ENRICHING LIVES EXPANDING HORIZONS - Maxis

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274 Other Information DISCLOSURE OF RECURRENT RELATED PARTY TRANSACTIONS Continued Information as at 31 December 2011 Notes: (1) AHSB GROUP DFSB, MBNS, AMP, AESB and Maestro are wholly-owned subsidiaries of Astro Malaysia Holdings Sdn Bhd (AMH) whilst KASB is a 48.9% associated company of AMH. AMH is a wholly-owned subsidiary of Astro Networks (Malaysia) Sdn Bhd (ANM) which in turn is wholly-owned by AHSB. UTSB, PSIL, Excorp and PanOcean who are Major Shareholders with each having a deemed equity interest over 5,250,000,000 Shares representing 70.0% of the issued and paid-up share capital in Maxis in which Binariang GSM Sdn Bhd (BGSM) has an interest, by virtue of their deemed equity interest in BGSM which in turn wholly-owns MCB, are also major shareholders of AHSB with each having a deemed equity interest over 479,619,973 ordinary shares of RM0.10 each (AHSB Shares) representing 34.01% of the issued and paid-up ordinary share capital in AMH in which AHSB has an interest, by virtue of their deemed interest in AHSB. Excorp is 100% owned by PanOcean and it has a 100% direct controlling interest in PSIL, which in turn has a 99.999% direct controlling interest in UTSB. PanOcean is the trustee of a discretionary trust, the beneficiaries of which are members of the family of TAK and foundations, including those for charitable purposes. TAK who is a Major Shareholder with a deemed equity interest over 5,250,000,000 Shares representing 70.0% of the issued and paid-up share capital in Maxis, is also a major shareholder of AHSB with a deemed equity interest over 819,082,908 AHSB Shares representing 58.08% of the issued and paid-up ordinary share capital in AHSB. In addition, TAK is also a director of PanOcean, Excorp, PSIL and UTSB. Although TAK and PanOcean are deemed to have interests in the Shares in which PSIL has an interest, they do not have any economic or beneficial interest over these Shares as such interest is held subject to the terms of the discretionary trust. ARM who is a Director, is also a director of PanOcean, Excorp, PSIL and an executive director of UTSB. He does not have any equity interest in UTSB, in PanOcean, in Excorp or in PSIL. In addition, ARM is also a director and group chief executive officer of AHSB, a director and executive deputy chairman of AMH as well as a director of MBNS, AMP, AESB and other companies within the AHSB Group. ARM has a direct equity interest over 750,000 Shares representing 0.01% of the issued and paid-up share capital in Maxis. ARM does not have any equity interests in MMSSB, MBSB, MMSB nor in the AHSB Group. THO, Dato’ Badri and MSM are Major Shareholders with each having a deemed equity interest over 5,250,000,000 Shares representing 70.0% of the issued and paidup share capital in Maxis in which BGSM has an interest, by virtue of their respective 25% direct equity interest in Harapan Nusantara Sdn Bhd (Harapan Nusantara). Harapan Nusantara’s deemed interest in the voting shares in Maxis in which BGSM has an interest, arises by virtue of Harapan Nusantara being entitled to control the exercise of 100% of the votes attached to the voting shares in each of Mujur Anggun Sdn Bhd, Cabaran Mujur Sdn Bhd, Anak Samudra Sdn Bhd, Dumai Maju Sdn Bhd, Nusantara Makmur Sdn Bhd, Usaha Kenanga Sdn Bhd and Tegas Sari Sdn Bhd (collectively, Harapan Nusantara Subsidiaries). The Harapan Nusantara Subsidiaries hold in aggregate 30% direct equity interest in BGSM and therefore, via such aggregate interest, Harapan Nusantara has a deemed interest over all the Shares held by MCB in Maxis. The Maxis Shares held via the Harapan Nusantara Subsidiaries are held under discretionary trusts for Bumiputera objects. As such, they do not have any economic interest in those Shares held by the Harapan Nusantara Subsidiaries as such interest is held subject to the terms of the discretionary trusts for Bumiputera objects. Further, as THO, Dato’ Badri and MSM exercise or control the exercise