Table of Contents 1 370

FGV Annual Report 2016

OUR REPORT 4
Inside This Report 4
About This Report 5
CREATING VALUE FROM CHALLENGING TIMES 6
FGV at A Glance 6
5-Year Financial Review 8
WHO WE ARE & HOW WE CREATE VALUE 9
Corporate Information 9
Company Profile 10
Our Global Presence 12
Market Landscape 14
Our Relationship with Stakeholders 17
Resources We Use to Create Value 19
Our Business Model Integrates the Entire Value Chain 20
Awards & Accolades 22
Moments of the Year 24
CHAIRMAN'S STATEMENT 26
Chairman's Statement 26
MANAGEMENT DISCUSSION & ANALYSIS 29
Group President/Chief Executive Officer's Message 29
Cluster Performance: Palm Upstream 32
Cluster Performance: Palm Downstream 38
Cluster Performance: Sugar 42
Cluster Performance: Trading & Marketing, Logistics and Others (TMLO) 45
Cluster Performance: Research & Development and Agri-Services (RD&A) 48
Cluster Performance: Rubber 52
Strategic Plan 2020 (SP20) 54
Developing Our People 56
REPORTING ON WHAT MATTERS 60
Sustainability Statement 60
Our Commitment and Approach 61
Addressing Economic Impact 66
Environment Stewardship 69
Social 75
Occupational Safety and Health (OSH) 80
HOW WE ARE GOVERNED 84
Directors' Profile 84
Key Senior Management's Profile 89
Chairman's Statement on Corporate Governance 94
Corporate Governance Statement 95
Statement on Risk Management and Internal Control 135
Statement on Directors' Responsibility 142
FINANCIAL REPORT 143
Group Chief Financial Officer's Statement 143
FGV's Treasury Management Centre 146
Directors' Report 148
Statement by Directors 153
Statutory Declaration 153
Independent Auditors' Report 154
Statements of Comprehensive Income 164
Statements of Financial Position 166
Consolidated Statement of Changes in Equity 169
Statement of Changes in Equity 171
Statements of Cash Flows 172
Notes to the Financial Statements 177
Supplementary Information 342
ADDITIONAL INFORMATION 343
Share Price Movement 343
Financial Calendar 344
Analysis of Shareholdings 345
Top 10 Properties of the FGV Group 348
Additional Disclosure 350
Compliance with the Principles and Recommendations of the Malaysian Code on Corporate Governance 2012 ("MCCG 2012") 355
Independent Assurance Report 357
DETAILS OF ANNUAL GENERAL MEETING 359
Notice of Annual General Meeting 359
Statement Accompanying Notice of Annual General Meeting 364
Administrative Details 365
Proxy Form 367

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