HAP SENG PLANTATIONS HOLDINGS BERHAD | ANNUAL REPORT 2020 |
CONTENTS
CORPORATE INFORMATION
Corporate Information | 01 |
OUR PERFORMANCE REVIEW
Group Financial Highlights | 02 | |
Management Discussion and Analysis | 04 | |
· | Market Condition | |
· | Management Strategies | |
· | 2020 Financial Review | |
· | Operational Performance | |
· Short and Long-term Goals | ||
· Anticipated or Known Risks | ||
· | Outlook for 2021 | |
· | 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 | 33 |
Nominating Committee Report | 35 |
Remuneration Committee Report | 36 |
Statement on Risk Management | 37 |
and Internal Control |
SUSTAINABILITY STATEMENT
Strengthening Our Sustainability Practices | 42 |
DIRECTORS' RESPONSIBILITY STATEMENT
Directors' Responsibility Statement | 64 |
FINANCIAL STATEMENTS AND
OTHER INFORMATION
Financial Statements | 65 |
Additional Information | 140 |
Particulars of Group's Properties | 142 |
Plantation Statistics | 144 |
Analysis of Shareholdings | 146 |
Directors' Shareholdings | 149 |
Notice of Annual General Meeting | 150 |
Proxy Form
HAP SENG PLANTATIONS HOLDINGS BERHAD
ANNUAL REPORT 2020
CORPORATE INFORMATION
BOARD OF DIRECTORS
Dato' Mohammed Bin
Haji Che Hussein
Independent Non-Executive
Chairman
Datuk Simon Shim Kong Yip, JP
Non-IndependentNon-Executive
Deputy Chairman
Datuk Edward Lee Ming Foo, JP
Managing Director
Lee Wee Yong
Executive Director
Cheah Yee Leng
Executive Director
Au Yong Siew Fah
Executive Director
Datuk Amat Asri @ A.Asrie
B.Ab Kadir @ A.Kadir, JP
Independent Non-Executive
Director
Chong Kwea Seng
Independent Non-Executive
Director
Choy Khai Choon
Independent Non-Executive
Director
Tan Sri Amirsham Bin A Aziz
Independent Non-Executive
Director
Datuk Jasa @ Ismail Bin
Rauddah
Non-IndependentNon-Executive
Director
Andrew John Barber
Independent Non-Executive
Director
COMPANY SECRETARIES
Cheah Yee Leng (LS 0009398)
SSM Practising Certificate
No. 202008000771
Lim Guan Nee (MAICSA 7009321) SSM Practising Certificate No. 202008003410
REGISTERED OFFICE
21st Floor, Menara Hap Seng
Jalan P. Ramlee
50250 Kuala Lumpur
Tel | : 603-2172 5228 |
Fax | : 603-2172 5286 |
: inquiry@ |
hapsengplantations.com.my Website : www. hapsengplantations.com.my
PLACE OF INCORPORATION
Malaysia
SHARE REGISTRAR
Tricor Investor & Issuing House
Services Sdn Bhd
Registration No. 197101000970
(11324-H)
Unit 32-01, Level 32, Tower A
Vertical Business Suite
Avenue 3, Bangsar South
No. 8, Jalan Kerinchi
59200 Kuala Lumpur
Tel | : 603-2783 9299 |
Fax | : 603-2783 9222 |
AUDITORS
KPMG PLT
(LLP0010081-LCA & AF 0758)
Chartered Accountants
Lot 3A.01, Level 3A
Plaza Shell, 29
Jalan Tunku Abdul Rahman
88000 Kota Kinabalu
Sabah
PRINCIPAL BANKER
Malayan Banking Berhad
1
HAP SENG PLANTATIONS HOLDINGS BERHAD
ANNUAL REPORT 2020
GROUP FINANCIAL HIGHLIGHTS
FINANCIAL YEAR ENDED 31 DECEMBER | |||||
2020 | 2019 | 2018 | 2017* | 2016 | |
INCOME (RM'000) | 467,595 | ||||
