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

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The international telecommunications services of Dialog have delivered significantoutcomes in 2010. The services offered by the international business delivered 27% growth,contributing significantly to the top line, whilst accounting for 22% of Group revenue. In2010, Dialog achieved the milestone of 100% Global IPVPN coverage, further strengtheninginextricable partnerships with a host of international carriers.Company Financial Review2010Rs. Mn.2009Rs. Mn.Change%Revenue 37,954 33,189 14Direct costs (20,972) (19,360) 8Gross profit 16,982 13,829 23Gross margin % 45 42 3ppOperating costs (10,303) (21,596) (52)EBITDA 14,455 8,553 69EBITDA margin % 38 26 12ppPBT 7,043 (8,785) 180PAT 6,552 (9,210) 171PAT margin % 17 (28) 45ppNote: Comparatives have been restated to conform to changes in the current year’s presentation.Revenue has been restated to include site sharing income.RevenueThe Company recorded a revenue of Rs. 37.95 Bn. for the year 2010, a strong increaseof 14% YoY. Total revenues were bolstered by increased consumption of mobile voiceand Mobile Broadband services, as well, by interconnection income accruing from theintroduction of the interconnection regime in June 2010. Revenue from Tele-Infrastructurebusiness increased by 48% YoY as a result of Company’s aggressive approach aimed atmonetising its vast infrastructure footprint. International revenue was boosted by the 18%YoY growth in termination revenue due to increased international traffic underpinned by26Dialog Axiata PLCAnnual Report 2010 |Business & Financial Review
improvements in the economic activities following the peace dividend. International revenueaccounts for around 25% of Company revenue in 2010, compared to 23% in 2009.Other revenue include revenue from local interconnection,inbound roaming, site sharing and phone & accessories salesDirect CostsTotal Direct costs increased by 8% to Rs. 20.97 Bn. in 2010, at a much lower pace than the14% revenue growth recorded which resulted in enhanced margins.- Levies refers to International Telecommunication Levy and frequency fees.- Customer-related cost includes costs of phone & accessories and customer servicing cost such as sim cards,scratch cards, etc.Business & Financial ReviewDialog Axiata PLC| Annual Report 201027
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 26 and 27: Parent Axiata Group. Dialog has a U
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
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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
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27. Cash Generated from OperationsR
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29. Contingencies(a) Pending litiga
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31. Related Party Transactions(a) T
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(b) The Company is controlled by Ax
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2010Rs. ’0002009Rs. ’000iii) Te
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(f) Outstanding receivable balances
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33. Events after the Balance Sheet
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Income StatementFor Information Pur
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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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