THREE ACRE FARMS PLC Weaving through the complex and challenging landscape which defined the year 2021, we at Three Acre Farms PLC are proud to have upheld our ability to provide our stakeholders with increasing value on their investment and customers with uncompromised quality in service and operations.
Adapting our strategies to explore innovative methods that develop viable solutions for sustainable expansion, we nurtured new insights that would guide us towards establishing long-term value and sustainable growth in times of challenging economy.
Advancing to 2022, we look forward to building on our value proposition by focusing on prudent strategic direction and perceptive vision to sustain our market leadership creating significant value to all our stakeholders as we advance towards a far greater, sustainable future.
CONTENT
ABOUT US
Our Core Values, Our Vision and Our Mission ..................................................................................................................... 3
Our History ............................................................................................................................................................................ 4
Our Group Structure .............................................................................................................................................................. 5
Our Milestones ...................................................................................................................................................................... 6
Our Leadership
Chairman's Message ............................................................................................................................................................. 8
Chief Executive Officer's Review ........................................................................................................................................ 10
Board of Directors ............................................................................................................................................................... 12
Governance Reports
Corporate Governance Review ........................................................................................................................................... 14
Audit Committee Report ..................................................................................................................................................... 28
Nomination Committee Report .......................................................................................................................................... 31
Remuneration Committee Report ...................................................................................................................................... 32
Related Party Transactions Review Committee Report ................................................................................................... 33
Enterprise Risk Management Review ................................................................................................................................ 35
Management Discussion and Analysis
Operating Environment - 2021 and Beyond ..................................................................................................................... 40
Operational Review ............................................................................................................................................................. 41
Financial Reports
Financial Calendar .............................................................................................................................................................. 43
Report of the Board of Directors on the State of Affairs of the Company ....................................................................... 44
Statement of the Directors' Responsibility ........................................................................................................................ 47
Independent Auditor's Report ............................................................................................................................................ 48
Statement of Profit or Loss and Other Comprehensive Income ...................................................................................... 51
Statement of Financial Position ......................................................................................................................................... 52
Statement of Changes in Equity ......................................................................................................................................... 53
Statement of Cash Flows ................................................................................................................................................... 54
Notes to the Financial Statements .................................................................................................................................... 55
Investor Highlights and Information
Five Year Financial Summary ............................................................................................................................................. 91
Statement of Value Added .................................................................................................................................................. 92
Shareholder Information ..................................................................................................................................................... 93
Glossary of Financial Terminology .................................................................................................................................... 95
Notice of Virtual Meeting .................................................................................................................................................... 96
Form of Proxy ...................................................................................................................................................................... 97 Corporate Information ................................................................................................................................ Inner Back Cover
OUR CORE VALUES
Our Corporate philosophy is centred upon the 3H principles of building a Healthy Organisation, being an Honourable Winner and making an Honest Fortune. This business philosophy is derived from our Parent Company, Prima Limited of Singapore.
HEALTHY ORGANISATION
Developing a sound, effective and efficient organisation system. Promoting team spirit and reaching out to create a 'PRIMA FAMILY'
identity.
HONOURABLE WINNER
Achieving success through fair competition.
Striving towards excellence.
HONEST FORTUNE
Establishing trust, fairness and mutual benefits with all within our business circle. Contributing to the well-being of society.
OUR MISSION
To tap and harness business opportunities by expanding vertical integration projects.
This will lead to increase in Agriculture, Aquaculture and Livestock production, thus encouraging national progress through nutritious protein-rich food to the people of this
Nation.
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Three Acre Farms plc published this content on 25 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 April 2022 10:28:05 UTC.
