KPJ Healthcare Berhad - Annual Report 2018

2 KPJ HEALTHCARE BERHAD REPORTING PHILOSOPHY – OUR FIRST INTEGRATED REPORT Since 2016, KPJ Healthcare Berhad (KPJ or the Group) has embarked on the path of integrated thinking and the presentation of its reporting format with the aim of presenting a clear and detailed account on our Group, our businesses, our strategies, as well as how we create and share value with and for all our stakeholders. Applying global best practices and guided by the International Integrated Reporting Council (IIRC), we have been moving towards a concise and focused business reporting format which offers a complete strategic vision of the company. The adoption of Integrated Reporting (IR) remains modest in Malaysia, where five companies published Integrated Reports in 2016, compared to none in 2015. The trend is growing where 3000 companies globally have published their Integrated Reports as a result of the expectations of investors, customers, business partners, non-governmental organisations (NGOs) and employees converging to demand greater readability, clarity, coherence, materiality and connectivity of information. This Integrated Report 2018 is a major milestone for KPJ as it underpins our commitment to sustainable and long-term value creation. We seek to demonstrate the relationship between our resources, actions and the value we create. The report illustrates the links between our financial and non-financial risks, and the opportunities we capitalise upon. REPORTING SUITE In 2018, the Group’s value creation process will be encapsulated within a coherent framework in terms of content and graphics within the following reporting suite: • Integrated Report 2018 (hardcopy and online publication) • Sustainability Report 2018 (hard copy and online publication) • Corporate Governance Report (online publication) • Financial Report 2018 (hardcopy and online publication) All documents are available on KPJ Healthcare Berhad’s website at http://www.kpjhealth.com.my REPORTING SCOPE AND BOUNDARY This IR extends beyond financial reporting and includes non-financial performance, opportunities, risks and outcomes attributable to, or associated with, our key stakeholders, which have a significant influence on our ability to create value. The Integrated Report 2018 covers the period from 1 January to 31 December 2018 and builds on our previous publications. The report covers the primary activities of the group, namely our operations in Malaysia, Indonesia, Thailand, Bangladesh and Australia. REPORTING FRAMEWORKS The report complies with prevailing regulations and is in accordance with the International <IR> Framework by the IIRC. We apply and take into account the amendments to the Listing Requirements relating to corporate governance (CG) announced on the 29 November 2017 pursuant to the implementation of the Companies Act 2016 (CA 2016) and the launch of the new Malaysian Code on Corporate Governance released in 2017 (MCCG 2017) from the Securities Commission on 26 April 2017. The financial position of the Group and of the Company is prepared in accordance with the Malaysian Financial Reporting Standards, International Financial Reporting Standards and the requirements of the CA 2016 for the financial year ended, 31 December 2018. KPJ HEALTHCARE BERHAD (KPJ ) HAS A FULL SU I TE OF REPORT ING PUBL I CAT IONS WHI CH ADHERE TO THE GU IDEL INES LAID DOWN BY BURSA MALAYS IA’ S MAIN MARKET L I ST ING REQU IREMENTS . ABOUT THIS REPORT