Annual Report 2012, PDF - Axiata Group Berhad - Investor Relations

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NOTES TO THEFINANCIAL STATEMENTSFOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2012 (CONTINUED)14. EMPLOYEE SHARE OPTION AND SHARE SCHEME (CONTINUED)(a) Performance-Based ESOS and RSP [“Axiata Share Scheme”] (continued)The fair value of the RSA granted in which MFRS 2 applies, were determined using the Monte Carlovaluation model. The significant inputs in the model are as follows:Entitlement over the Company’s sharesGrant 3(b) Grant 3(c) Grant 4(a) Grant 4(b) Grant 4(c)Reference price RM5.03 RM5.10 RM5.20 RM5.86 RM5.92Valuation at grant date* 18 July 2011 30 Nov 2011 16 April 2012 17 August 2012 10 Dec 2012Vesting date:-Tranche 1 17 July 2013 29 Nov 2013 30 Mar 2014 31 July 2014 30 Nov 2014-Tranche 1 17 July 2014 29 Nov 2014 30 Mar 2015 31 July 2015 30 Nov 2015Closing share priceat grant date* RM5.03 RM5.10 RM5.39 RM6.00 RM6.19Expected dividend yield 2.54% 3.12% 4.23% 4.06% 4.15%Risk free interest rates(Yield of MalaysianGovernment Securities) 3.19%-3.32% 2.92%-3.23% 3.09%-3.18% 2.97%-3.04% 3.00%-3.08%Expected volatility # 19.9% 18.7% 27.5% 19.2% 18.6%# The expected volatility rate of the Company’s RSA was derived using 520 days historical volatility due to availability of datawith more data points to increase the credibility of assumptions.* Grant date refers to the date where majority of employees accepted the offer.228
Axiata Group Berhad (242188-H) Annual Report 201214. EMPLOYEE SHARE OPTION AND SHARE SCHEME (CONTINUED)(a) Performance-Based ESOS and RSP [“Axiata Share Scheme”] (continued)The amounts recognised in the financial statements as disclosed in Note 7(c) and 7(d) to the financialstatements for all employees (including Directors) arising from the Performance-Based ESOS and RSA aresummarised as below:GroupCompany2012 2011 2012 2011RM’000 RM’000 RM’000 RM’000Equity settlement arrangement:- Options and RSA granted toemployees under the Scheme 59,178 51,471 8,643 8,010Cash settlement arrangement*:- value of options granted toSenior Management 2,191 – 2,191 –Total 61,369 51,471 10,834 8,010* This cash settlement arrangement is given to selected Senior Management as part of the long term remuneration package atan exercise price of RM5.36.(b) ESOS of DialogOn 11 July 2005, the Board of Directors of Dialog resolved and issued 199,892,741 ordinary shares of Dialogat the Initial Public Offering (“IPO”) price of SLR twelve (12) to an ESOS Trust, being 2.7% of the issuedshare capital of Dialog.Of the total ESOS shares that were transferred to the ESOS Trust, 88,841,218 shares (44.4%) were grantedat the point of the IPO. The balance 111,051,523 shares (56.6%) shall be allocated to employees as anongoing performance incentive. The ESOS Trust entitlement via the rights issue was 15,452,020 shares.From the total entitlement, 5,668,600 shares were sold in the stock market. On the Trustees’ approval, theremaining rights entitlement amounting to 9,783,420 shares was exercised by the ESOS Trust.The principal features of ESOS are as follows:(i)The eligibility for participation in ESOS is at the discretion of the ESOS Committee appointed by theBoard of Directors of Dialog;(ii) Except the existing tranche, the exercise price of the ESOS shares will be based on the five (5) daysweighted average market price of Dialog’s shares immediately preceding the offer date for options,with the ESOS Committee having the discretion to set an exercise price up to 10% lower than thatderived weighted average market price; and229
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AXIATA GROUP BERHAD (242188-H) ANNU
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PakistanBangladeshIndiaThailandCamb
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CONTENTS006 Financial Calenda
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FinancialCalendar 2012QUARTERLY RES
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Raising The BarAxiata is continuous
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Chairman’sStatementTan Sri Dato
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Chairman’sStatementHIGH GROWTH MA
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President& GCEO’SBusinessReviewDA
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President &GCEO’S Business Review
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Axiata Group Berhad (242188-H) Annu
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Five-yeargroup financial summaryOPE
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Awards andRecognitionIndonesia Serv
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DIRECTORS’RESPONSIBILITY STATEMEN
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DIRECTORS’REPORTSHARE CAPITALDuri
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DIRECTORS’REPORTDIRECTORS’ INTE
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DIRECTORS’REPORTSTATUTORY INFORMA
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STATEMENTS OFCOMPREHENSIVE INCOMEFO
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STATEMENTS OFFINANCIAL POSITIONAS A
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CONSOLIDATED STATEMENT OFCHANGES IN
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STATEMENTS OFCASH FLOWSFOR THE FINA
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NOTES TO THEFINANCIAL STATEMENTSFOR
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STATEMENTBY DIRECTORSPURSUANT TO SE
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INDEPENDENTAUDITORS’ REPORTTO THE
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GroupFinancial Analysiscatering for
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SHAREHOLDINGSTATISTICSAS AT 29 MARC
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SHAREHOLDINGSTATISTICSAS AT 29 MARC
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ADDITIONAL COMPLIANCEINFORMATION3.
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Net Book Value ofLand & BuildingsFo
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GROUPDIRECTORYAxiata Group BerhadAx
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GLOSSARYShare Scheme CommitteeEmplo
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NOTICE OFANNUAL GENERAL MEETINGNOTI
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NOTICE OFANNUAL GENERAL MEETING10.
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EXPLANATORY NOTES TO THE SPECIAL BU
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ADMINISTRATIVE DETAILS FOR THE21ST
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