nws holdings Limited announced its annual financial and operational performance for the fiscal year ended June 30, 2024. The company achieved robust financial results and focused on optimizing its business portfolio while maintaining a strong financial position. The company proposed the final dividend, pending approval by shareholders at the upcoming annual general meeting. nws holdings introduced a new Environmental, Social, and Governance (ESG) framework called 'Breakthrough 2050' to address climate change and set clear sustainable development goals. The company continues to contribute to sustainable community development through various initiatives and partnerships. Additionally, the company established an ESG Committee to integrate governance functions and ensure effective oversight of sustainability strategies. Its business scope includes toll road operations, insurance, logistics, construction, and facilities management. To...Show More

nws holdings Limited announced its annual financial and operational performance for the fiscal year ended June 30, 2024. The company achieved robust financial results and focused on optimizing its business portfolio while maintaining a strong financial position. The company proposed the final dividend, pending approval by shareholders at the upcoming annual general meeting. nws holdings introduced a new Environmental, Social, and Governance (ESG) framework called 'Breakthrough 2050' to address climate change and set clear sustainable development goals. The company continues to contribute to sustainable community development through various initiatives and partnerships. Additionally, the company established an ESG Committee to integrate governance functions and ensure effective oversight of sustainability strategies. Its business scope includes toll road operations, insurance, logistics, construction, and facilities management. To address economic uncertainties and emerging risks, the company implemented a comprehensive risk management framework. In terms of investments, the company issued green bonds and divested from fossil fuel investments to align with climate goals. The company also focuses on employee training and development to foster an innovative and adaptive culture. Health and safety measures in operations have been strengthened to ensure employee well-being. The company disclosed significant transactions with related parties and ongoing contractual agreements. Insurance contract liabilities are valued based on assessment methods and assumptions, including discount rates, mortality rates, disability rates, and expenses. Investment properties are evaluated by independent professional appraisers using the comparable sales method and income capitalization method, with key unobservable parameters adjusted based on market conditions. Properties, plants, and equipment are reviewed for impairment indicators, with recoverable amounts determined by fair value less selling costs or value in use, considering market data and past experience. Revenue from construction contracts is gradually recognized based on the progress of fulfilling obligations, with significant estimates and judgments made upon determining completion stages. Future minimum lease receivables under non-cancellable operating leases were disclosed. Financial guarantees were provided to joint ventures and associates, with a specified maximum liability amount. Assets classified as held for sale, related to a group of assets associated with tax-free operations and general trade, were measured at the lower of carrying amount and fair value less costs to sell. New shares were issued through a dividend reinvestment plan and stock options were exercised, resulting in an increase in issued and fully paid share capital. Basic and diluted earnings per share for the fiscal year were reported. The net debt-to-equity ratio and return on equity were announced. Revenue and operating profit by major business segments and geographical regions were provided. Significant transactions with associated companies and other related parties, including construction services, interest income, management fees, rentals, and related expenses, and other expenditures, were detailed. Information on key subsidiaries and joint ventures, including their place of incorporation, share capital, percentage of group ownership, and primary business activities, was presented.