Annual Report 2008 - Axiata Group Berhad - Investor Relations

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The Tangram ConnectionThe TANGRAM is an ancient Chinese moving piece puzzle, consisting ofgeometric shapes. Various tangram patterns may be formed from the geometricpieces of the tangram puzzle. It is highly creative and flexible in its application.Axiata, like the TANGRAM has its origins in Asia and is piecing together:connectivity, technology and talent to catalyse progress in Asia.Axiata, like the TANGRAM offers a variety of innovative solutions for ourover 89 million customers, connecting them to the world, expanding the horizonsof an upwardly mobile Asia.Axiata’s values and beliefs are reflected on the TANGRAM pieces, wherethey come together as one – binding our values and beliefs as guiding pillars ofour operations, laying the path to our future success.2Axiata Group Berhad Annual Report 2008(formerly known as TM International Berhad)
OPTIMISTICThe bird in full flight symbolises our aspirations for Axiata, a dynamic organisationthat is set to soar and make its presence felt in the industry. Axiata is AdvancingAsia through mobile communications by piecing together technology, connectivityand talent.COLLABORATIVEThe bridge is reflective of Axiata, bridging relationships through affordable connectivity.Axiata is firmly grounded in each national economy, leveraging on world-classprocesses, economies of scale and regional synergies.EXCELLENCEThe arrow embodies Axiata’s quest to excel, delivering sustainable growth andperformance excellence across all of its operations, guided by a policy of strictfinancial discipline to enhance value to shareholders. Axiata continuously evaluatesnew emerging technologies to deliver cost effective, innovative and differentiatedservices to over 89 million customers across Asia.PRINCIPLEDThe boat is representative of the firm and sound leadership of Axiata, navigating theorganisation towards its ambition to become the regional champion by 2015.LOCAL RELEVANCEThe key represents Axiata’s ability to unlock the potential of its Operating Companies.Axiata understands Asia better than anyone else – we are a unique organisationcombining the local expertise of national operating companies with the strongsupport of a regional corporation.INNOVATIONThe rocket signifies Axiata’s commitment to accelerate progress through innovativetechnology and alliances – Axiata brings new technologies and services such as 3G,HSPA and mobile broadband to expand the horizons of an upwardly mobile Asia.UNCOMPROMISINGThe house demonstrates Axiata’s commitment as an organisation to advancingcommunities for sustainable development through its technology and people.3
Page 1: ANNUAL REPORT 2008A X I ATA G R O U
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 22 and 23: Group Corporate StructureAs at 31 M
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
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Board of DirectorsFrom left to righ
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Profile of DirectorsTan Sri Dato’
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Profile of Directors (cont’d.)Dat
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Profile of Directors (cont’d.)Dav
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Profile of Management TeamDato’ S
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Profile of Management Team (cont’
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Profile of Management Team (cont’
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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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