Table of Contents 1 332

IHH Annual Report 2019

IHH ANNUAL REPORT 2019 1
Contents 2
Group Overview 4
IHH at a Glance 4
Case Study 6
Focus with Fortitude 6
Scale with Excellence 9
Optimise with Efficiency 10
Financial Highlights 12
Operational and Sustainability Highlights 14
Corporate Milestones 16
Awards and Accreditations 18
Strategic Report 21
Chairman’s Statement 22
CEO’s Message 28
Looking Ahead With Our New CEO 32
Business Model 36
Stakeholder Engagement 38
Our Material Matters 42
Market Outlook 44
Business Strategy 46
Risk Management 48
Principal Risk 49
Performance Review 51
Financial Review 53
Operating Review 56
Malaysia 56
Singapore 57
Turkey 58
India 59
Greater China 60
IMU Health 61
ParkwayLife REIT 61
Sustainability 63
Defining Our Scope 64
Benchmarking Sustainability 66
Our Patients 67
Our People 75
Our Organisation 80
Our Environment 86
Our Community 90
Governance 95
Board of Directors 96
Group Management 103
Corporate Governance Overview Statement 108
Nomination Committee Report 119
Remuneration Committee Report 124
Audit Committee Report 126
Risk Management Committee Report 131
Statement on Risk Management and Internal Control 134
Sustainability Governance 140
Investor Relations Report 141
Other Information 144
Additional Compliance Information 144
Directors’ Responsibility Statement 146
Financial Statements 147
Directors’ Report 148
Statement by Directors 155
Statutory Declaration 155
Independent Auditors’ Report 156
Statements of Financial Position 161
Statements of Profit or Loss and Other Comprehensive Income 163
Statements of Changes in Equity 164
Statements of Cash Flows 170
Notes to the Financial Statements 173
Additional Corporate Information 316
Analysis of Shareholdings 316
List of Top 30 Largest Shareholders 319
List of Top 10 Properties 321
Notice of Tenth Annual General Meeting 323
Form of Proxy 329

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