Annual Report 2010 - Axiata Group Berhad - Investor Relations

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October 2005TMI through SunShare, acquired12.1% of the equity shares inM 1 f r o m G r e a t E a s t e r nTelecommunications Ltd. Prior toMarch 2006, SunShare made onmarketpurchases, bringing its totalequity interest in M1 to 29.8%.October 2005Indocel increased its shareholdingin XL to 56.9% through theexercise of its call and put option.DECEMBER 2005TMI through TMIL acquired a 49%ownership interest in MTCE througha transfer from TRI, a whollyownedsubsidiary of Celcom.DECEMBER 2005Dialog acquired 100% of DBN(then known as MTT Network(Private) Limited).2006FEBRUARY 2006TMI obtained a 24.4% stake in SIMfrom SIM’s parent company,Samart. In addition, TMI has a18.9% stake in Samart and Samartin turn holds 54.1% in SIM.february 2006TMI purchased the remaining 49%of Casacom from Samart, andCasacom became a wholly-ownedsubsidiary of TMI.MARCH 2006TMI acquired the entire equityinterest of TMI India (then knownas DCIL and now known as AIL2),which had a 49% equity interestin Spice.JUNE 2006Indocel increased its shareholdingin XL to 59.7% by a purchase ofadditional shares from AIF(Indonesia) Ltd.SEPTEMBER 2006Dialog acquired 90% of the totalissued and paid-up share capital ofDialog TV (then known as AssetMedia (Private) Limited) from NihalSeneviratne Epa and LasanthaJoseph Milroy Peiris.september 2006TMI through TMIL entered into ashare sale agreement with NasserKhan Ghazi to acquire an additional11% equity interest in Multinet.october 2006Casacom changed its name toTMIC.DECEMBER 2006Dialog, through Dialog TV, enteredinto a share sale and purchaseagreement for the acquisition of100% of the share capital of CBNPand CBNSP from MuhunthanCanagasooryam and NiranjanCanagasooryam.Note:1. TMI India changed its name to AxiataInvestments 2 (India) Limited (AIL2)w.e.f. 20 May 2010pg 35Raising the Bar
Major Milestones2007june 2007Indocel increased its shareholdingin XL to 67% by a purchase ofadditional shares from AIF(Indonesia) Ltd.July 2007Spice was listed on the BombayStock Exchange. Due to theissuance of new shares by Spice inits IPO, TMI’s stake was reducedto 39.2%.September 2007Dialog acquired the remaining 10%of the total issued and paid-upshare capital in Dialog TV, whichresulted in Dialog TV becomingwholly-owned by Dialog.DECEMBER 2007TMI through TMIL entered into ashareholders’ agreement withEtisalat Indonesia in relation to theacquisition of 15.97% equityinterest in XL by Etisalat Indonesiafrom Bella Sapphire Ventures Ltd.2008APRIL 2008TMI was demerged from TM,resulting in the acquisition of 100%stake in Celcom and 51% stake inSunShare. TMI also acquired 16.81%and 49% additional stakes inXL and SunShare respectivelyfrom Khazanah.April 2008TMI was listed on the Main Marketof Bursa Securities.August 2008TMI India through TMI Mauritius(now known as AIL1) acquired a14.99% stake in Indian cellularcompany, Idea and announced amerger of Spice with Idea.September 2008A.K. Khan & Company Limited andaffiliates disposed its entire stakein TMIB equivalent to 30% ofissued and paid-up share capital toNTT DoCoMo, INC.October 2008TMI through TMI Mauritius increasedits stake in Spice to 49% as aresult of the mandatory generaloffer of Spice undertaken as partof the Spice-Idea merger.2009march 2009TMI changed its name to AxiataGroup Berhad.april 2009Axiata unveiled its new brandidentity.may 2009TMIB changed its name to Axiata(Bangladesh) Limited.december 2009Indocel increased its shareholdingin XL to 86.49% pursuant to arights issue.december 2009XL changed its name to PT XLAxiata Tbk.Notes:1. TMI Mauritius – changed its name toAxiata Investments 1 (India) Limited(AIL1) w.e.f. 20 May 2010december 2009Celcom changed its name toCelcom Axiata Berhad.Axiata Group Berhad (242188-H) • annual report 2010 pg 36
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Page 3 and 4: affordable connectivityinnovative t
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Statement on Internal Control• Tr
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Statement on Internal Control• Wh
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Statement on Internal ControlIAD ad
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The Board of Directors of Axiata is
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Board Audit Committee Report• Ver
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Board Audit Committee Report2.7 Mem
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Board Audit Committee Reportv) Revi
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BusinessReviewMALAYSIACELCOM AXIATA
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BUsiness reVieWDevicesAs the market
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BUSINESS ReviewThe company has also
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BUSINESS ReviewindonesiaPT XL AXIAT
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BUSINESS ReviewXL launched its mobi
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BUSINESS ReviewSRI LANKADIALOG AXIA
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BUSINESS ReviewDialog Broadband Net
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BUSINESS ReviewDBN consolidated its
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BUSINESS ReviewCAMBODIAHELLO AXIATA
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BUsiness reVieWindiaIDEA CELLULAR L
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Concerted focus on enhancing the cu
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About M1M1 is a leading provider of
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BUSINESS REvIEwPAKISTANIRANMuLTineT
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CorporateResponsibilityAt Axiata, o
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Corporate ResponsibilityThe program
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Currently, more than 20% of the Gro
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Corporate ResponsibilityCELCOMCelco
