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Annual Report 2016

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Annual Report 2016 Annual Report 2016 INDUSTRIAL PORT & SHIPPING STRATEGIC INVESTMENT FOOD AND RESTAURANT SERVICES KULIM SPECIALIST HEALTHCARE HOUSING PROPERTY CORPORATE RESPONSIBILITY BCM & INNOVATION ICT Core/Strategic Businesses KULIM BUSINESSES STRATEGIC INVESTMENT INTRAPRENEUR AND O&G BUSINESSES Spearheaded by Kulim (Malaysia) Berhad. Established in 1933 This segment represents Johor Corporation’s approach in light of in United Kingdom as Kulim Rubber Plantations Limited. Main nurturing an entrepreneurial culture particularly among employees and activities: Plantations (Oil Palm), Intrapreneur Ventures as external communities that demonstrates interest in business ventures well as Oil and Gas (O&G). Kulim management and growth particularly in cattle farming, agriculture and O&G. strategies are steered on the basis of Vision 30:30. SPECIALIST HEALTHCARE PROPERTY KPJ Healthcare Berhad is Malaysia’s largest group of private Spearheaded by Johor Land Berhad since 1972 involving residential property healthcare and specialist medical care. It is a listed entity in and commercial developments with 1,012 hectares of land bank at strategic the Main Board of Bursa Malaysia since 1994. Managing 25 locations within Iskandar Malaysia. Current and future development projects private hospitals in Malaysia; Jakarta, Indonesia (two) and are Bandar Dato’ Onn, Bandar Tiram, Taman Seroja, Taman Damansara Aliff, Dhaka, Bangladesh (one) while investing in a Bangkok-based Bandar Baru Majidee, Larkin Central Park, Kempas, Bandar Baru Tampoi, Pasir private hospital as well as a hospital and aged-care facility Gudang and Sri Gading in Batu Pahat. Implementing sustainable development in Brisbane, Australia. Supported by over 1,000 medical concepts through provision of exclusive identity for the residents of its specialists and 12,322 employees. township as well as providing strategic commercial spaces and business locations. Realising the policy of Dasar Perumahan Rakyat Johor through construction of 7,599 units of Johor Affordable Housing (RMMJ) beginning 2013 until 2020, also Rumah Impian Bangsa Johor (RIBJ) scheme starting 2017. PROPERTY INVESTMENT • DAMANSARA ASSETS SDN BHD Implementing commercial property investment and building management FOOD AND RESTAURANT SERVICES activities particularly shopping malls, office buildings, transport terminal, Spearheaded by QSR Brands (M) Holdings Bhd. Main activities: bazaars, sports complex and resorts. Food and Restaurant Services. Total number of employees: • AL-`AQAR HEALTHCARE REIT 30,000. Implementing a fully-integrated value chain. Franchise The world’s first Islamic REIT and the first healthcare-related Islamic REIT holder and operator of KFC chain of restaurants in Malaysia, in Asia. Singapore, Brunei and Cambodia. Franchise holder and • AL-SALAM REIT operator of Pizza Hut chain in Malaysia and Singapore. Widely The second Islamic REIT launched by Johor Corporation. involved in the poultry industry through large-scale production of chicken feed, production of livestock and contract farming INDUSTRIAL COMPLEX DEVELOPMENT management of boilers; hatchery and processing of Ayamas • TPM TECHNOPARK SDN BHD chicken-based downstream products, as well as various Developing industrial areas and playing the vital role as Johor other businesses including bread factory, commissiary, Corporation’s project manager. Involved in management services of manufacturing of Life sauce and a distribution company known commercial projects and developments of infrastructure. Represents as as QSR Trading Sdn Bhd. the marketing agent and developer of industrial areas owned by Johor Corporation. • TANJUNG LANGSAT PORT Stretched on a 405-hectare area, Tanjung Langsat Port is the gateway and backbone of Tanjung Langsat Industrial Complex (TLIC). Facts At A Glance Pizza Hut Restaurants LARKIN SENTRAL TERMINAL 27,000 visitors daily taxi trips 600 daily 391 Domestic CATTLE bus companies FARMING/ FEEDLOT 56 1,500 – 2,000 7,132 bus trips Number of cattles daily TANJUNG LANGSAT INDUSTRIAL COMPLEX Johor Affordable Housing (RMMJ) 2,505 RM24 number of vessels BILLION 7,599 total investment units 12,060 employment opportunities created OUR NEW FEATURES IN THIS ANNUAL REPORT These QR code links will take you to information that is SIX EASY STEPS TO VIEW MORE viewable on your smartphone. INFORMATION FROM JOHOR Download an application for CORPORATION ANNUAL REPORT 2016: your phone, scan the code and the relevant page will open in your browser window. Bakodo or i-Nigma for iPhone, QR Code Scanner Pro for 1. Search for i-Nova App from Apple App Store or Google Play on your smartphone. BlackBerryR and Barcode Scanner for Android all work well. 2. Click the app and install. (Please check your device compatibility before installing). 