FGV Annual Report 2016

Our Report Creating Value from Challenging Times Who We Are & How We Create Value Chairman's Statement Management Discussion & Analysis Reporting on What Matters How We Are Governed Financial Report Additional Information Details of Annual General Meeting INSIDE THIS REPORT 2 Inside This Report 3 About This Report 4 FGV at A Glance 6 5-Year Financial Review 7 Corporate Information 8 Company Profile 10 Our Global Presence 12 Market Landscape 15 Our Relationship with Stakeholders 17 Resources We Use to Create Value 18 Our Business Model Integrates the Entire Value Chain 20 Awards & Accolades 22 Moments of the Year 82 Directors' Profile 87 Key Senior Management's Profile 92 Chairman's Statement on Corporate Governance 93 Corporate Governance Statement 133 Statement on Risk Management and Internal Control 140 Statement on Directors' Responsibility 141 Group Chief Financial Officer's Statement 144 FGV's Treasury Management Centre 146 Directors' Report 151 Statement by Directors 151 Statutory Declaration 152 Independent Auditors' Report 162 Statements of Comprehensive Income 164 Statements of Financial Position 167 Consolidated Statement of Changes in Equity 169 Statement of Changes in Equity 170 Statements of Cash Flows 175 Notes to the Financial Statements 340 Supplementary Information 341 Share Price Movement 342 Financial Calendar 343 Analysis of Shareholdings 346 Top 10 Properties of the FGV Group 348 Additional Disclosure • Utilisation of Proceeds • Non-audit Fees • Material Contracts • Revaluation Policy • Long Term Incentive Plan (LTIP) • Share Issuance Scheme • Recurrent Related Party Transaction of Revenue or Trading Nature 353 Compliance with the Principles and Recommendations of the Malaysian Code on Corporate Governance 2012 ("MCCG 2012") 355 Independent Assurance Report OUR REPORT 24 Chairman's Statement 27 Group President/Chief Executive Officer's Message 30 Cluster Performance • Palm Upstream • Palm Downstream • Sugar • Trading & Marketing, Logistics and Others (TMLO) • Research & Development and Agri-Services (RD&A) • Rubber 52 Strategic Plan 2020 (SP20) 54 Developing Our People 58 Sustainability Statement •Our Commitment and Approach •Addressing Economic Impact • Environment Stewardship • Social •Occupational Safety and Health (OSH) Annual General Meeting This icon refers readers to information elsewhere in this report. Venue Banquet Hall 1, Level B2, Menara Felda, Platinum Park, No. 11, Persiaran KLCC, 50088 Kuala Lumpur, Malaysia Date 25 May 2017 Time 11:00 a.m. 357 Notice of Annual General Meeting 362 Statement Accompanying Notice of Annual General Meeting 363 Administrative Details Proxy Form