Financial Performance - Revenue for 2022 reached MYR 600,587, an increase of 18.2% from MYR 508,086 in 2021[5] - Profit before taxation for 2022 was MYR 134,758, up 11.0% from MYR 120,574 in 2021[5] - Profit after taxation for 2022 amounted to MYR 133,301, representing a 14.1% increase compared to MYR 116,744 in 2021[5] - Total assets as of 2022 were MYR 1,001,661, a significant rise from MYR 825,080 in 2021, marking a growth of 21.4%[5] - Total liabilities increased to MYR 264,948 in 2022, up from MYR 188,337 in 2021, reflecting a growth of 40.7%[5] - Net assets for 2022 were MYR 736,713, compared to MYR 636,743 in 2021, indicating an increase of 15.7%[5] Corporate Strategy and Growth - The company aims to be a leader in global automation solutions, focusing on high-quality and cost-effective solutions[17] - Future growth strategies include leveraging technology trends to enhance the company's global footprint[18] - The company is committed to continuous innovation in new products and technologies to meet market demands[18] - Expansion plans include increasing presence in key markets such as China and Japan through subsidiaries[8] Board Governance and Structure - The Board is responsible for guiding and monitoring the Company, overseeing the Group's businesses, strategic decisions, and performance[38] - The Company has appointed three independent non-executive Directors, representing more than one-third of the Board, fulfilling independence requirements[40] - The Audit Committee is responsible for reviewing financial reporting, risk management, and internal control systems[64] - The Board aims to maintain at least one Director of a different gender, with current representation of two female Directors out of six[52] - The Company has established a diversity policy to ensure a balanced representation of skills, experience, and perspectives on the Board[47] - The Board has access to senior management for information and decision-making support[61] - The Company has adopted a policy for obtaining independent views and input to enhance corporate governance[58] - The Board will annually review the implementation and effectiveness of the diversity policy[53] - The Company is committed to developing a diverse pool of skilled employees for future leadership roles[55] Share Awards and Compensation - The Board approved the grant of 11,402,000 award shares, representing approximately 0.71% of the total issued shares, to selected employees[71] - The maximum number of shares permitted to be issued under the Scheme is 80,000,000 shares, which represents approximately 5% of the total issued shares as of the Adoption Date[73] - In 2022, 250,000 award shares were granted to executive director Gan Pei Joo, with the trustee purchasing 24,618,000 shares during the year[74] - The total number of award shares for 2021, including a bonus issue, amounts to 17,103,000 shares[71] - The trustee purchased 3,110,000 shares during 2021 to satisfy the 2021 award shares[71] - The maximum number of shares that may be awarded to an individual selected employee under the Scheme shall not exceed 1% of the total number of issued shares[73] - The granted shares vest on a three-year equal basis, with the first vesting date on January 4, 2021[144] - The total number of shares issued after the bonus adjustment is 120,000,000 shares[73] - The trustee will acquire the award shares through on-market purchases upon satisfaction of vesting conditions[71] Director and Officer Insurance and Nomination - The company has arranged appropriate insurance cover for potential legal actions against its Directors and Officers[124] - The company has established a Nomination Committee consisting of three independent non-executive Directors to review the structure, size, and composition of the Board[170] - One Nomination Committee meeting was held during the year ended December 31, 2022, to review the retirement and re-nomination of directors for re-election[170] - The Board has adopted a nomination policy that includes key selection criteria for Directors, ensuring at least one Director of a different gender is present[172][173] - All Directors are subject to retirement and re-election at least once every three years, with one-third of all Directors retiring by rotation[181] - The company emphasizes continuous professional development for all Directors to ensure they contribute effectively to the Board[185] - The attendance record for Board meetings shows full participation from all Directors, indicating strong governance practices[200] - The company has a formal and transparent process for the appointment and removal of Directors, led by the Nomination Committee[179] - The Nomination Committee assesses the independence of non-executive Directors in accordance with Listing Rules[173] - The company has implemented a Board Diversity Policy to enhance the diversity of perspectives within the Board[174] Auditor Remuneration - The total auditor's remuneration for the year was reported as 700,000[187]
槟杰科达(01665) - 2022 - 年度财报