of at least 15% of the votes attached to the voting shares in Maxis, they are deemed to have an interest in the shares of Maxis’ subsidiaries. THO, Dato’ Badri and MSM are major shareholders of AHSB with each having a deemed equity interest over 177,446,535 AHSB Shares representing 12.58% of the issued and paid-up share capital in AHSB in which Harapan Terus Sdn Bhd (HTSB) has an interest, by virtue of their respective 25% direct equity interest in HTSB. HTSB is deemed to have an interest in the voting shares in AHSB in which Berkat Nusantara Sdn Bhd, Nusantara Cempaka Sdn Bhd, Nusantara Delima Sdn Bhd, Mujur Nusantara Sdn Bhd, Gerak Nusantara Sdn Bhd and Sanjung Nusantara Sdn Bhd (collectively, HTSB Subsidiaries) have an interest, by virtue of HTSB being entitled to control the exercise of 100% of the votes attached to the voting shares in the immediate holding companies in each of HTSB Subsidiaries viz Nusantara Barat Sdn Bhd, Nusantara Kembang Sdn Bhd, Prisma Mutiara Sdn Bhd, Nada Nusantara Sdn Bhd, Cermat Delima Sdn Bhd and Cermat Deras Sdn Bhd respectively.
MAXIS BERHAD ANNUAL REPORT 2011 275 The HTSB Subsidiaries hold in aggregate 12.58% direct equity interest in AHSB and therefore, via such aggregate interest, HTSB has a deemed interest over all the shares held by the HTSB Subsidiaries in AHSB. The AHSB Shares held via the HTSB Subsidiaries are held under discretionary trusts for Bumiputera objects. As such, they do not have any economic interest in those shares held by the HTSB Subsidiaries as such interest is held subject to the terms of such discretionary trusts. Further, as THO, Dato’ Badri and MSM do not exercise or control the exercise of at least 15% of the votes attached to the voting shares in AHSB, they are not deemed to have an interest in the shares of ANM, AMH, DFSB, MBNS, AMP, AESB, Maestro and KASB. Dato’ Badri who is a director of AHSB, ANM and AMH, is also a director of MBNS, KASB and several other subsidiaries of AHSB. MSM has a direct equity interest over 11,000 Shares representing 0.0001% of the issued and paid-up share capital in Maxis. Please refer to Note 4 for MSM’s interests in the UTSB Group. Dato’ Mohamed Khadar bin Merican (Dato’ Khadar), a director of AMH is a person connected to MSM. (2) TANJONG GROUP * Note: PMP ceased to be a subsidiary of Tanjong with effect from 9 August 2011. TCCPM and TGV are wholly-owned subsidiaries of Tanjong whilst PMP was a wholly-owned subsidiary of Tanjong. Tanjong in turn is a wholly-owned subsidiary of Tanjong Capital Sdn Bhd (TCSB). UTSB holds 71,000,000 ordinary shares of RM1.00 each in TCSB (TCSB Shares) representing 37.49% of the issued and paid-up share capital of TCSB and has an indirect equity interest over 53,688,000 TCSB Shares representing 28.35% of the issued and paid-up share capital of TCSB held via its wholly-owned subsidiary, Usaha Tegas Resources Sdn Bhd (UTRSB). PSIL, Excorp and PanOcean each has a deemed equity interest over 124,688,000 TCSB Shares representing 65.84% of the issued and paid-up share capital in TCSB through UTSB. TAK has a deemed equity interest over 124,863,000 TCSB Shares representing 65.93% of the issued and paid-up share capital of TCSB through UTSB and Wangi Terang Sdn Bhd. Wangi Terang Sdn Bhd holds 175,000 TCSB shares representing 0.09% of the issued and paid-up share capital of TCSB. Although TAK and PanOcean have deemed interest in the 124,688,000 TCSB Shares held through UTSB, they do not have any economic or beneficial interest over such shares, as such interest is held subject to the terms of a discretionary trust. TCCPM and TGV are person connected to UTSB, UTRSB, PSIL, Excorp, PanOcean and TAK by virtue of their interest in TCSB as set out above. Please refer to Note 1 above for interests of UTSB, PSIL, Excorp, PanOcean and TAK in Maxis. CCB who is a Director, is also an executive director of UTSB and a director of TCSB, MMSSB, MBSB, MMSB and certain subsidiaries of Maxis and Tanjong. ARM is an executive director of Tanjong and a director of PMP and was previously a director