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Axiata Group Berhad | Annual Report 2016
FINANCIAL STATEMENTS
116
The Directors have pleasure in submitting their report together with the audited financial statements of the Group and the Company for the financial year
ended 31 December 2016.
PRINCIPAL ACTIVITIES
The principal activities of the Group are the provision of mobile communication services and network transmission related services.
The principal activities of the Company are investment holding and provision of technical and management services on an international scale, where it has
investments in subsidiaries, joint ventures and associates.
The principal activities of the subsidiaries are set out in Note 40 to the financial statements. There has been no significant change in the nature of the activities
of the Group and the Company during the financial year.
FINANCIAL RESULTS
The results of the operations of the Group and the Company for the financial year are as follows:
Group
RM’000
Company
RM’000
Profit for the financial year attributable to:
- owners of the Company
504,254
1,203,302
- non-controlling interests
152,904
-
657,158
1,203,302
In the opinion of the Directors, the results of the operations of the Group and the Company during the financial year were not substantially affected by any
item, transaction or event of a material and unusual nature other than as disclosed in the financial statements.
SHARE CAPITAL
During the financial year, the issued and paid-up capital of the Company was increased from RM8,816.9 million comprising 8,816.9 million ordinary shares of
RM1 each to RM8,971.4 million. The increase in issued and paid-up capital of the Company was in line with the exercise of options and vesting of restricted
share awards (“RSA”) granted under the Performance-Based Employee Share Option Scheme (“ESOS”) and Restricted Share Plan (“RSP”) [“Axiata Share
Scheme”] by the employees of the Company and its subsidiaries as disclosed in Note 14(a) to the financial statements and implementation of Dividend
Reinvestment Scheme (“DRS”) as disclosed in Note 13(a) to the financial statements.
The above mentioned ordinary shares rank pari-passu in all respects with the existing ordinary shares of the Company.
DIVIDENDS
The dividends paid or declared or proposed since the end of the previous financial year are as follows:
Tax exempt dividend under single tier system
Type
Per ordinary
share of RM1 each
Sen
Total
RM’000
In respect of financial year ended 31 December:
- 2015
Final
12
1,058,806
- 2016
Interim
5
446,310
17
1,505,116
DIRECTORS’
REPORT