FGV Annual Report 2018

FGV ANNUAL REPORT 2018 1
CONTENTS 4-5
WE BENCHMARKED OURSELVES AGAINST GLOBAL BEST PRACTICES 6
ABOUT THIS REPORT 6
OUR COMMITMENT TO SUSTAINABILITY 10
WE STRIVED TO STAY TRUE TOOUR IDENTITY 12
WHO WE ARE 12
FIVE-YEAR GROUP FINANCIAL SUMMARY 14
OUR CORPORATE DETAILS 15
WE ESTABLISHED INTEGRATED AND COMPREHENSIVE IMPLEMENTATION PLANS 16
OUR GLOBAL PRESENCE 16
OUR MARKET LANDSCAPE 18
ASSESSING OUR MATERIAL MATTERS 20
THE LINKS BETWEEN MATERIAL MATTERS, STRATEGY AND RISKS 28
OUR BUSINESS PLAN 30
WE PRACTICED LEADERSHIP BY EXAMPLE 32
STATEMENT FROM THE CHAIRMAN 32
MESSAGE FROM THE GROUP CHIEF EXECUTIVE OFFICER 36
WE REMAINED FOCUSED ONVALUE CREATION 39
MANAGEMENT DISCUSSION & ANALYSIS 39
FINANCIAL CAPITAL 39
NATURAL CAPITAL 42
MANUFACTURED CAPITAL 47
INTELLECTUAL CAPITAL 53
HUMAN CAPITAL 56
SOCIAL & RELATIONSHIP CAPITAL 61
WE REINFORCED OUR STANDARDS OFGOVERNANCE 64
CHAIRMAN’S GOVERNANCE OVERVIEW 64
CHAIRMAN’S GOVERNANCE OVERVIEW 64
LEADERSHIP AND EFFECTIVENESS 66
ACCOUNTABILITY 84
REMUNERATION 97
RELATIONS WITH OUR STAKEHOLDERS 101
INTEGRITY IN CORPORATE REPORTING 103
STATEMENT ON RISK MANAGEMENTAND INTERNAL CONTROL 104
WE EXAMINED OUR NUMBERS 113
STATEMENT ON DIRECTORS’ RESPONSIBILITY 113
DIRECTORS’ REPORT 115
STATEMENT BY DIRECTORS 120
STATUTORY DECLARATION 120
INDEPENDENT AUDITORS’ REPORT 121
STATEMENTS OF PROFIT OR LOSS 129
STATEMENTS OF COMPREHENSIVE INCOME 130
STATEMENTS OF FINANCIAL POSITION 131
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 135
STATEMENT OF CHANGES IN EQUITY 137
STATEMENTS OF CASH FLOWS 139
NOTES TO THE FINANCIAL STATEMENTS 147
WE UPHELD THE HIGHEST STANDARDS OF DISCLOSURE 360
SHARE PRICE MOVEMENT 360
FINANCIAL CALENDAR 361
ANALYSIS OF SHAREHOLDINGS 362
TOP 10 PROPERTIES OF FGV GROUP 365
ADDITIONAL DISCLOSURE 367
UTILISATION OF PROCEEDS 367
NON-AUDIT FEES 367
MATERIAL CONTRACTS 367
LONG TERM INCENTIVE PLAN 367
SHARE ISSUANCE SCHEME 367
RECURRENT RELATED PARTY TRANSACTION OF REVENUE OR TRADING NATURE 367
APPLICATION OF THE PRINCIPLES AND PRACTICESOF THE MALAYSIAN CODE ON CORPORATE GOVERNANCE 2017 (MCCG 2017) 377
WE CONTINUED TO EMBRACETRANSPARENCY AND INCLUSIVENESS 380
NOTICE OF ANNUAL GENERAL MEETING 380
STATEMENT ACCOMPANYING NOTICE OF ANNUAL GENERAL MEETING 386
ADMINISTRATIVE DETAILS 387
PROXY FORM 391

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