Urban Renewal Authority 2018-19 Annual Report

2 Vision, Mission and Values 4 Chairman’s Statement 10 Message from the New Chairman 16 Managing Director’s Statement 24 Operating Highlights 28 Highlights of the Year 32 Operating Review 54 Corporate Sustainability 68 Management Discussion and Analysis 78 Project Highlights 92 Corporate Governance 96 Members of Board and Profiles 106 Members of Committees 110 Organisation Structure 112 Members of District Advisory Committees 113 Financial Highlights 114 Report of the Members of the Board 115 Independent Auditor’s Report 118 Consolidated Statement of Comprehensive Income 119 Consolidated Statement of Financial Position 120 Consolidated Statement of Cash Flows 122 Consolidated Statement of Changes In Equity 123 Notes to the Financial Statements CONTENTS

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