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Perennial Holdings Private Limited - Annual Report 2024

COVER PAGE 1
OVERVIEW 2
Corporate Profile 2
Key Highlights 2
Chairman & CEO’s Statement (English) 6
Chairman & CEO’s Statement (Chinese) 10
Our Presence 14
Our Milestones 16
Our Business Model 18
Our Integrated Strategy 20
Board of Directors 22
Management Team 28
PERFORMANCE 32
Shareholding Information 32
Business Overview 32
Business Structure 34
Financial Highlights 36
Financial Review 36
5-Year Financial Summary 38
BUSINESS REVIEW 40
Healthcare Business 40
China 40
Perennial Tianjin South HSR International Healthcare and Business City 46
Chengdu East HSR Integrated Development 50
Perennial Kunming South HSR International Healthcare and Business City 52
Perennial Xi’an North HSR International Healthcare and Business City 54
Perennial Chongqing East HSR International Healthcare and Business City 56
Renshoutang 58
Perennial Alzheimer’s Care Village Xi’an 58
Singapore 60
Parry Assisted Living Care 60
Jervois Wellness 60
Real Estate Business 62
China 62
Hangzhou West HSR Integrated Development 64
Beijing Tongzhou Integrated Development 66
Singapore 68
The Skywaters 70
Golden Mile Singapore 72
Capitol Singapore 72
CHIJMES 74
Perennial Business City 74
Malaysia 76
The Light City, Penang 78
Indonesia 80
The Sanctuary Collection, Greater Jakarta 80
Portfolio at a Glance 82
SUSTAINABILITY 100
Sustainability Report 100
Corporate Governance 138
Risk Management 148
FINANCIALS 154
Statutory Accounts 154
Directors’ Statement 156
Independent Auditors’ Report 158
Statements of Financial Position 160
Consolidated Statement of Profit or Loss 162
Consolidated Statement of Comprehensive Income 162
Consolidated Statement of Changes in Equity 164
Consolidated Statement of Cash Flows 168
Notes to the Financial Statements 170
Supplemental Information 232
APPENDIX 232
Supplemental Information 232
Corporate Information 232
BACK COVER PAGE 234

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