axiata group berhad | annual report 2015
238
NOTES TO THE
FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2015
40. LIST OF ASSOCIATES
The investments in associates are as follows:
Name of company
Group’s effective ownership
interest
Principal activities
Country
and place of
incorporation
2015
2014
(%)
(%)
Associate held through Celcom Axiata Berhad
Sacofa Sdn Bhd
15.12
15.12
Telecommunication
infrastructure and services
Malaysia
Associate held through Celcom Intelligence Sdn Bhd
Celcom Planet Sdn Bhd
49.00
49.00
e-commerce platform
business
Malaysia
Associate held through Axiata Investments (Singapore)
Limited
M1 Limited
28.32
28.50
Mobile telecommunication
services, sales of
telecommunication
equipment and accessories
Singapore
Associate held through Axiata Investments 1 (India)
Limited and Axiata Investments 2 (India) Limited
Idea Cellular Limited
19.78
19.79
Mobile telecommunication
services
India
Associates held through Dialog Axiata PLC
Firstsource Dialog Solutions (Private) Limited
21.66
21.66
Information technology
enabled services
Sri Lanka
Digital Commerce Lanka (Pvt) Ltd
1
-
35.39
e-commerce
Sri Lanka
Associate held through Dialog Holding Lanka (Private)
Limited
Headstart (Private) Limited
21.66
-
Creating and providing
e-learning content
Sri Lanka
Associate held through Axiata SPV4 Sdn Bhd
Axiata Digital Innovation Fund Sdn Bhd
71.07
-
Venture capital
Malaysia
All associates have co-terminous financial year end with the Group except for Idea with financial year ended on 31 March.
1
During the financial year, Dialog Group increased its equity investment in DCL as disclosed in Note 5 (a)(vi) to the financial statements.
