Page 3 - MSM_AIR2021

INSIDE THIS REPORT

pg. 118 - 181

ABOUT THIS REPORT SUSTAINABILITY JOURNEY
118 Board Statement on Sustainability
pg. 8 - 45 122 Our Sustainability Commitment
124 Our Sustainability Governance
WHO WE ARE 128 Our Way Forward in Our Sustainability Journey
8 Corporate Profile 130 Environment Initiatives
10 Our Mission, Vision & Core Values 142 Social Initiatives
12 Our Presence 175 Governance Initiatives
14 Our Value Chain pg. 184 - 263
16 Market Landscape
19 MSM Products HOW WE ARE GOVERNED
22 Our Corporate Details 184 Board of Directors Diversity
23 Our Group Structure 186 Profile of Directors
24 Our Organisational Structure 195 Profile of Company Secretary
26 Our Achievements 196 Executive Committee at a Glance
28 2021 Key Event Highlights 198 Profile of Executive Committee
34 MSM in the News 205 Profile of Heads of Operations
40 5-Year Financial Highlights 208 Corporate Governance Overview Statement
41 Statement of Financial Position 229 Audit, Governance and Risk Committee Report
42 Quarterly Financial Performance 236 Nomination and Remuneration Committee Report
43 Statement of Value Added 245 Investment and Tender Committee Report
44 Segmental Highlights 247 Additional Compliance Information
45 Sales Highlights 251 Statement on Risk Management and Internal Control
pg. 48 - 91
pg. 265 - 369
STATEMENT & DISCUSSION
BY OUR LEADERS FINANCIAL STATEMENTS
48 Chairman’s Address 265 Statement on Directors’ Responsibilities
56 In Conversation with Our Group Chief Executive 266 Directors’ Report
Officer 270 Statement by Directors
66 Group Financial Review 270 Statutory Declaration
70 Corporate Strategy and Business Plan Review 271 Independent Auditors’ Report
74 Key Challenges & Mitigations 276 Statements of Comprehensive Income
76 Group Business Review 278 Statements of Financial Position
76 Raw Sugar Sourcing & Procurement 280 Consolidated Statement of Changes in Equity
80 Operational & Refining 281 Company Statement of Changes in Equity
84 Commercial & Downstream 282 Statements of Cash Flows
88 Supply Chain 286 Notes to the Financial Statements
pg. 94 - 115
pg. 372 - 394
HOW WE OPERATE
94 Our Business Model ADDITIONAL INFORMATION
96 Materiality Assessment Process 372 Analysis of Shareholdings
102 Stakeholders Engagement 375 Summary of Properties Leased
108 Investor Relations with a Difference 376 List of Top 10 Properties Owned
115 Financial Calendar 378 Notice of Annual General Meeting
388 Statement Accompanying Notice of the
th
11 Annual General Meeting
389 Administrative Guide
Proxy Form