axiata group berhad | annual report 2015
222
NOTES TO THE
FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2015
35. CONTINGENCIES AND COMMITMENTS (CONTINUED)
(d) List of contingent liabilities of subsidiaries of the Group as at 31 December are as follows: (continued)
Potential exposure
2015
2014
Description
RM’million
RM’million
4.
Robi’s tax position
Robi has claimed for SIM tax subsidy as a deductible expense in its tax provision computations
for FY 2005 to 2015 (2014: FY 2005 to 2014). The National Board of Revenue has challenged this
claim and regarded the SIM tax subsidy as non-deductible, on grounds that the subsidies are
collectible from the customers and hence is not a ‘business expense’. The case has been taken to
the local court whereby the proceeding is still ongoing with no decision reached to-date.
Based on legal opinion received, the Board of Directors are of the view that Robi has good
prospects of succeeding on the claim.
339.5
269.2
5.
Access Promotion Contribution (“APC”) of Multinet Pakistan (Private) Limited
(“Multinet”)
Multinet filed a suit during the financial year ended 31 December 2010 in the Honourable High
Court of Sindh against the Federation of Pakistan, Pakistan Telecommunications Authority
(“PTA”), Pakistan Telecommunication Company Limited (“PTCL”) and the Universal Service Fund
Company inter alia challenging the legality and enforcement of APC applicable on international
incoming calls. Multinet has stopped paying APC to PTA from 30 September 2009. In the event
a clawback is required, the estimated amount as per PTA monthly demand notice from January
2010 to December 2012 is PKR4.2 billion (2014: PKR4.2 billion).
Based on legal opinion received, the Board of Directors are of the view that Multinet has good
prospects of succeeding on the claim.
172.6
146.2
Total exposure
902.7
873.7
The Company does not have any contingent liability as at 31 December 2015 and 2014.
(e) Fund commitment
The Company has committed to invest in ADIF for a total amount of RM50.0 million over the period of eight (8) years. As of 31 December 2015,
the amount yet to be invested amounted to RM42.3 million.
36. SIGNIFICANT NON-CASH TRANSACTIONS
Significant non-cash transactions are as follows:
Group
2015
2014
RM’000
RM’000
Asset swap arrangements
428,560
-
Vesting of RSA
89,700
37,228
Dividend Reinvestment Scheme
1,179,334
-
