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

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Parent Axiata Group. Dialog has a USD 135 Mn. outstanding term loan from OCBC, which willbe repaid starting from 2011 through to 2015, whilst the balance of USD 37.5 Mn. is due toAxiata Group.Strong recovery in EBITDA, focused capital expenditure and repayment of debt, hasenabled Dialog to strengthen the Group balance sheet with the Gross Debt to EBITDA ratioimproving from 2.6x in 2009 to 1.8x in 2010.Fitch Ratings Lanka Ltd. upgraded Dialog’s ‘National Long-Term Rating’ to ‘AAA(lka)’ from‘AA(lka)’ and revised the ‘Outlook’ for the Group to ‘Stable’ from ‘Negative’ in October 2010.Dialog Axiata PLC - Business Overview andFinancial ReviewThe operations of Dialog Axiata PLC encompass in the main, the mobile, international andtele-infrastructure businesses of the Group.In 2010, notwithstanding aggressive competition, Dialog retained its position as theundisputed leader in the mobile telecommunications sector, maintaining its revenue shareabove 55%. Dialog’s customer base has stretched its limit further connecting more than6.8 Mn. customers in 2010. Postpaid and Prepaid subscriber bases grew by 10% and 7%respectively compared to the previous year.Nationwide mobile coverage, high speed Mobile Broadband services, value added productinnovations, customer service excellence and an unparallel distribution network were keydrivers which continued to differentiate Dialog’s product offering in Sri Lanka’s mobile24Dialog Axiata PLCAnnual Report 2010 |Business & Financial Review
sector. Supported by aggressive investment in network development and technologyadvancement, Dialog strengthened its market leading coverage, increasing its network of2G and 3G base stations by 18% during the course of 2010.2G Coverage*3G Coverage**As at 31st December 2010In addition to enhancing the core attributes of its mobile service portfolio, the companycontinued to drive inclusive adoption of its services via the enhancement of affordability.During the course of 2010, the average revenue per minute was reduced by 15% which inturn drove increases in consumption in terms of Minutes of Usage (MoUs) by 10% and 19%respectively for Postpaid and Prepaid services.Dialog’s Roaming services continued to chart impressive growth, offering the mostextensive roaming coverage over 211 destinations. Dialog also expanded its 3G Roamingnetwork to encompass 64 countries empowering travellers with access to MobileBroadband and video calling services.Business & Financial ReviewDialog Axiata PLC| Annual Report 201025
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 14 and 15: Dialog’s direct contribution to t
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 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
Page 95 and 96:
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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Dialog Axiata PLC | Annual Report 2010 D ia lo g A x ia ta P L C | A ...

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