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Corporate ResponsibilityIn 2010, a
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Corporate ResponsibilityHELLOAs par
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pg 159Financial Statements
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direCtors’reportThe directors hav
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DIRECTORS’ INTERESTSIn accordance
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stateMents oFCoMpreHensiVe inCoMeFo
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stateMents oFFinanCial positionas a
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Consolidated stateMentoF CHanGes in
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CoMpanY stateMentoF CHanGes in eQUi
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notes to tHeFinanCial stateMentsFor
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2. BASIS OF PREPARATION OF THE FINA
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2. BASIS OF PREPARATION OF THE FINA
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3. SIGNIFICANT ACCOUNTING POLICIES
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4. CRITICAL ACCOUNTING ESTIMATES AN
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4. CRITICAL ACCOUNTING ESTIMATES AN
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5. SIGNIFICANT MERGER, DISPOSALS, A
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7(a) DEPRECIATION, IMPAIRMENT AND A
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7(c) STAFF COSTS (including remuner
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10. FINANCE INCOME/(COST)GroupCompa
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11. TAXATION (CONTINUED)numerical r
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13. SHARE CAPITAL (CONTINUED)Group
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14. EMPLOYEES’ SHARE OPTION SCHEM
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15. OTHER RESERVES (CONTINUED)(i)As
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16. BORROwINGS (CONTINUED)2010 2009
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16. BORROwINGS (CONTINUED)The curre
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17. FINANCIAL INSTRUMENTS BY CATEGO
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18. CREDIT QUALITY OF FINANCIAL ASS
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19. DERIVATIVE FINANCIAL INSTRUMENT
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19. DERIVATIVE FINANCIAL INSTRUMENT
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21. DEFERRED TAXdeferred tax assets
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22. INTANGIBLE ASSETSNote Goodwill
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22. INTANGIBLE ASSETS (CONTINUED)(a
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23. PROPERTY, PLANT AND EQUIPMENT (
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23. PROPERTY, PLANT AND EQUIPMENT (
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24. INVESTMENT PROPERTIESFreeholdNo
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25. SUBSIDIARIES (CONTINUED)The Gro
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27. ASSOCIATES2010 2009Malaysia Ove
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27. ASSOCIATES (CONTINUED)(i)The ke
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28. AVAILABLE-FOR-SALE FINANCIAL AS
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29. LONG TERM RECEIVABLES (CONTINUE
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32. TRADE AND OTHER RECEIVABLESGrou
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33. CASH AND BANK BALANCES (CONTINU
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35. TRADE AND OTHER PAYABLESGroupCo
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36. CASH FLOwS FROM/(USED IN) OPERA
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38. CHANGES IN ACCOUNTING POLICIES
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41. SEGMENTAL REPORTING (CONTINUED)
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42. FINANCIAL RISK MANAGEMENT OBJEC
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43. LIST OF SUBSIDIARIES (CONTINUED
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45. LIST OF ASSOCIATES (CONTINUED)N
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46. RELATED PARTY TRANSACTIONSAll r
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stateMent BY direCtorspUrsUant to s
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REPORT ON OTHER LEGAL AND REGULATOR
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In addition, the Group embarked on
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SUBSTANTIAL SHAREHOLDERS (HOLDING 5
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No.Name24. Citigroup nominees (Temp
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NO.ITEM/DESCRIPTION6. VARIATION IN
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TransactingCompaniesTransactingRela
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list oF top ten propertiesas at 31
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GlossarY3GThe third generation of m
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IPVPNInternet Protocol virtual Priv
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notiCe oFannUal General MeetinGNOTI
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(iii) do or procure to be done all
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(v) PROPOSED EXEMPTION UNDER PARAGR
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(iv) PROPOSED AUTHORITY FOR AXIATA
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adMinistratiVedetails For tHe 19tH
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“A”Proxy Form(Before completing
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Annual Report 2010 - Axiata Group Berhad - Investor Relations

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