axiata group berhad | annual report 2015
198
NOTES TO THE
FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2015
21. TRADE AND OTHER PAYABLES (CONTINUED)
(c) During the financial year, the Group and the Company has implemented a new cash–based long term incentive compensation for the general
employees of the Group and the Company as disclosed in Note 14(a) to the financial statements. The payout of the plan is depending on the
performance of the individual and the Group during the service period.
The currency profile of trade and other payables is as follows:
2015
2014
Functional currency
Functional currency
RM
IDR
SLR
BDT
Others
Total
RM
IDR
SLR
BDT
Others
Total
RM’000
RM’000
RM’000
RM’000
RM’000
RM’000
RM’000
RM’000
RM’000
RM’000
RM’000
RM’000
Group
RM
3,195,899
499
-
-
-
3,196,398
2,895,603
595
-
-
-
2,896,198
USD
206,444
552,329
50,380
-
362,935
1,172,088
89,707
509,063
18,252
473,814
219,027
1,309,863
IDR
324
4,303,040
-
-
-
4,303,364
-
4,293,942
-
-
-
4,293,942
SLR
-
-
994,542
-
-
994,542
-
-
693,551
-
-
693,551
BDT
-
-
-
1,182,383
-
1,182,383
-
-
-
693,656
-
693,656
SDR*
37,097
-
-
-
-
37,097
161,182
-
-
-
-
161,182
Others
554
362
-
-
164,490
165,406
19
442
-
1,063
118,596
120,120
Total
3,440,318
4,856,230
1,044,922
1,182,383
527,425 11,051,278
3,146,511
4,804,042
711,803
1,168,533
337,623 10,168,512
Company
RM
26,058
-
-
-
-
26,058
68,018
-
-
-
-
68,018
USD
40,750
-
-
-
-
40,750
11,610
-
-
-
-
11,610
IDR
324
-
-
-
-
324
3
-
-
-
-
3
Others
554
-
-
-
-
554
1,015
-
-
-
-
1,015
Total
67,686
-
-
-
-
67,686
80,646
-
-
-
-
80,646
*
SDR: Special Drawing Rights
Credit terms of trade and other payables for the Group and the Company vary from 30 to 90 days (2014: 30 to 90 days) depending on the terms of the
contracts respectively.
22. PROVISION FOR LIABILITIES
Group
2015
2014
RM’000
RM’000
At 1 January
295,005
293,102
Provision for the financial year
45,548
20,138
Acquisition of a subsidiary
66,221
-
Accretion of interest
7,512
5,188
Currency translation differences
24,557
7,845
438,843
326,273
Utilised during the financial year
(21,269)
(31,268)
At 31 December
417,574
295,005
The provision for liabilities relates to provision for dismantling costs of existing telecommunication network and equipment as disclosed in the significant
accounting policies in Note 3(p) to the financial statements.
