Page 2 - Annual Report 2021

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reporting Philosophy and Principles indicated, data presented encompasses strategies, future operations and
The report details the key all UM Holdings’ business segments performance of our organisation. Such
achievements, initiatives and results unless stated otherwise. statements usually contain words like
of the UM Holdings Group in FY2021. In setting our reporting boundaries, ‘estimates’, ‘expects’, ‘intends’, ‘may’,
It charts our progression towards we considered both internal and ‘plans’, ‘projects’, ‘should’, ‘would’ and
our strategic goals in the immediate, external impacts. Internal impacts ‘will’, among others.
short and medium term, and provides refer to all operations and entities the These statements are not
insights into our strategy, operations Group manages and has a controlling guarantees of future operating,
and financial sustainability. We interest in. External impacts arise in financial or other results, as they
provide stakeholders with the most situations where we do not own the involve risks, uncertainties and
relevant information for their needs assets, directly engage or employ assumptions in their representation of
and investment decisions. workers, or operate the assets under a possible scenarios. Actual results and
Our financial statements are contractual obligation. Beyond these
independently audited and prepared prescribed boundaries, we also report outcomes could differ significantly
in compliance with the Malaysian on developments, impacts and data from those expressed or implied.
Private Entities Reporting Standards deemed to have a high material impact We make no expressed or implied
(MPERS). on our business performance. representation or warranty that
the outcomes anticipated by these
reporting scope and Boundaries Our use of Forward-looking forward-looking statements will be
The report presents the statements achieved. We are under no obligation
performance of UM Holdings during Throughout the report, we use to update either these forward-
the period 1 January 2021 to 31 forward looking statements that looking statements, or the historical
December 2021. Unless otherwise relate to the plans, objectives, goals, information presented in this report.