Annual Report 2012 - Dialog

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118 l Dialog Axiata PLC l Annual Report 2012 Notes to the Financial Statements 29 Income tax contd. (f) Tax losses available for the Company carry forward to the year of assessment 2012/13 amount to Rs. 783,872,655. 35% of the statutory income of any year of assessment excluding income that does not form a part of the assessable income can be set off from the aforementioned brought forward losses. Any losses not utilised over the current period could be carried forward to future years. 30 Earnings per share (a) Basic Basic earnings per share is calculated dividing the net profit attributable to shareholders by the weighted average number of ordinary shares in issue during the year, excluding ordinary shares held by the ESOS Trust (Note 17). Group Company 2012 2011 2012 2011 Total comprehensive income for the year 6,021,425 4,888,489 6,190,045 5,840,806 Attributable to ordinary shareholders 6,021,425 4,888,489 6,190,045 5,840,806 Weighted average number of ordinary shares in issue (thousands) 7,985,206 7,985,206 7,985,206 7,985,206 Earnings per share (Rs.) 0.75 0.61 0.78 0.73 (b) Diluted Diluted earnings per share is calculated by adjusting the weighted average number of ordinary shares outstanding to assume conversion of dilutive potential shares. The Company has share options (ESOS) which has potential for dilution. A calculation is done to determine the number of shares that could have been acquired at fair value (determined as the average annual market share price of the Company’s shares),based on the monetary value of the subscription rights attached to outstanding share options. The number of shares calculated as above is compared with the number of shares that would have been issued assuming the exercise of the share price. Group Company 2012 2011 2012 2011 Total comprehensive income for the year 6,021,425 4,888,489 6,190,045 5,840,806 Attributable to ordinary shareholders 6,021,425 4,888,489 6,190,045 5,840,806 Weighted average number of ordinary shares for diluted earnings per share (thousands) 7,985,206 7,985,206 7,985,206 7,985,206 Diluted earnings per share (Rs.) 0.75 0.61 0.78 0.73
Annual Report 2012 l Dialog Axiata PLC l 119 31 Dividends The Directors have recommended a withholding tax free final dividend of Rs. 0.33 (2011 - Rs.0.25) per share amounting to Rs. 2,687,446,874 (2011 - Rs. 2,035,944,601) for the financial year 2012 subject to the approval of the shareholders at the Annual General Meeting. 32 Cash generated from operations Reconciliation of profit before tax to cash generated from operations: Group Company 2012 2011 2012 2011 Profit before tax 4,065,526 5,448,219 4,216,755 6,389,296 Adjustments for: Unrealised exchange losses 2,075,961 334,693 2,122,342 336,755 Provision for doubtful debts 454,224 508,123 291,029 327,226 Bad debts written back (196,870) (233,055) (154,688) (233,055) Profit on sale of property, plant and equipment (94,291) 7,818 (85,738) 10,736 Profit on disposal on investment Nil (30,477) Nil (22,792) Interest expense 547,468 900,640 543,702 900,356 Finance cost / (income) on asset retirement obligations (Note 28) 64,272 (213,560) 62,866 (214,084) Interest income (Note 28) (307,022) (424,927) (270,214) (409,932) Amortisation (Note 9) 672,835 601,711 533,251 490,211 Depreciation (Note 8) 10,098,017 9,623,116 7,758,774 7,607,297 Adjustments Impairment and provisions 67,127 26,951 3,237 Nil - Impairment provision / (reversal) (Note 8) 785,379 79,900 712,334 (5,035) Amounts released from deferred revenue (Note 21) (218,273) (751,524) (192,175) (749,967) Retirement benefit obligation 119,792 98,972 101,483 88,732 Provision for slow moving inventory 22,725 76,384 18,461 64,478 Share of associate loss /(profit) (Note 11) Changes in working capital 8,539 (9,681) Nil Nil - trade and other receivables (1,108,517) (1,040,297) 325,233 (346,320) - inventories 8,969 (229,408) 70,562 (193,938) - payables 4,661,216 2,313,371 3,997,718 1,990,896 Cash generated from operations 21,727,077 17,086,969 20,054,932 16,030,860 Non-cash transactions a) On 11 May 2012, DBN converted advances from the Company amounting to Rs. 7,500,000,000 in to ordinary shares at the price of Rs. 10 each.
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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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