of TCSB (resigned with effect from 8 April 2011). ARM and CCB do not have any equity interest in UTSB, UTRSB, TCSB, Tanjong, TCCPM, TGV and PMP. Please refer to Note 1 above for ARM’s interests in Maxis. CCB has a direct equity interest over 750,000 Shares representing 0.01% of the share capital of Maxis. Asgari who is a Director with a direct equity interest over 750,000 Shares representing 0.01% of the issued and paid-up share capital in Maxis, has a deemed equity interest over 6,406,000 TCSB shares representing 3.38% of the issued and paid-up share capital of TCSB. MSM also has a deemed equity interest over 8,596,000 TCSB shares representing 4.54% of the issued and paid-up share capital of TCSB. Please refer to Note 1 above for details of MSM’s interests in Maxis. (3) MGB GROUP TAK is also a major shareholder of MGB with a deemed equity interest over 389,933,155 ordinary shares of RM0.78 each representing 100% of the issued and paidup ordinary share capital in MGB held via MEASAT Global Network Systems Sdn Bhd (MGNS), a wholly-owned subsidiary of MAI Holdings Sdn Bhd in which he has a 99.999% direct equity interest. MSS and MNL are wholly-owned subsidiaries of MGB. Hence, TAK also has deemed equity interest over MSS and MNL. Please refer to Note 1 above for details of TAK’s interests in Maxis. THO is also a director of MSS. Please refer to Note 1 above for details of THO’s interests in Maxis. THO does not have any equity interest in the shares of MGB or MSS or MNL. ARM and CCB are directors of MGB whilst ARM is also a director of MNL and CCB is also a director of MSS. ARM and CCB do not have any equity interest in the shares of MGB, MSS or MNL. Please refer to Notes 1 and 2 above for ARM’s and CCB’s interests in Maxis respectively.
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ENRICHING LIVES EXPANDING HORIZONS
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CONTENTS Introduction 2 Our Company
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MAXIS BERHAD ANNUAL REPORT 2011 3 I
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MAXIS BERHAD ANNUAL REPORT 2011 5 C
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MAXIS BERHAD ANNUAL REPORT 2011 7 I
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MAXIS BERHAD ANNUAL REPORT 2011 9 2
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MAXIS BERHAD ANNUAL REPORT 2011 11
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Maxis Berhad Annual Report 2011 77
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• ALIGNED TO CORPORATE STRATEGY A
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100 Financial Statements DIRECTORS
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106 Financial Statements INCOME STA
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108 Financial Statements STATEMENTS
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116 Financial Statements NOTES TO T
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198 Financial Statements STATEMENT
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200 Financial Statements INDEPENDEN
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202 SMALL SHOP, BIG DREAMS In busin
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204 Corporate Governance AUDIT COMM
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212 Corporate Governance STATEMENT
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Page 230 and 231: 228 OUT OF TOWN NEVER OUT OF TOUCH
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Page 244 and 245: 242 Analysis of Shareholdings DISTR
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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
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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 304 and 305: 302 Annual General Meeting NOTICE O
Page 306 and 307: NOTES
Page 308 and 309: fold here STAMP Maxis Berhad (86757
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ENRICHING LIVES EXPANDING HORIZONS - Maxis

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