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Axiata Group Berhad | Annual Report 2016
FINANCIAL STATEMENTS
166
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016
9.
OTHER OPERATING INCOME - NET
Note
Group
Company
2016
RM’000
2015
RM’000
2016
RM’000
2015
RM’000
Loss on disposal of PPE
(31,240)
(10,410)
-
2
Gain on tower sale and lease back*
275,032
511,182
-
-
Fair value gain arose from derecognition of an investment
in an associate
5(b)(iv)
-
226
-
-
Bad debts recovered
13,938
11,426
-
-
Others
276,836
153,833
2,184
1,826
Total
534,566
666,257
2,184
1,828
*
On 30 June 2016 (2015: 23 December 2014), XL disposed of certain towers which were subject to the fulfillment of certain survival period
clauses as set out in the agreement. In December 2016 (2015: September), the gain amounting to RM275.0 million (2015: RM511.2 million) or
IDR 0.9 trillion (2015: IDR1.8 trillion) was recognised upon the fulfillment of these clauses.
10. FINANCE INCOME/(COST)
Group
Company
2016
RM’000
2015
RM’000
2016
RM’000
2015
RM’000
Finance income
Islamic Financial Instruments
49,299
64,733
14,392
8,824
Other deposits, cash and bank balances
134,095
108,688
10,751
47,009
Total
183,394
173,421
25,143
55,833
Finance cost
Other borrowings
(831,657)
(637,976)
(57,000)
(24,819)
Profit on Sukuks
(373,128)
(204,879)
-
-
Finance expense on CCIRS:
- cash flow hedge
(4,515)
-
-
-
- net investment hedge
8,116
11,717
-
-
Total
(1,201,184)
(831,138)
(57,000)
(24,819)