3. Once installed, click open to launch the Augmented Reality (AR) Application. 4. Click the start button from the i-Nova App to launch the AR camera. 5. Look for the “i-Nova icon” in the book and scan the image with AR camera to enjoy interactive AR This icon tells you where you can find content. more information online at www.jcorp.com.my. 6. You may click on the interactive buttons to explore additional contents. A conglomerate contributing to the state and national economic growth through efficient and effective business entities while upholding community interests. A catalyst harnessing sustainable business growth and subsequently achieving success to discharge its obligations as a state investment corporation. Maintaining its position as a MISSION competitive, profit-generating and highly-regarded business entity that leads & dominates the market. Contributing and improving the well-being of the community through business success and corporate responsibility undertakings. VISION Membina JOHOR dan CORPORATION Membela CORE VALUE 2.0 INTEGRITY We execute our task with trustworthiness, honesty, fairness in line with the law and corporate governance PROFESSIONAL principles. We are committed in executing our task efficiently through professional knowledge and skills, thereby providing excellent INNOVATIVE service and quality product to We are knowledgeable, our customer and shareholders. visionary, creative, dare to lead, responsive and resourceful in pursuit of Johor Corporation's LOYAL Business Continuity Mission. We execute our responsibility with dedication and commitment towards Johor Corporation's mission and TEAMWORK vision while being resilient We work as a team, and devoted to Johor contributing to achieve a Corporation. common goal and shared vision. SECTION 1 CORPORATE STATEMENT 4 Chairman’s Statement 7 Corporate Statement SECTION 4 PROSPECT 36 Economic Review 38 Kulim Businesses 46 Specialist Healthcare Businesses 50 Food & Restaurant Services Business 53 Property Division 60 Industrial Development Division 66 Business Development Division SECTION 2 68 Corporate Responsibility Division 74 Human Capital Division ABOUT JOHOR CORPORATION 15 Corporate Profile & Information SECTION 5 16 Business & Corporate Structure CORPORATE GOVERNANCE 18 Board of Directors 20 Board of Directors’ Profile 76 Statement on Corporate Governance 22 Board of Audit Committee 80 Statement on Risk Management & Internal 22 Board of Tender Committee CONTENTS Control 23 Group Top Management Committee (Teraju) 83 Audit Committee Report 25 Teraju Korporat Committee 28 Executive Committee (EXCO) 31 Investment Review Committee (JAWS) SECTION 6 FINANCIAL STATEMENTS 85 Financial Statements SECTION 3 FINANCIAL HIGHLIGHTS 33 Financial Review RATIONALISATION 34 Summary of Financial Performance OF FRONT PAGE (Johor Corporation) 2012 - 2016 35 Summary of Financial Performance The triangle with icon in it displays the dynamic and (Group) 2012 - 2016 progression of each sector or business involved. The sharp corners reflect the capabilities to go through market challenges and adversaries. SECTION 1 SECTION 2 SECTION 3 Chairman’s Statement “ DURING THE GLOOMY GLOBAL ECONOMIC AND LACKLUSTRE MARKET ENVIRONMENT, JOHOR CORPORATION AND ITS GROUP OF COMPANIES WERE STILL ABLE TO RECORD DATO’ MOHAMED COMMENDABLE EARNINGS THROUGH ITS KHALED BIN NORDIN DIVERSIFIED BUSINESSES.” Chairman, Johor Corporation 4 JOHOR CORPORATION SECTION 4 SECTION 5 SECTION 6 Chairman’s Statement SINCE taking over the helm of the Johor state administration in May 2013, I could see that the performance and direction of Johor Corporation echoed the credibility of the state Government. From day one in my capacity as the Chairman of Johor Corporation, I have chosen to bring Johor Corporation close to me and the State Government. Today, Johor Corporation stands as the State Government’s most prominent conglomerate. Prominence that is dictated by impressive achievements and the successful implementation of each of the State Government’s aspiration, dating way back to Johor Corporation’s inception. It is for that very reason, each time, upon tabling the Johor State Budget, I would ascertain that Johor Corporation play its part in realising several key touchpoints which of IIBD with a Gross Development Value (GDV) which is expected to be over RM20 billion is to transform the city of would benefit the people of Johor. Among Johor Bahru into a commercial center of international standards based on the IIBD Master Plan 2025. others, it involves infrastructure development and projects of public interest, along with Further to that, Johor Corporation was mandated with the task of actualizing the ‘Rumah Impian Bangsa Johor’ enhancement programs in the field of human program, under the Sultan Ibrahim Foundation
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