Fraser & Neave Holdings Bhd Annual Report 2019

A N N U A L R E P O R T 2 0 1 9 01 Overview 001 OVERVIEW Who We Are ............................................................................004 Our Story ...................................................................................004 Vision ...........................................................................................005 Mission ........................................................................................005 Our Brands ...............................................................................007 F&NHB at A Glance ...........................................................008 Our Product Categories ..................................................010 Our Market Leading Positions ....................................010 2019 Awards ..........................................................................011 Our Global Presence .........................................................012 Chairman’s Message ..........................................................014 Group Financial Highlights 2019 ..............................018 Corporate Information .....................................................020 Corporate Structure ..........................................................021 Key Milestones ......................................................................022 LEADERSHIP Board Composition ............................................................024 Profile of Board of Directors ........................................025 Management Team ...........................................................036 Profile of Chief Executive Officer .............................038 Profile of Key Senior Management ........................039 Organisation Structure ....................................................044 GOVERNANCE Corporate Governance Overview Statement .....098 Nominating Committee Report ................................108 Audit Committee Report ................................................110 Statement on Risk Management and Internal Control .................................................................113 Statement on Directors’ Responsibility ................117 Additional Compliance Information ........................118 SUSTAINABILITY REPORT Sustainability Statement .................................................122 ADDITIONAL INFORMATION Shareholdings Statistics ..................................................216 List of Properties .................................................................219 Corporate Directory ...........................................................222 Notice of Annual General Meeting .........................224 Administrative Details for the 58 th Annual General Meeting of Fraser & Neave Holdings Bhd ..........................227 Proxy Form ............................................................................... • FINANCIAL STATEMENTS Directors’ Report ..................................................................132 Statements of Financial Position ..............................138 Statements of Profit or Loss .......................................139 Statements of Other Comprehensive Income ....................................................................................140 Statements of Changes in Equity ............................141 Statements of Cash Flows ............................................144 Notes to the Financial Statements .........................146 Statement by Directors ...................................................211 Statutory Declaration ........................................................211 Independent Auditors’ Report ....................................212 Strategic Report Chief Executive Officer’s Statement .......................048 Market Review .......................................................................054 Value Creation Business Model .................................056 Stakeholder Engagement ..............................................058 Material Issues .......................................................................060 Strategic Direction and Focus, Achievements & 2020 Priorities ...........................066 Key Performance Indicators ........................................068 Principal/Key Risks and Mitigation .........................070 Business Review Food & Beverages Malaysia .........................................074 Food & Beverages Thailand .........................................080 Performance Review 5-Year Group Financial Summary ............................086 5-Year Group Financial Highlights ...........................087 Simplified Group Statement of Financial Position .............................................................088 Group Segmental Analysis ............................................089 Statement of Value Added ...........................................090 Group Quarterly Financial Performance ..............091 Financial Calendar ...............................................................093 Investor Information ..........................................................094 Share Price Chart ................................................................095 MANAGEMENT DISCUSSION AND ANALYSIS Group Financial Highlights 2019 pg018 Business Review Food & Beverages Malaysia pg074 Food & Beverages Thailand pg080 WHAT’S INSIDE 58 th ANNUAL GENERAL MEETING Venue Ballroom 1, First Floor, Sime Darby Convention Centre, 1A, Jalan Bukit Kiara 1, 60000 Kuala Lumpur. Date Monday, 20 th January 2020 at 10.00 a.m.

RkJQdWJsaXNoZXIy NDI1NzQx