Dialog Axiata PLC | Annual Report 2010 D ia lo g A x ia ta P L C | A ...

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Dialog’s direct contribution to the national economy also encompasses inputs in termsof levies, taxes and the collection of Government revenues. In FY 2010, the Dialog Groupcontributed Rs. 6.16 Bn. in taxes, fees and levies to the GoSL. The Group collected a furtherRs. 8.23 Bn. in VAT, MSL and other taxes on behalf of the GoSL remitting a total ofRs. 10.44 Bn. to the exchequer during the course of 2010.The Dialog Group prides itself with respect to the contribution made towards thedevelopment of the country’s human capital. The Group is by far, the mobile sector’s largestemployer – accounting for approximately 55% of mobile sector employment. Dialog alsocontinues to grow the Dialog Scholarship Programme which has over the years, supportedin excess of 450 students from across all districts and provinces of the country, throughAdvanced Level and University education.Furthermore, Nenasa TV – Dialog’s flagship contribution to Sri Lanka’s education sector,opens a new vista in access to education through the deployment of satellite broadcasttechnology as a distance learning bridge for students from across the island. Nenasa bridgesteacher arbitrage through the broadcast of high-quality curriculum-based education contentsupplemented with a state-of-the-art web-based learning management system.As espoused in our Sustainability Report for 2010, Dialog consistently reiterates itscommitment towards ensuring its business operations are aligned to support the ideals ofsustainability and accountability. Dialog is also mindful of the delicate balance that it needsto strike between delivering strong financial growth with development that is ultimatelyequitable and sustainable. Dialog sees this challenge as an opportunity to draw on ourinnate forward-looking organisational culture, to deliver socially innovative and inclusiveICT services.AcknowledgementsIn concluding my review of operations, I would like to thank our customers for their valuedpatronage and loyalty, and our shareholders for their support and encouragement whichwas invaluable in emboldening management with the impetus to steer operations throughand against challenging environments. I would also like to express my sincere appreciationfor the support and encouragement extended to us by the Government of Sri Lanka and itsagencies – in particular, the Telecommunications Regulatory Commission of Sri Lanka, theBoard of Investment, the Ministry of Finance, the Ministry of Mass Media and Information,the Ministry of Defence and the Ministry of Posts and Telecommunications.12Dialog Axiata PLCAnnual Report 2010 |Group Chief Executive’s Review of Operations
I also extend herein my gratitude to our Chairman Datuk Azzat Kamaludin and my fellowBoard members for their strategic input, direction and invaluable counsel made available tome and my management team at all times.The outcome of the Dialog Rebound stands testimony to the courage, determination andexcellence of the Dialog team. It has been a privilege to work alongside them, through thetransformation of our Company and I wish to extend to them my sincere gratitude.In closing, my management team and I are acutely cognizant that a successful anddetermined rebound is by no means the end of a journey. In addition to a host of learningsfor the future, we draw from our success in 2010, the confidence that our Company ispowerful but agile – rich with knowledge and experience, but welcoming of change andtransformation. We stand together committed, to continuously transform our businessahead of dynamics in the economic and competitive order, and to strive for a level ofperformance and competence well-beyond that which we have achieved.Dr. Hans WijayasuriyaGroup Chief Executive31st March 2011Group Chief Executive’s Review of OperationsDialog Axiata PLC| Annual Report 201013
Page 4 and 5: Message from the ChairmanThe Turnar
Page 6 and 7: The Sri Lankan economy has begun to
Page 8 and 9: your company concluded the Financia
Page 10 and 11: The positive dynamics of the Sri La
Page 12 and 13: Our Fixed Telephony and Data Transm
Page 16 and 17: Board of DirectorsDatuk Azzat Kamal
Page 18 and 19: Board of Directors (Contd.)Mr. Jaya
Page 20 and 21: Group Senior ManagementPradeep De A
Page 22 and 23: Business & Financial Review2010 - A
Page 24 and 25: The Group direct costs grew by 6% w
Page 26 and 27: Parent Axiata Group. Dialog has a U
Page 28 and 29: The international telecommunication
Page 31 and 32: Finance CostsIn early 2010, Dialog
Page 33 and 34: TaxationDialog has been granted fla
Page 35 and 36: However, DBN remained PAT negative
Page 37 and 38: On the backdrop of revenue and cost
Page 39 and 40: Board Composition and IndependenceT
Page 41 and 42: All committees have written Terms o
Page 43 and 44: Re-electionThe Company’s Articles
Page 45 and 46: The BAC conducts a review of the ef
Page 47: Information which is disseminated t
Page 50 and 51: The BAC was also entrusted with the
Page 52 and 53: Shareholder InformationMarket Infor
Page 54 and 55: DividendsDialog’s dividend policy
Page 56 and 57: The total number of shareholders of
Page 59 and 60: Financial ReportsDialog Axiata PLC
Page 61 and 62: Accounting PoliciesThere were no ch
Page 63 and 64: Mr. Moksevi Rasingh Prelis, who has
Page 65 and 66:
Future DevelopmentsIn line with its
Page 67 and 68:
Independent Auditor’s ReportTo th
Page 69 and 70:
Consolidated Income StatementFor th
Page 71 and 72:
Attributable to equity holders of t
Page 73 and 74:
Notes to the Consolidated Financial
Page 75 and 76:
(c) Computer SoftwareAcquired compu
Page 77 and 78:
2.8 InvestmentsInvestments are stat
Page 79 and 80:
(c) Short-term Employee BenefitsWag
Page 81 and 82:
(e) Prepaid Card RevenueRevenue fro
Page 83 and 84:
(f) ProvisionsThe Group recognises
Page 85 and 86:
The segment assets and liabilities
Page 87 and 88:
6. Property, Plant and Equipment(a)
Page 89 and 90:
(c) Provision for Capital Inventory
Page 91 and 92:
(b) CompanyLicencesRs. ’000Comput
Page 93 and 94:
The following assumptions were appl
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10. Trade and Other Receivables2010
Page 97 and 98:
The preference shares are redeemabl
Page 99 and 100:
15. Trade and Other Payables2010Rs.
Page 101 and 102:
Axiata Investments (Labuan) Ltd. (f
Page 103 and 104:
The gratuity liability of the Compa
Page 105 and 106:
22. Employee Benefit Expense2010Rs.
Page 107 and 108:
Tax losses available for carry forw
Page 109 and 110:
27. Cash Generated from OperationsR
Page 111 and 112:
29. Contingencies(a) Pending litiga
Page 113 and 114:
31. Related Party Transactions(a) T
Page 115 and 116:
(b) The Company is controlled by Ax
Page 117 and 118:
2010Rs. ’0002009Rs. ’000iii) Te
Page 119 and 120:
(f) Outstanding receivable balances
Page 121 and 122:
33. Events after the Balance Sheet
Page 123 and 124:
Income StatementFor Information Pur
Page 125 and 126:
Five Year SummaryGROUP31st December
Page 127 and 128:
NotesDialog Axiata PLC| Annual Repo
Page 129 and 130:
Form of ProxyI/We (name) ..........
Page 131 and 132:
Corporate InformationNAME OF COMPAN
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