ENRICHING LIVES EXPANDING HORIZONS - Maxis

More documents

Recommendations

Info

126 Financial Statements NOTES TO THE FINANCIAL STATEMENTS 31 December 2011 Continued 3 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) (e) Investments in subsidiaries Investments in subsidiaries are stated at cost plus the fair value of share options granted to employees of the subsidiaries over the vesting period deemed as capital contribution. See accounting policy Note 3(t)(iii) on share-based compensation. Where an indication of impairment exists, the carrying amount of the investment is assessed and written down immediately to its recoverable amount. See accounting policy Note 3(g)(i) on impairment of non-financial assets. (f) Financial instruments A financial instrument is any contract that gives rise to both a financial asset of one enterprise and a financial liability or equity instrument of another enterprise. A financial asset is any asset that is cash, a contractual right to receive cash or another financial asset from another enterprise, a contractual right to exchange financial instruments with another enterprise under conditions that are potentially favourable, or an equity instrument of another enterprise. A financial liability is any liability that is a contractual obligation to deliver cash or another financial asset to another enterprise, or to exchange financial instruments with another enterprise under conditions that are potentially unfavourable. (i) Classification and measurement Financial assets The Group classifies its financial assets in the following categories: at fair value through profit or loss, held-to-maturity, loans and receivables, and available-for-sale. The classification depends on the purpose for which the financial assets were acquired. Management determines the classification of its financial assets at initial recognition. The Group does not hold any financial assets carried at fair value through profit or loss and held-to-maturity. Financial assets are classified as current assets; except for maturities greater than 12 months after the reporting date, in which case they are classified as non-current assets. Loans and receivables Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. Financial assets in this category are initially recognised at fair value plus transaction costs and subsequently carried at amortised cost using the effective interest method. Changes in the carrying value of these assets are recognised in the income statement. The Group’s loans and receivables comprise receivables (including inter-companies and related parties balances), cash and cash equivalents in the statements of financial position. Available-for-sale Available-for-sale financial assets are non-derivatives that are either designated in this category or not classified in any of the other categories. Financial assets in this category are initially recognised at fair value plus transaction costs and subsequently, at fair value. Any gains or losses from changes in fair value of the financial assets are recognised in other comprehensive income, except that impairment losses, foreign exchange gains and losses on monetary instruments, interest and dividends are recognised in the income statement. The cumulative gain or loss previously recognised in other comprehensive income is reclassified from equity to the income statement as a reclassification adjustment when the financial asset is derecognised.
MAXIS BERHAD ANNUAL REPORT 2011 127 3 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) (f) Financial instruments (continued) (i) Classification and measurement (continued) Financial assets (continued) Investments in equity instruments for which the fair value cannot be reliably measured are recognised at cost less impairment loss. The Group’s available-for-sale financial asset comprises investment in unquoted shares. Financial liabilities The Group classifies its financial liabilities in the following categories: at fair value through profit or loss, other financial liabilities and financial guarantee contracts. Management determines the classification of its financial liabilities at initial recognition. The Group does not hold any financial liabilities carried at fair value through profit or loss and financial guarantee contracts. Other financial liabilities are non-derivative financial liabilities. Other financial liabilities are initially recognised at fair value plus transaction costs and subsequently carried at amortised cost using the effective interest method. Changes in the carrying value of these liabilities are recognised in the income statement. The Group’s other financial liabilities comprise payables (including inter-companies