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FINANCIAL STATEMENTS
Axiata Group Berhad | Annual Report 2016
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36. CONTINGENCIES AND COMMITMENTS (CONTINUED)
(d) List of contingent liabilities of subsidiaries of the Group as at 31 December are as follows: (continued)
Description
Potential exposure
2016
RM’million
2015
RM’million
7.
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 (2015: 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.
180.8
172.6
Total exposure
15,369.7
902.7
The Company does not have any contingent liability as at 31 December 2016 and 31 December 2015.
(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 2016,
the amount yet to be invested amounted to RM31.2 million (2015:RM42.3 million).
37. SIGNIFICANT NON-CASH TRANSACTIONS
Significant non-cash transactions are as follows:
Group
2016
RM’000
2015
RM’000
Asset swap arrangements
-
428,560
Vesting of RSA
22,262
89,700
DRS
714,639
1,179,334