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    Borouge Annual Report 2022 Final 2

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    hissballs
    This document is an annual report for Borouge PLC that provides an overview of the company's strategic, financial, and governance information. It includes sections on the company's history, competitive advantages, business model, strategies, value chain, business reviews, leadership, and financial statements. Borouge PLC was formally established in April 2022 and the report contains unaudited pro-forma financials to show the combined business as if it had been in operation for the past two fiscal years.

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    Borouge Annual Report 2022 Final 2

    Uploaded by

    hissballs
    30 views1 page
    This document is an annual report for Borouge PLC that provides an overview of the company's strategic, financial, and governance information. It includes sections on the company's history, competitive advantages, business model, strategies, value chain, business reviews, leadership, and financial statements. Borouge PLC was formally established in April 2022 and the report contains unaudited pro-forma financials to show the combined business as if it had been in operation for the past two fiscal years.

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    Borouge Annual Report 2022 final 2

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    This document is an annual report for Borouge PLC that provides an overview of the company's strategic, financial, and governance information. It includes sections on the company's history, competitive advantages, business model, strategies, value chain, business reviews, leadership, and financial statements. Borouge PLC was formally established in April 2022 and the report contains unaudited pro-forma financials to show the combined business as if it had been in operation for the past two fiscal years.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    30 views1 page

    Borouge Annual Report 2022 Final 2

    Uploaded by

    hissballs
    This document is an annual report for Borouge PLC that provides an overview of the company's strategic, financial, and governance information. It includes sections on the company's history, competitive advantages, business model, strategies, value chain, business reviews, leadership, and financial statements. Borouge PLC was formally established in April 2022 and the report contains unaudited pro-forma financials to show the combined business as if it had been in operation for the past two fiscal years.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    INTRODUCTION

    COMMITTED
    TO PROVIDING
    CREATIVE
    SOLUTIONS

    Contents
    Introduction Chief Financial Officer’s Review 50 Financial Statements
    At a Glance 2 Key Metrics 52 106-154
    Our History and Year in Review 4 Risk Management 54 Board of Directors’ Report 108

    Sustainability Report 60 Independent Auditor’s Report 109

    Our People 66 Consolidated Statement of Financial Position 112


    Strategic Report
    Stakeholder Engagement 70 Consolidated Statement of Profit or Loss and
    8-71 Other Comprehensive Income 113
    Chairman’s Statement 8 Consolidated Statement of Changes in Equity 114
    Chief Executive Officer’s Statement 10 Governance Report Consolidated Statement of Cash Flows 116
    Our Competitive Advantage 14 72-105 Notes to the Consolidated Financial Statements 117
    Market Review 16 Corporate Governance 74
    Our Business Model 20 Board of Directors of the Company  76 Unaudited 12 Months Pro-Forma Consolidated
    Our Strategy 22 Financial Statements
    Senior Management  79
    Our Strategy in Action 25 Unaudited Statement of Profit and Loss and
    Board Committees 80
    Other Comprehensive Income 152
    Our Value Chain 28 Ethics and Compliance Report  82
    Unaudited Summary of Operating Profit 153
    Business Review – Production 30
    Unaudited Earnings Per Share (EPS) 154
    Business Review – Sales and Marketing 36
    Unaudited Adjusted EBITDA 154
    Business Review – Technology and Innovation 44

    Note: Borouge PLC was formally established on 28 April 2022, and as such our statutory published financials only cover the period from 28 April 2022 to
    31 December 2022. The Company has prepared unaudited pro-forma accounts, showing the combination that forms the current business of Borouge PLC as
    if it had been in operation for the 12 months ended 2022 and the 12 months ended 2021. These are the full year numbers being referenced across the strategic
    section of this annual report. Currency references throughout this report to $ are to US dollars; references to t/y are to tonnes per year; references to PE are
    to polyethylene; and references to PP are to polypropylene.

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