and related parties balances) and borrowings in the statements of financial position. Financial liabilities are classified as current liabilities; except for maturities greater than 12 months after the reporting date, in which case they are classified as non-current liabilities. (ii) Recognition of financial assets and financial liabilities Financial assets and financial liabilities are recognised when the Group becomes party to the contractual provisions of the instrument. (iii) Derecognition of financial assets and financial liabilities Financial assets are derecognised when the risks and rewards relating to the financial assets have expired or have been fully transferred or have been partially transferred with no control over the same. Financial liabilities are derecognised when the liability is either discharged, cancelled, has expired or has been restructured with substantially different terms. (iv) Offsetting of financial assets and financial liabilities Financial assets and financial liabilities are offset and the net amount reported in the statements of financial position when there is a legally enforceable right to offset the recognised amounts and there is an intention to settle on a net basis, or realise the net asset and settle the liability simultaneously.
Page 1 and 2:
ENRICHING LIVES EXPANDING HORIZONS
Page 3 and 4:
CONTENTS Introduction 2 Our Company
Page 5 and 6:
MAXIS BERHAD ANNUAL REPORT 2011 3 I
Page 7 and 8:
MAXIS BERHAD ANNUAL REPORT 2011 5 C
Page 9 and 10:
MAXIS BERHAD ANNUAL REPORT 2011 7 I
Page 11 and 12:
MAXIS BERHAD ANNUAL REPORT 2011 9 2
Page 13 and 14:
MAXIS BERHAD ANNUAL REPORT 2011 11
Page 15 and 16:
Page 17 and 18:
Page 19 and 20:
Page 21 and 22:
Page 23 and 24:
Page 25 and 26:
Page 27 and 28:
Page 29 and 30:
Page 31 and 32:
Page 33 and 34:
Page 35 and 36:
Page 37 and 38:
Page 39 and 40:
Page 41 and 42:
Page 43 and 44:
Page 45 and 46:
Page 47 and 48:
Page 49 and 50:
Page 51 and 52:
Page 53 and 54:
Page 55 and 56:
Page 57 and 58:
Page 59 and 60:
Page 61 and 62:
Page 63 and 64:
Page 65 and 66:
Page 67 and 68:
Page 69 and 70:
Page 71 and 72:
Page 73 and 74:
Page 75 and 76:
Page 77 and 78: MAXIS BERHAD ANNUAL REPORT 2011 75
Page 79 and 80: Maxis Berhad Annual Report 2011 77
Page 89 and 90: • ALIGNED TO CORPORATE STRATEGY A
Page 99: MAXIS BERHAD ANNUAL REPORT 2011 97
Page 102 and 103: 100 Financial Statements DIRECTORS
Page 108 and 109: 106 Financial Statements INCOME STA
Page 110 and 111: 108 Financial Statements STATEMENTS
Page 118 and 119: 116 Financial Statements NOTES TO T
Page 178 and 179:
176 Financial Statements NOTES TO T
Page 180 and 181:
Page 182 and 183:
Page 184 and 185:
Page 186 and 187:
Page 188 and 189:
Page 190 and 191:
Page 192 and 193:
Page 194 and 195:
Page 196 and 197:
Page 198 and 199:
Page 200 and 201:
198 Financial Statements STATEMENT
Page 202 and 203:
200 Financial Statements INDEPENDEN
Page 204 and 205:
202 SMALL SHOP, BIG DREAMS In busin
Page 206 and 207:
204 Corporate Governance AUDIT COMM
Page 208 and 209:
Page 210 and 211:
Page 212 and 213:
Page 214 and 215:
212 Corporate Governance STATEMENT
Page 216 and 217:
Page 218 and 219:
Page 220 and 221:
Page 222 and 223:
Page 224 and 225:
Page 226 and 227:
Page 228 and 229:
Page 230 and 231:
228 OUT OF TOWN NEVER OUT OF TOUCH
Page 232 and 233:
230 Corporate Governance INTERNAL C
Page 234 and 235:
Page 236 and 237:
Page 238 and 239:
236 Corporate Governance RISK MANAG
Page 240 and 241:
238 Corporate Governance RISK MANAG
Page 242 and 243:
240 Corporate Governance ETHICAL BU
Page 244 and 245:
242 Analysis of Shareholdings DISTR
Page 246 and 247:
244 Analysis of Shareholdings 30 LA
Page 248 and 249:
246 Analysis of Shareholdings INFOR
Page 250 and 251:
248 Other Information LIST OF PROPE
Page 252 and 253:
250 Other Information DISCLOSURE OF
Page 254 and 255:
Page 256 and 257:
Page 258 and 259:
Page 260 and 261:
Page 262 and 263:
Page 264 and 265:
Page 266 and 267:
Page 268 and 269:
Page 270 and 271:
Page 272 and 273:
Page 274 and 275:
Page 276 and 277:
Page 278 and 279:
Page 280 and 281:
Page 282 and 283:
280 Other Information MATERIAL CONT
Page 284 and 285:
Page 286 and 287:
Page 288 and 289:
286 Other Information GLOSSARY 2G S
Page 290 and 291:
288 Other Information GLOSSARY Cont
Page 292 and 293:
290 MAXIS EXCLUSIVE PARTNERS CENTRA
Page 294 and 295:
292 Other Information MAXIS EXCLUSI
Page 296 and 297:
Page 298 and 299:
Page 300 and 301:
Page 302 and 303:
Page 304 and 305:
302 Annual General Meeting NOTICE O
Page 306 and 307:
NOTES
Page 308 and 309:
fold here STAMP Maxis Berhad (86757
Page 310:
fold here STAMP Maxis Berhad (86757
show all

ENRICHING LIVES EXPANDING HORIZONS - Maxis

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?