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Download - Axiata Group Berhad - Investor Relations

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Directors’ ReportThe Directors have pleasure in submitting their report together with the audited financial statements of the <strong>Group</strong> andCompany for the financial year ended 31 December 2009.PRINCIPAL ACTIVITIESThe principal activities of the <strong>Group</strong> are the provision of mobile communication services and network transmission relatedservices.The principal activities of the Company are investment holding and consultancy services on an international scale, where ithas investments in subsidiaries and associates. The principal activities of the subsidiaries are mainly the provision of mobilecommunication services and network transmission related services.The principal activities of the subsidiaries are set out in Note 45 to the financial statements. There has been no significantchange in the nature of the activities of the <strong>Group</strong> and the Company during the financial year.CHANGE OF NAMEOn 31 March 2009, the Company changed its name from TM International <strong>Berhad</strong> to <strong>Axiata</strong> <strong>Group</strong> <strong>Berhad</strong>.FINANCIAL RESULTSThe results of the operations of the <strong>Group</strong> and the Company for the financial year were as follows:<strong>Group</strong>RM’000CompanyRM’000Profit for the financial year attributable to:– equity holders of the Company 1,652,682 3,020,747– minority interests 103,226 —Net profit for the financial year 1,755,908 3,020,747In the opinion of the Directors, the results of the operations of the <strong>Group</strong> and the Company during the financial year werenot substantially affected by any item, transaction or event of a material and unusual nature other than as disclosed in thefinancial statements.Annual Report 2009 • 157

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