Axiata Group Berhad - Annual Report 2016

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FINANCIAL STATEMENTS Axiata Group Berhad | Annual Report 2016 237
39. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED)
(f) Offsetting financial assets and financial liabilities
The following financial assets and financial liabilities are subject to offsetting, enforceable master netting arrangements and similar agreements.
Gross
amounts
RM’000
Gross amounts of recognised
(financial liabilities)/
financial assets set off
RM’000
Net
amounts
RM’000
Group
2016
Trade receivables 971,725 (526,075) 445,650
Trade payables (2,770,398) 526,075 (2,244,323)
2015
Trade receivables 668,308 (361,286) 307,022
Trade payables (2,082,704) 361,286 (1,721,418)
40. LIST OF SUBSIDIARIES
The Group had the following subsidiaries as at 31 December 2016:
Name of company
Ownership
interest
directly held
by the parent
Ownership
interest held
by the Group
Ownership
interest held
by NCI Principal activities
Country
and place of
incorporation
(%) (%) (%)
Axiata Investments (Labuan) Limited1 100.00 100.00 - Investment holding Federal Territory,
Labuan, Malaysia
Axiata Investments 1 (India) Limited2 100.00 100.00 - Investment holding Mauritius
Axiata Management Services
Sdn Bhd1
100.00 100.00 - Provision of services under
Axiata’s Service Assurance
Centre to telecommunication
service providers
Malaysia
Celcom Axiata Berhad1 100.00 100.00 - Telecommunication network
capacity, infrastructure and
services
Malaysia
Axiata Investments (Singapore)
Limited1
100.00 100.00 - Investment holding Federal Territory,
Labuan Malaysia
Axiata SPV1 (Labuan) Limited1 100.00 100.00 - Financing Federal Territory,
Labuan, Malaysia
Axiata Foundation1 and 5 - - - Develop and nurture talent pool
and foster, develop and improve
education
Malaysia
Axiata SPV2 Berhad1 100.00 100.00 - Financing Malaysia