HAP SENG PLANTATIONS HOLDINGS BERHAD
ANNUAL REPORT 2021
CONTENTS
CORPORATE INFORMATION
Corporate Information 01
SUSTAINABILITY STATEMENT
Strengthening Our Sustainability Practices 42
OUR PERFORMANCE REVIEW
Group Financial Highlights 02
Management Discussion and Analysis 04
· Market Condition
· Management Strategies
· 2021 Financial Review
· Operational Performance
· Short and Long-term Goals
· Anticipated or Known Risks
· Outlook for 2022
· Acknowledgement
HOW WE ARE GOVERNED
Board of Directors 10
Directors' Profile 11
Senior Management Team's Profile 23
Corporate Governance 25 Overview Statement
Audit Committee Report 34
Nominating Committee Report 36
Remuneration Committee Report 37
Statement on Risk Management 38 and Internal Control
DIRECTORS' RESPONSIBILITY STATEMENT
Directors' Responsibility Statement 62
FINANCIAL STATEMENTS AND
OTHER INFORMATION
Financial Statements 63
Additional Information 131
Particulars of Group's Properties 133
Plantation Statistics 135
Analysis of Shareholdings 137
Directors' Shareholdings 140
Notice of Annual General Meeting 141
Proxy Form
CORPORATE INFORMATION
Dato' Mohammed Bin | Cheah Yee Leng | Choy Khai Choon |
Haji Che Hussein | Executive Director | Independent Non-Executive |
Independent Non-Executive | Director | |
Chairman | ||
Datuk Simon Shim Kong Yip, JP | Au Yong Siew Fah | Tan Sri Amirsham Bin A Aziz |
Non-Independent Non-Executive | Executive Director | Independent Non-Executive |
Deputy Chairman | Director | |
Datuk Edward Lee Ming Foo, JP | Datuk Amat Asri @ A.Asrie | Andrew John Barber |
Managing Director | B.Ab Kadir @ A.Kadir, JP | Independent Non-Executive |
Independent Non-Executive | Director | |
Director | ||
Lee Wee Yong | Chong Kwea Seng | Datuk Hamisa Binti Samat |
Executive Director | Independent Non-Executive | Non-Independent Non-Executive |
Director | Director | |
COMPANY SECRETARIES | PLACE OF INCORPORATION | AUDITORS |
Cheah Yee Leng | Malaysia | KPMG PLT |
(LS 0009398) | (LLP0010081-LCA & AF 0758) | |
SSM Practising Certificate No. | Chartered Accountants | |
202008000771 | SHARE REGISTRAR | Lot 3A.01, Level 3A |
Plaza Shell | ||
Lim Guan Nee | ||
Tricor Investor & Issuing House | 29 Jalan Tunku Abdul Rahman | |
(MAICSA 7009321) | ||
Services Sdn Bhd | 88000 Kota Kinabalu | |
SSM Practising Certificate No. | ||
Registration No. 197101000970 | Sabah | |
202008003410 | ||
(11324-H) | ||
Unit 32-01, Level 32 | ||
REGISTERED OFFICE | PRINCIPAL BANKER | |
Tower A, Vertical Business Suite | ||
Avenue 3, Bangsar South | ||
21st Floor, Menara Hap Seng | No. 8, Jalan Kerinchi | Malayan Banking Berhad |
Jalan P. Ramlee | 59200 Kuala Lumpur | |
50250 Kuala Lumpur | Tel : 603-2783 9299 | |
Tel : 603-2172 5228 | Fax : 603-2783 9222 | |
Fax : 603-2172 5286 | ||
E-mail : inquiry@ | ||
hapsengplantations.com.my | ||
Website: www. | ||
hapsengplantations.com.my |
GROUP FINANCIAL HIGHLIGHTS
FINANCIAL YEAR ENDED 31 DECEMBER
2021 | 2020 | 2019 | 2018 | 2017* | |
INCOME (RM'000) | |||||
Revenue | 670,851 | 467,595 | 418,598 | 390,756 | 555,072 |
Profit before interest and tax | 291,458 | 110,020 | 38,412 | 36,186 | 145,904 |
Profit before tax | 290,260 | 108,400 | 36,559 | 37,151 | 146,931 |
Profit attributable to owners of the Company | 224,023 | 90,296 | 31,449 | 29,109 | 109,218 |
FINANCIAL POSITION (RM'000) | |||||
Assets | |||||
Total assets | 2,369,302 | 2,181,885 | 2,137,699 | 2,070,055 | 2,115,908 |
Net assets | 1,882,871 | 1,714,826 | 1,652,519 | 1,638,434 | 1,669,311 |
Current assets | 658,732 | 380,377 | 242,828 | 232,286 | 273,419 |
Liabilities | |||||
Current liabilities | 64,357 | 48,269 | 50,363 | 42,370 | 53,786 |
Equity | |||||
Paid-up share capital | 1,475,578 | 1,475,578 | 1,475,578 | 1,475,578 | 1,475,578 |
Shareholders' equity | 1,882,871 | 1,714,826 | 1,652,519 | 1,638,434 | 1,669,311 |
Number of shares | |||||
- Weighted average shares in issue net of | |||||
treasury shares ('000) | 799,685 | 799,685 | 799,686 | 799,690 | 799,694 |
- Shares in issue net of treasury shares ('000) | 799,685 | 799,685 | 799,685 | 799,687 | 799,691 |
SHARE INFORMATION | |||||
Per share | |||||
Basic earnings (sen)# | 28.01 | 11.29 | 3.93 | 3.64 | 13.66 |
Net assets (RM)@ | 2.35 | 2.14 | 2.07 | 2.05 | 2.09 |
Dividend (sen) | 17.00 | 7.00 | 2.50 | 2.50 | 11.00 |
Share price | |||||
- Year High (RM) | 2.24 | 2.12 | 2.14 | 2.63 | 2.73 |
- Year Low (RM) | 1.73 | 1.25 | 1.40 | 1.61 | 2.45 |
- As at 31 December (RM) | 1.97 | 1.80 | 2.13 | 1.64 | 2.55 |
Market capitalisation (RM' 000) | 1,575,379 | 1,439,433 | 1,703,329 | 1,311,487 | 2,039,212 |
Trading volume ('000) | 23,169 | 40,517 | 11,822 | 9,358 | 30,409 |
FINANCIAL RATIOS | |||||
Return on total assets (%) | 9.46 | 4.14 | 1.47 | 1.41 | 5.16 |
Return on shareholders' equity (%) | 11.90 | 5.27 | 1.90 | 1.78 | 6.54 |
Current ratio (times) | 10.24 | 7.88 | 4.82 | 5.48 | 5.08 |
* | The figures for financial year ended 31 December 2017 have been restated to reflect the application of the Malaysian Financial Reporting |
Standards framework | |
# | Based on weighted average number of shares in issue net of treasury shares ('000) |
@ | Based on number of shares in issue net of treasury shares ('000) |
2 |
GROUP FINANCIAL HIGHLIGHTS
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Hap Seng Plantations Holdings Bhd published this content on 27 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 April 2022 04:04:03 UTC.