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

NOTES TO THEFINANCIAL STATEMENTSFOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2012 (CONTINUED)42. LIST OF ASSOCIATESThe investments in associates are as follows:Name of company% of Group’seffectiveshareholding2012 2011Principal activitiesPlace ofincorporationSamart I-Mobile PublicCompany Limited (“SIM”)24.40 24.42 Mobile phone distributor accessories, andbundled with content in Thailand andoverseasThailandAssociate held throughAxiata Investments(Labuan) LimitedMobile TelecommunicationCompany of Esfahan ˜49.00 49.00 Planning, designing, installing, operatingand maintaining a GSM mobiletelecommunication network to customersin the province of Esfahan, IranIranAssociates held throughCelcom Axiata BerhadSacofa Sdn Bhd 15.12 15.12 Trade or business of atelecommunications infrastructure andservices company including all its relatedbusinessesTune Talk Sdn Bhd 35.00 35.00 Principally engaged in the business ofproviding mobile communication services,complementary value added services andtelecommunication servicesMalaysiaMalaysia~ Reclassified to non-current assets held-for-sale as disclosed in Note 35(b) to the financial statements298