Annual Report 2012 - Dialog

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114 l Dialog Axiata PLC l Annual Report 2012 Notes to the Financial Statements 24 Retirement benefit obligation contd. Group Company 2012 2011 1 Jan 2011 2012 2011 1 Jan 2011 Discount rate 12.67% 11.00% 10.50% 12.67% 11.00% 10.50% Future salary increase rate 14.00% 12.00% 12.00% 14.00% 12.00% 12.00% In addition to the above, demographic assumptions such as mortality, withdrawal and disability, and retirement age were considered for the actuarial valuation. The 2007 mortality table issued by the London Institute of Actuaries (A 67 / 70 mortality table) has also been used in the valuation. 25 Provision for other liabilities Provision for other liabilities comprises the amounts provided for asset retirement obligations (ARO). Group Company 2012 2011 2012 2011 At 1 January 586,660 619,876 574,054 607,794 Amounts capitalised 265,707 160,601 224,519 160,601 Adjustment for fully depreciated ARO assets (226,287) 19,743 (198,072) 19,743 Acquisition through business combination (Note 36) 123,522 Nil Nil Nil Charged / (credited) to profit or loss (Note 28) 64,272 (213,560) 62,866 (214,084) At 31 December 813,874 586,660 663,367 574,054 Group Company 2012 2011 2012 2011 The principal assumptions used to determine the ARO were as follows: Inflation 9.5% 7% 9.5% 7% Discount rate 13.9% 11.1% 13.9% 11.1%
26 Expenses by nature Annual Report 2012 l Dialog Axiata PLC l 115 Group Company 2012 2011 2012 2011 Directors’ fees 72,608 30,531 72,608 30,531 Independent auditor’s remuneration - statutory audit 10,828 9,730 6,642 6,552 - other permitted services 7,671 5,181 6,775 3,852 Fees for other professional services 202,104 222,388 142,650 218,994 Depreciation, impairment and amortisation 11,556,231 10,304,727 9,004,359 8,092,473 Domestic interconnection and international origination cost 5,376,212 5,014,856 5,293,169 4,999,383 Marketing, advertising and promotion 7,312,378 5,859,060 6,884,042 5,620,779 Staff costs (Note 27) 4,272,122 3,257,630 3,635,306 2,992,271 Other operating costs 20,872,273 14,583,882 17,947,132 12,666,486 Total direct costs, administrative costs and distribution costs 49,682,427 39,287,985 42,992,683 34,631,321 27 Employee benefit expenses Group Company 2012 2011 2012 2011 Wages and salaries 2,203,403 1,877,058 1,875,908 1,744,441 Social security costs 1,568,457 969,781 1,338,020 876,971 Pension costs - defined contribution plans 380,470 311,819 319,895 282,127 Pension costs - defined benefit plan (Note 24) 119,792 98,972 101,483 88,732 Number of persons employed as at 31 December: 4,272,122 3,257,630 3,635,306 2,992,271 - full time 2,993 2,544 2,234 2,146 - part time Nil Nil Nil Nil 2,993 2,544 2,234 2,146
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Dialog Axiata PLC l Annual Report 2
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Introduction to the Company Dialog
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Annual Report 2012 l Dialog Axiata
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Mr. Moksevi Prelis Independent, Non
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Mr. James Maclaurin Non-Independent
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Group NPAT Rs. Mn +23% 7,000 6,000
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Gross Debt to Equity 2.0 1.5 1.0 0.
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Dialog Axiata PLC - Financial Revie
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EBITDA Annual Report 2012 l Dialog
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Table 1: Market information on DIAL
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Figure 4: Trend in Composition of S
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Financial Reports Annual Report of
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46 l Dialog Axiata PLC l Annual Rep
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Annual Report 2012 - Dialog

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