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

ADDITIONAL COMPLIANCEINFORMATION3. DEPOSITORY RECEIPT PROGRAMMEAxiata did not sponsor any depository receipt program for the FY12.[Disclosed in accordance with Appendix 9C, Part A item 16, Main LR]4. SANCTION AND/OR PENALTYThere was no sanction and/or penalty imposed on Axiata and its subsidiaries, directors or management by theregulatory bodies for the FY12.[Disclosed in accordance with Appendix 9C, Part A item 17, Main LR]5. NON-AUDIT FEESThe amount of non-audit fees incurred for the services rendered to Axiata and the Group by its external auditors,Messrs PricewaterhouseCoopers and its affiliated companies for the FY12 are RM2,557,354 and RM3,652,796 respectively.320Services rendered by PricewaterhouseCoopers are not prohibited by regulatory and other professional requirements,and are based on globally practiced guidelines on auditors’ independence. PricewaterhouseCoopers was engaged inthese services when their expertise and experience of Axiata are important. It is also the Group’s policy to use theauditors in cases where their knowledge of the Group means it is neither efficient nor cost effective to employ anotherform of accountants.[Disclosed in accordance with Appendix 9C, Part A item 18, Main LR]6. VARIATION IN RESULTSThere were no profit estimate, forecasts or projections made or released by Axiata for the FY12.[Disclosed in accordance with Appendix 9C, Part A item 19, Main LR]7. PROFIT GUARANTEEThere were no profit guarantees given by Axiata for the FY12.[Disclosed in accordance with Appendix 9C, Part A item 20, Main LR]8. MATERIAL CONTRACTS INVOLVING DIRECTORS’ / MAJOR SHAREHOLDERS’ INTERESTThere were no material contracts of Axiata and/or its subsidiaries involving directors’ and major shareholders’ interestseither subsisting as at 31 December 2012 or entered into since the end of FY11.[Disclosed in accordance with Appendix 9C, Part A item 21, Main LR]9. UTILISATION OF PROCEEDSThe Company, had on 17 July 2012 through its wholly owned subsidiary, Axiata SPV2 Berhad, established a Multi-Currency Sukuk Programme involving the issuance of up to USD1.5 billion (or its equivalent in other currencies basedon Islamic Principle) (“Sukuk Programme”). The net proceed from the issuance of the Sukuk is intended for generalcorporate purposes of the Axiata Group or as may be otherwise specified at the time of the relevant issue of eachseries.On 11 September 2012, Axiata SPV2 successfully priced the inaugural issuance of Renminbi denominated 1.0 billion Sukukunder the Sukuk Programme. The Sukuk was issued at par and has tenure of two years from the date of issuance. TheSukuk was listed and quoted on Bursa Malaysia (under the Exempt Regime) and on the Singapore Exchange SecuritiesTrading Limited.[Disclosed in accordance with Appendix 9C, Part A item 13, Main LR]10. RECURRENT RELATED PARTY TRANSACTIONS OF REVENUE IN NATURE (RRPT)At the last AGM held on 23 May 2012, Axiata has obtained a general mandate from its shareholders for Axiata Groupto enter into RRPT with related parties as set out in the Circular to Shareholders dated 30 April 2012 (“RRPTMandate”). This RRPT Mandate is valid until the conclusion of the Axiata’s forthcoming 21st Annual General meeting tobe held on 23 May 2013 (“21st AGM”).Axiata proposes to seek a new RRPT Mandate at its forthcoming 21st AGM. The new RRPT Mandate, if approved bythe shareholders would be valid until the conclusion of Axiata’s next AGM. Details of the RRPT Mandate to be soughtare provided in the Circular to the Shareholders dated 2 May 2013 sent together with the Annual Report.