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50
Notice
56
Ten Year Review
58
Financial Statements
Forward Looking Statements
In this Annual Report, we have shared information and made forward looking statements to enable investors to know our product
portfolio, business logic and direction and comprehend our prospects. Such and other statements - written and oral - that we
may periodically make are based on our assumptions. We have tried wherever possible to identify such statements by using words
such as ‘anticipate’, ‘estimate’, ‘intend’, ‘plan’, ‘project’ and words of similar substance in connection with any discussion of
future performance. We cannot guarantee that these forward looking statements will be realized although we believe we have
been prudent in our assumptions. The achievement of results is subject to uncertainties, risks and even inaccurate assumptions. If
uncertainties or known or unknown risks materialize or if underlying assumptions prove inaccurate, actual results can vary materially
from those anticipated, estimated, intended, planned or projected. Readers may please bear this in mind. We undertake no obligation
to publicly update any forward looking statements, whether as a result of new information, future events or otherwise.
Contents
The voyage of discovery is not in seeking new
landscapes, but in having new eyes.
- Marcel Proust
02
Corporate Identity
04
Serving Diverse Industries
06
Purpose and Values
08
Overview by the Chairman
10
Operational Highlights
12
Financial Analysis
16
Research and Technology
18
Safety, Health and Environment
20
Serving the Society
22
Directors’ Report
26
Management Discussion and Analysis
34
Report on Corporate Governance