Annual Report 2008 - Axiata Group Berhad - Investor Relations

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Group Corporate StructureAs at 31 March 2009*Axiata Group BerhadCelcom (Malaysia) Berhad(Malaysia)SunShare Investments Ltd(Labuan)TMI Mauritius Ltd(Mauritius)24.4%Samart I-Mobile PublicCompany Limited(Thailand) ‡Technology ResourcesIndustries Berhad29.7%MobileOne Ltd(Singapore) ‡TMI India Ltd(Mauritius)Celcom Transmission (M) Sdn Bhd49.0%Spice Communications Limited(India) ‡Celcom Technology (M) Sdn Bhd80.0%Celcom Timur (Sabah) Sdn Bhd15.0%Idea Cellular Limited(India) ‡Celcom Multimedia (Malaysia) Sdn BhdCT Paging Sdn BhdC-Mobile Sdn BhdCelcom Mobile Sdn BhdAlpha Canggih Sdn BhdLegend :* = Depicting active subsidiaries,associates and affiliates= Key Operating Companies20.0%Sacofa Sdn Bhd38.2%Tune Talk Sdn Bhd= Wholly-owned subsidiaries= Non wholly-owned subsidiaries= Associates / Affiliates‡ = Listed Companies20Axiata Group Berhad Annual Report 2008(formerly known as TM International Berhad)
19.0%Samart Corporation PublicCompany Limited(Thailand) ‡TM International (L) Limited(Labuan)Indocel Holding Sdn Bhd(Malaysia)Telekom Malaysia International (Cambodia)Company Limited(Cambodia)83.8%PT Excelcomindo Pratama Tbk(Indonesia) ‡49.0%Mobile Telecommunications Company of Esfahan(Iran)70.0%TM International (Bangladesh) Limited(Bangladesh)89.0%Multinet Pakistan (Private) Limited(Pakistan)85.0%Dialog Telekom PLC(Sri Lanka) ‡Dialog Television (Private) Limited(Sri Lanka)CBN Sat (Private) Limited(Sri Lanka)Communiq Broadband Network (Private) Limited(Sri Lanka)Dialog Broadband Networks (Private) Limited(Sri Lanka)21
Page 1: ANNUAL REPORT 2008A X I ATA G R O U
Page 4 and 5: The Tangram ConnectionThe TANGRAM i
Page 6 and 7: Annual Report 20084Axiata Group Ber
Page 9 and 10: OPTIMISTICThe bird in full flight s
Page 11 and 12: The name Axiata embodies who we are
Page 13 and 14: Our Beliefs and ValuesAxiata is the
Page 15: group COMPANY SECRETARYSuryani Huss
Page 18 and 19: Axiata ProfileAbout AxiataAxiata Gr
Page 20 and 21: Regional Presence18Axiata Group Ber
Page 25 and 26: EXCELLENCEThe arrow embodies Axiata
Page 27 and 28: Dear Shareholders,I am pleased to p
Page 29 and 30: Our tagline of “Advancing Asia”
Page 31 and 32: Dear Shareholders,This being our in
Page 33 and 34: GROUP PERFORMANCEREVIEWFor most of
Page 35 and 36: This hugely successful strategy, wh
Page 37 and 38: Strengthening governance included a
Page 39 and 40: +13.5%Group Financial OverviewOpera
Page 41 and 42: Two-Year Group Financial Highlights
Page 43 and 44: Reporting by Geographical Location5
Page 45 and 46: Dialog and TMIB had registered RM25
Page 47 and 48: TMIBFor the year ended 31 December
Page 49 and 50: PRE MERGERPOST SPICE MERGER13 No. o
Page 51 and 52: September 2006Dialog acquired 90.0%
Page 53: Awards and AccoladesCelcom (Malaysi
Page 56 and 57: Board of DirectorsFrom left to righ
Page 58 and 59: Profile of DirectorsTan Sri Dato’
Page 60 and 61: Profile of Directors (cont’d.)Dat
Page 62 and 63: Profile of Directors (cont’d.)Dav
Page 64 and 65: Profile of Management TeamDato’ S
Page 66 and 67: Profile of Management Team (cont’
Page 68 and 69: Profile of Management Team (cont’
Page 70 and 71: Profile of Operating Companies’ M
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Profile Of operating Companies’ M
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Statement on Corporate GovernanceAx
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Statement on Corporate Governance (
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Directors’ Statement on Internal
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Board Audit Committee ReportThe Boa
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Board Audit Committee Report (cont
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LOCAL RELEVANCEThe key represents A
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BUSINESS HIGHLIGHTS 2008Through the
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Xpax also offers the budget-conscio
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Business SolutionsWith its widest n
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Business Highlights 2008XL expanded
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Regulatory OverviewThe Indonesian r
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Business Highlights 2008Dialog cons
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FINANCIAL PERFORMANCEDialog Telekom
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Mobile IndustryThe mobile telecommu
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With its strengths and competencies
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OUTLOOK FOR 2009Despite the absence
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EBITDA margin stood at 25.9% whilst
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Axiata’s investment into Idea was
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BUSINESS HIGHLIGHTS 2008As at 31 De
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OUTLOOK FOR 2009The telecommunicati
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REGULATORY OVERVIEWPakistan is gene
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The technology-related business uni
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Given the higher inflation and over
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AWARDS• Prime Minister Award 2008
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Products and Services CatalogueMala
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Products and Services Catalogue (co
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Products and Services ReviewAxiata
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Products and Services Review (cont
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UNCOMPROMISINGThe house demonstrate
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Key Investor Relations initiatives
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In line with this people strategy,
