notes to tHe FinanCial stateMents
For tHe FinanCial Year ended 31 deCeMBer 2010
34. NON-CURRENT ASSETS/LIABILITIES CLASSIFIED AS HELD-FOR-SALE
The assets and liabilities related to a subsidiary of the Group, Multinet Pakistan (`Private') Limited
(`Multinet') have been presented as non-current assets held-for-sale following an agreement entered into
on 13 July 2010 to dispose Multinet to the existing shareholder in Pakistan. The transaction is expected
to be completed by 30 June 2011. no loss has been recognised in the profit of loss during the financial
year as a result of the re-measurement to FvLCS. Multinet is presented under the `others' segment as
disclosed in note 41 to the financial statements.
a)
Cashflows associated with assets/liabilities held-for-sale
Group
2010
RM'000
15,620
operating cash flows
(14,115)
Investing cash flows
(5,397)
Financing cash flows
(583)
effect of exchange losses
(4,475)
Total cash flows
b)
Assets directly associated with non-current assets classified as held-for-sale
Group
2010
RM'000
251,107
PPe (note 23)
34,667
other current assets
285,774
Total assets directly associated with non-current assets classified as held-for-sale
c)
Liabilities directly associated with non-current assets classified as held-for-sale
Group
2010
RM'000
(80,955)
Borrowings
(2,105)
deferred tax liabilities (note 21)
(161,593)
other current liabilities
(244,653)
Total liabilities directly associated with non-current assets classified as held-for-sale
d)
Cumulative expenses recognised in other comprehensive income relating to non-current assets
classified as held-for-sale amounted to rM21.7 million.
pg 264
annual report 2010
Axiata Group Berhad
(242188-H) ·
