ENRICHING LIVES EXPANDING HORIZONS - Maxis

More documents

Recommendations

Info

132 Financial Statements NOTES TO THE FINANCIAL STATEMENTS 31 December 2011 Continued 3 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) (p) Provisions for liabilities and charges (continued) (i) Site rectification and decommissioning works (continued) Provision for decommissioning works is the estimated costs of dismantling and removing the structures on identified sites and restoring these sites. This obligation is incurred either when the items are installed or as a consequence of having used the items during a particular period. (ii) Network construction costs and settlements Provisions for network construction costs and settlements are made in respect of network construction projects which are under notices of termination, legal claims, negotiations for settlements and costs in respect of obligations under network construction contracts. (iii) Staff incentive scheme Provision for staff incentive scheme is based on management’s best estimate of the amount payable as at reporting date based on the performance of individual employees and financial performance of the Group. (q) Income taxes The tax expense for the period comprises current and deferred tax. Tax is recognised in income statement except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, the tax is also recognised in other comprehensive income or directly in equity, respectively. Current tax expenses are determined according to the tax laws of each jurisdiction in which the Group operates and include all taxes based upon the taxable profits (including withholding taxes payable by foreign subsidiaries on distribution of retained earnings to companies in the Group), and real property gains taxes payable on disposal of properties. Deferred tax is recognised in full, using the liability method, on temporary differences arising between the amounts attributed to assets and liabilities for tax purposes and their carrying amounts in the financial statements. However, deferred tax is not accounted for if it arises from initial recognition of an asset or liability in a transaction other than a business combination that at the time of the transaction affects neither accounting nor taxable profit or loss. Deferred tax assets are recognised to the extent that it is probable that future taxable profit will be available against which the deductible temporary differences or unused tax losses can be utilised. Deferred tax is recognised on temporary differences arising on investments in subsidiaries except where the timing of the reversal of the temporary difference can be controlled and it is probable that the temporary difference will not reverse in the foreseeable future. Deferred tax is determined using tax rates (and tax laws) that have been enacted or substantively enacted by the reporting date and are expected to apply when the related deferred tax asset is realised or the deferred tax liability is settled. The measurement of deferred tax liabilities and deferred tax assets shall reflect the tax consequences that would follow from the manner in which the entity expects, at the reporting date, to recover or settle the carrying amount of its assets and liabilities.
MAXIS BERHAD ANNUAL REPORT 2011 133 3 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) (r) Finance leases and hire purchase agreements Leases and hire purchases of property, plant and equipment where the Group assumes substantially all benefits and risks of ownership are classified as finance leases. Finance leases are capitalised at the inception of the lease at the lower of the fair value and the present value of the minimum lease payments. Each lease payment is allocated between the liability and finance charges so as to achieve a constant rate of interest on the finance lease balance outstanding. The corresponding rental obligations, net of finance charges, are included in borrowings. The interest element of the finance charge is charged to the income statement over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Property, plant and equipment acquired under finance leases or hire purchase agreements are depreciated over the shorter of the estimated useful life of the asset and the lease term. (s) Operating leases Leases of assets where a significant portion of risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the income statement on a straight line basis over the lease period. (t) Employee benefits (i) Short-term employee benefits Wages, salaries, paid annual leave, bonuses and non-monetary benefits are accrued in the financial year in which the associated services are rendered by employees including full-time Executive Directors of the Group. The Group recognises a provision where contractually obliged or where there is a past practice that has created a constructive obligation. (ii) Post-employment benefits Defined contribution plans A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity and will have no legal or constructive obligations to pay further contributions if the fund does not hold sufficient assets to pay all employee benefits relating to employee service in the current and prior periods. The Group’s contributions to defined contribution plans are charged to the income statement in the period to which they relate. Once the contributions have been paid, the Group has no further payment obligations. (iii) Share-based compensation The Group operates an equity-settled, share-based compensation plan for eligible employees and directors of the Group and of the Company, pursuant to the Employee Share Option Scheme (“ESOS”). Where the Company pays for services of its employees using the options, the fair value of the employee services rendered in exchange for the grant of the share option is recognised as an expense in the income statement over the vesting periods of the grants, with the corresponding increase in equity.
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:
Page 79 and 80:
Maxis Berhad Annual Report 2011 77
Page 81 and 82:
Page 83 and 84: MAXIS BERHAD ANNUAL REPORT 2011 81
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 184 and 185:
182 Financial Statements NOTES TO T
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?