT 208
31. COMPARATIVE FIGURE 208
STATEMENT BY DIRECTORS 209
STATUTORY DECLARATION 210
INDEPENDENT AUDITORS' REPORT 211
ADDITIONAL INFORMATION 218
OTHER COMPLIANCE INFORMATION 220
ANALYSIS OF SHAREHOLDINGS 220
NOTICE OF ANNUAL GENERAL MEETING 224
FORM OF PROXY 228

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