Table of Contents 1 306

Serba Dinamik Annual Report 2018

ANNUAL REPORT 2018 1
ABOUT SERBA DINAMIK 3
CORPORATE INFORMATION 5
INSIDE THIS REPORT 7
CORPORATE & BUSINESS REVIEW 10
CORPORATE STRUCTURE 11
FACTS AT A GLANCE 13
CHAIRMAN’S MESSAGE 17
STATEMENT FROM OUR GROUP MANAGING DIRECTOR/CEO 22
BOARD OF DIRECTORS 27
TOP MANAGEMENT 45
SENIOR MANAGEMENT 47
OTHER SENIOR MANAGEMENT 49
ABOUT OUR BUSINESS 52
HISTORY & MILESTONES 54
OUR BUSINESS MODEL 55
OUR BUSINESS ACTIVITIES 56
OVERVIEW OF OUR BUSINESS ACTIVITIES 57
OUR GLOBAL PRESENCE & FACILITIES 59
OUR CUSTOMERS & MARKETS 61
HIGHLIGHTS OF SERBA DINAMIK 62
AWARDS & RECOGNITIONS 63
MANAGEMENT DISCUSSION & ANALYSIS 66
FINANCIAL HIGHLIGHTS 67
FINANCIAL PERFORMANCE 68
INDUSTRY IMPACT ON OUR BUSINESS 86
OIL AND GAS 88
POWER GENERATION 96
WATER UTILITY 99
SUSTAINABILITY STATEMENT 102
GROUP MD/CEO SUSTAINABILITY MESSAGE 103
ABOUT THIS SUSTAINABILITY STATEMENT 107
SUSTAINABILITY FRAMEWORK 108
ECONOMICS 113
ENVIRONMENT 131
SOCIAL 135
CORPORATE GOVERNANCE 152
CORPORATE GOVERNANCE OVERVIEW STATEMENT 153
STATEMENT OF RISK MANAGEMENT & INTERNAL CONTROL 157
AUDIT & RISK COMMITEE REPORT 162
FINANCIAL STATEMENT 166
FINANCIAL STATEMENT 167
NOTES TO THE FINANCIAL STATEMENT 182
1. Basis of preparation 182
2. Significant accounting policies 184
3. Property, plant and equipment - Group 210
4. Investment in subsidiaries - Company 213
5. Investment in associates - Group 220
6. Other investments - Group 226
7. Intangible assets - Group 227
8. Deferred assets/(liabilities) - Group 228
9. Inventories - Group 230
10. Contract balances - Group 230
11. Trade and other receivables 231
12. Deposits and prepayments 232
13. Cash and cash equivalents 233
14. Capital and reserves 234
15. Asset classified as held for sale 236
16. Loans and borrowings 237
17. Employment benefits - Group 241
18. Trade and other payables 242
19. Revenue and cost of contracts with customers 244
20. Results from operating activities 248
21. Finance income and costs 249
22. Tax expense 250
23. Compensations to key management personnel 252
24. Earnings per ordinary share - Group 253
25. Dividends 254
26. Operating segments 255
27. Financial instruments 258
28. Capital management 274
29. Related parties 274
30. Acquisition and disposal of subsidiaries and non-controlling interests 276
31. Significant events 277
32. Capital commitment - Group 278
33. Subsequent events 278
34. Significant changes in accounting policies 278
STATEMENT BY DIRECTORS 285
STATUTORY DECLARATION 286
INDEPENDENT AUDITORS’ REPORT 287
ADDITIONAL INFORMATION 294
OTHER COMPLIANCE INFORMATION 295
ANALYSIS OF SHAREHOLDINGS 296
NOTICE OF THE THIRD ANNUAL GENERAL MEETING 299
FORM OF PROXY 304

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