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XL’s initiatives are focused on e
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The Dialog - University of Moratuwa
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Financial Statements156 Directors
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directors’ reportThe Directors ha
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DIRECTORSThe Directors who have hel
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STATUTORY INFORMATION ON THE FINANC
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BALANCE SHEETSAS AT 31 DECEMBER 200
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CONSOLIDATED STATEMENT OF CHANGES I
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COMPANY STATEMENT OF CHANGES IN EQU
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NOTES TO THE FINANCIAL STATEMENTSFO
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2 BASIS OF PREPARATION OF THE FINAN
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3 SIGNIFICANT ACCOUNTING POLICIES (
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4 CRITICAL ACCOUNTING ESTIMATES AND
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5 SIGNIFICANT GROUP RESTRUCTURING,
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7(b) OTHER OPERATING COSTS (continu
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10 TAXATIONThe taxation expense for
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12 SHARE CAPITALGroupCompany2008 20
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13 EMPLOYEES’ SHARE OPTION SCHEME
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14 OTHER RESERVESGroupCompany2008 2
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15 BORROWINGS (continued)2008Weight
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15 BORROWINGS (continued)(d)Consist
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15 BORROWINGS (continued)(f)Borrowi
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15 BORROWINGS (continued)(f)Borrowi
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16 AMOUNTS DUE TO FORMER HOLDING CO
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18 DEFERRED TAX (continued)The tax
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20 INTANGIBLE ASSETS (continued)Goo
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20 INTANGIBLE ASSETS (continued)(b)
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21 PROPERTY, PLANT AND EQUIPMENT (c
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21 PROPERTY, PLANT AND EQUIPMENT (c
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22 INVESTMENT PROPERTIES (continued
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25 JOINTLY CONTROLLED ENTITIES (con
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26 ASSOCIATES2008 2007RestatedMalay
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26 ASSOCIATES (continued)(a)Key ass
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27 INVESTMENTS (continued)(ii)The f
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30 TRADE AND OTHER RECEIVABLES (con
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31 CASH AND BANK BALANCES (continue
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33 CASH FLOWS FROM/(USED IN) OPERAT
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34 CONTINGENCIES AND COMMITMENTS (c
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35 HEDGING TRANSACTIONS (continued)
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36 SIGNIFICANT EVENTS DURING THE FI
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36 SIGNIFICANT EVENTS DURING THE FI
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37 SUBSEQUENT EVENTS (continued)(b)
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39 SEGMENTAL REPORTING (continued)S
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39 SEGMENTAL REPORTING (continued)M
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40 FINANCIAL RISK MANAGEMENT OBJECT
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41 INTEREST RATE RISK (continued)Ma
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41 INTEREST RATE RISK (continued)Ma
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42 CREDIT RISKFor on-balance sheet
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44 LIST OF SUBSIDIARIES (continued)
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44 LIST OF SUBSIDIARIES (continued)
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46 LIST OF ASSOCIATES (continued)%
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48 CHANGES IN COMPARATIVES (continu
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49 RELATED PARTY TRANSACTIONSAll re
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49 RELATED PARTY TRANSACTIONS (cont
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49 RELATED PARTY TRANSACTIONS (cont
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INDEPENDENT AUDITORS’ REPORTTO TH
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Group Financial AnalysisOperating R
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The weakening of the IDR against US
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Shareholding Statisticsas at 31 Mar
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List of Top 30 Largest Shareholders
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No.6.Compliance Issuevariation in r
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Net Book Value of Land and Building
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Group DirectoryAxiata Group BerhadL
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EDGEEnhanced Data rates for GSM Evo
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SLTSenior Leadership TeamSMESmall M
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AS SPECIAL BUSINESS:To consider and
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EXPLANATORY NOTES ON SPECIAL BUSINE
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PROXY14. A member entitled to atten
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Proxy Form(Before completing the fo
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