ENRICHING LIVES EXPANDING HORIZONS - Maxis

MAXIS BERHAD
ANNUAL REPORT 2011
279
Other Information
ADDITIONAL
DISCLOSURES
TRANSACTIONS THROUGH MEDIA AGENCIES
Some of the media airtimes, publications and programme sponsorship arrangements (Media Arrangements) of the Maxis group are
concluded on normal commercial terms with independent media-buying agencies whose role is to secure advertising or promotional
packages for their clients. These Media Arrangements may involve companies in the Astro group which are licensed to operate
satellite Direct-to-Home television and FM radio services, and undertake a number of other multimedia services in Malaysia. The
transactions between the media-buying agencies and the Astro group are based on terms consistent with prevailing rates within the
media industry. For the financial year ended 2011 the value of such transactions, which are not related party transactions entered into
by the Maxis Group and the Astro group and excluded from the related party transactions disclosed elsewhere in this Annual Report,
amounted to RM6,529,000.
STATUS OF UTILISATION OF CORPORATE PROPOSALS
On 24 February 2012, the Company made its first issuance under the Sukuk Programme of RM2.45 billion nominal value with a tenure
of 10 years from the date of issue (“First Issuance”). From the proceeds from the First Issuance, RM1.45 billion was used for refinancing
of the outstanding loans which were fully repaid on the same date, and RM1.00 billion is to be used for capital expenditure and/or
working capital and/or general funding requirements and/or general corporate purposes.
IMPOSITION OF SANCTIONS/PENALTIES
There were no public sanctions and/or penalties imposed on the Company or its subsidiaries, Directors or Management by the relevant
regulatory bodies during the financial year ended 31 December 2011.
EMPLOYEE SHARE OPTION SCHEME (ESOS)
Please refer to the Directors’ Report (pages 101 and 102) and Note 28(b) (pages 166 and 167) of the Audited Financial Statements of
this Annual Report. The ESOS implemented on 17 September 2009 is the Company’s only employee share option scheme currently in
existence during the financial year ended 31 December 2011.