KENANGA ANNUAL REPORT 2020

O U R J O U R N E Y T H I S Y E A R Our Business Who We Are 2 Corporate Structure 4 Corporate Information 6 Our Performance Chairman’s Message 8 Group Managing Director’s 12 Management Discussion & Analysis How We Are Governed Founder Emeritus & Adviser’s Profi le 20 Profi les of Directors 22 Group Managing Director’s Profi le 31 Senior Management’s Profi les 32 Corporate Governance Overview Statement 41 Ethics and Compl iance Statement 62 Statement on Risk Management and Internal Control 70 Audit Committee Report 74 Sustainability Statement 82 Financial Statements Five (5)-Year Group Financial Summary 109 Five (5)-Year Group Financial Highl ights 109 Directors’ Report 110 Statement by Directors 116 Statutory Declaration 116 Independent Auditors’ Report 117 Shariah Committee’s Report 123 Consol idated Statement of Financial Position 124 Statement of Financial Position 125 Statements of Profit or Loss and 126 Other Comprehensive Income Consol idated Statement of Changes in Equity 128 Statement of Changes in Equity 130 Statements of Cash Flows 131 Notes to the Financial Statements 134 Shareholders’ Information Analysis of Shareholdings 333 Distribution of Shareholdings 333 List of Thirty (30) Largest Shareholders 334 Substantial Shareholders’ Interests in Shares 335 Directors’ Shareholdings 335 Group Managing Director’s Interests in Securities 335 Additional Information Notice of Forty-Seventh (47 th ) Annual General Meeting 336 Statement Accompanying Notice of Forty-Seventh (47 th ) 341 Annual General Meeting Corporate Directory 342 Proxy Form 1 2 3 4 5 6 7