Revenue | 418,598 | 390,756 | 555,072 | 503,427 | |
Profit before interest and tax | 110,020 | 38,412 | 36,186 | 145,904 | 165,893 |
Profit before tax | 108,400 | 36,559 | 37,151 | 146,931 | 167,146 |
Profit attributable to owners of the Company | 90,296 | 31,449 | 29,109 | 109,218 | 124,118 |
FINANCIAL POSITION (RM'000) | |||||
Assets | 2,181,885 | ||||
Total assets | 2,137,699 | 2,070,055 | 2,115,908 | 2,292,033 | |
Net assets | 1,714,826 | 1,652,519 | 1,638,434 | 1,669,311 | 2,040,139 |
Current assets | 380,377 | 242,828 | 232,286 | 273,419 | 240,647 |
Liabilities | 48,269 | ||||
Current liabilities | 50,363 | 42,370 | 53,786 | 59,945 | |
Shareholders' Equity | 1,475,578 | ||||
Paid-up share capital | 1,475,578 | 1,475,578 | 1,475,578 | 800,000 | |
Shareholders' equity | 1,714,826 | 1,652,519 | 1,638,434 | 1,669,311 | 2,040,139 |
Number of shares | 799,685 | ||||
- Weighted average shares in issue net of | 799,686 | 799,690 | 799,694 | 799,698 | |
treasury shares ('000) | 799,685 | ||||
- Shares in issue net of treasury shares ('000) | 799,685 | 799,687 | 799,691 | 799,695 | |
SHARE INFORMATION | |||||
Per share | 11.29 | 3.93 | 3.64 | 13.66 | 15.52 |
Basic earnings (sen)# | |||||
Net assets (RM)@ | 2.14 | 2.07 | 2.05 | 2.09 | 2.55 |
Dividend (sen) | 7.00 | 2.50 | 2.50 | 11.00 | 11.00 |
Share price | 2.12 | ||||
- Year High (RM) | 2.14 | 2.63 | 2.73 | 2.54 | |
- Year Low (RM) | 1.25 | 1.40 | 1.61 | 2.45 | 2.23 |
- As at 31 December (RM) | 1.80 | 2.13 | 1.64 | 2.55 | 2.52 |
Market capitalisation (RM'000) | 1,439,433 | 1,703,329 | 1,311,487 | 2,039,212 | 2,015,232 |
Trading volume ('000) | 40,517 | 11,822 | 9,358 | 30,409 | 21,826 |
FINANCIAL RATIOS | 4.14 | ||||
Return on total assets (%) | 1.47 | 1.41 | 5.16 | 5.42 | |
Return on shareholders' equity (%) | 5.27 | 1.90 | 1.78 | 6.54 | 6.08 |
Current ratio (times) | 7.88 | 4.82 | 5.48 | 5.08 | 4.01 |
- 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
HAP SENG PLANTATIONS HOLDINGS BERHAD
ANNUAL REPORT 2020
GROUP FINANCIAL HIGHLIGHTS
REVENUE | PROFIT BEFORE TAX |
(RM'million) | (RM'million) | ||||||||
467.6 | 418.6 | 390.8 | 555.1 | 503.4 | 108.4 | 146.9 | 167.1 | ||
36.6 | 37.2 | ||||||||
2020 | 2019 | 2018 | 2017 | 2016 | 2020 | 2019 | 2018 | 2017 | 2016 |
TOTAL ASSETS/NET ASSETS | BASIC EARNINGS PER SHARE/ |
(RM'million) | NET ASSETS PER SHARE |
(sen)/(RM) | ||||||||||||||||
2,181.9 | 1,714.8 | 2,137.7 | 1,652.5 | 2,070.1 | 1,638.4 | 2,115.9 | 1,669.3 | 2,292.0 | 2,040.1 | 11.29 | 13.66 | 15.52 | ||||
2.14 | 3.93 | 2.07 | 3.64 | 2.05 | 2.09 | 2.55 | ||||||||||
2020 | 2019 | 2018 | 2017 | 2016 | 2020 | 2019 | 2018 | 2017 | 2016 |
Total Assets | Net Assets | Basic earnings per share | Net assets per share |
3
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original document
- Permalink
Disclaimer
Hap Seng Plantations Holdings Bhd published this content on 26 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2021 03:07:01 UTC.