AwanBiru Technology Berhad - Annual Report 2021

Our commercial strength and operational excellence are built on a foundation of state of-the-art technology. We have built deep relationships with long term partners regionally as well as within the country. In addition to Google, our key affiliations include renowned companies such as Huawei – another key strategic partner alongside Zoom, SAP, Kelly Services as our placement partner, Skillsoft as our online learning partner, CIDB Technologies as our Authorised Program Manager and Evaluator, and SHL as our profiling partner. These partnerships help us expand our portfolio of services into segments that enable new revenue streams. We have also been able to develop competencies and skills which increases job efficiency and effectiveness, resulting in higher productivity derived from these synergies with our partners. We believe in supporting the nation’s vision to achieve inclusive, responsible, and sustainable socioeconomic growth with our business development plans. We equip our talent to execute those plans through trainings carried out in FY2021 for the entire Group which includes a strong focus on Cloud Computing Fundamentals in addition to other job specific trainings, including Google technical Certifications and SAP Competencies. Ever since Awantec started its operations, we have contributed and evolved at a steady pace with various and diverse projects, from delivering software products to human capital development training programmes that benefits not only our customers, but the society at large as well. Review of Financial Results Awantec has consistently demonstrated financial resilience throughout the pandemic. Since any major business rationalisation and turnaround plan will always involve some uncertainties, we have followed this through with a guided strategy for recovery. We have scrutinised our Auditors’ reports, recommendations and the effects on our Group’s cash flow projections. Taking into consideration all underlying assumptions and having performed suitable sensitivity analysis on those assumptions, weare satisfiedwith the validity and reasonableness of those key assumptions. Our financial statements for FY2021, have addressed all material topics impacting the sustainable development of our business. Some of the keymatters addressed in the preparation of these financial statements are detailed on pages 132 to 134 under the Key Audit Matters section of this report. We hope this summary of our financial position will give our stakeholders the comfort that we have robust financial control measures to safeguard shareholder value and in this process become a more resilient business. Management Discussion & Analysis Today, Awantec continuously ventures forward into unchartered territories, all set to capitalise on new opportunities and limitless possibilities arising from digitalisation, untapped potential of cloud computing as well as the vast prospects arising from our blue ocean strategies. Productivity and Collaboration Redefine teamwork, communications and collaboration with first-class productivity tools in meeting the needs of both the public and private sector. Artificial Intelligence Leverage on artificial intelligence and machine learning, the Google way to power up your businesses and operations. Database Migrate, modernise and transform data with guarantee of reliability, security and high availability for your peace of mind. Security Google Cloud’s security and compliance are in a class of its own. We bring you the same to safeguard your cloud environment. Infrastructure Modernisation Maximise flexibility, efficiency, scalability and optimise cost by giving a new breath to your existing infrastructure. Smart Analytics Transform both your structured and unstructured raw data into accessible, useful insights, and pay only for what you store. Application Modernisation Reimagine the way you engage with your customers with unique and intelligent applications, tailor-made just for your business. Digital Transformation Attain full adoption of your digital transformation with clear strategies not only for your technologies, but people and processes as well. Google Cloud Platform Harness the power of Google’s open- source, and bang for the buck core infrastructure, data analytics and machine learning that is secure and fully featured for all. Awantec’s Google Cloud Services Awantec | Key Messages 18 Annual Report 2021