FGV Audited Financial Statements 2019

TABLE OF CONTENTS 01 FRONT PAGE Vivid orange. The perfect shade that exhibits the vibrancy of FGV Holdings Berhad as we strive towards rebuilding confidence and trust in FGV; as we move closer to the vision of being a world-leading integrated and sustainable agribusiness. Underpinning the move to change is our commitment to operational efficiency and the fundamentals of continued value creation for our stakeholders, particularly the smallholders. These efforts accentuate our goals of achieving our vision and striving for a greater purpose and a better tomorrow for the benefit of all. ABOUT THIS REPORT This report contains the financial statements for FGV Holdings Berhad ("The Group") for the year ended 31 December 2019. The report is a comprehensive review and record of the Group's financial performance, which has also been audited and assessed by external auditors. The financial statements of the Group have been prepared in accordance with requirements of the Malaysian Financial Reporting Standards ("MFRS"), International Financial Reporting Standards ("IFRS") and the Companies Act 2016. 1 Statement on Directors’ Responsibility 2 Directors’ Report 7 Statement by Directors 7 Statutory Declaration 8 Independent Auditors’ Report 15 Statements of Profit or Loss 16 Statements of Comprehensive Income 17 Statements of Financial Position 20 Consolidated Statement of Changes in Equity 22 Statement of Changes in Equity 24 Statements of Cash Flows 32 Notes to the Financial Statements FGV HOLDINGS BERHAD