Overview
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Corporate
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Information
7
Maxis Berhad
Annual Report 2014
Financial
Highlights
2013-2014
YOY
2014
2013
2012
Change
FINANCIAL RESULTS
Financial Indicators (RM’m)
Revenue
8,389
9,084
8,967
(7.7%)
Service revenue
8,229
8,514
8,539
(3.3%)
EBITDA
4,229
4,310
4,359
(1.9%)
Normalised EBITDA
(1)
4,207
4,522
4,359
(7.0%)
Profit from operations
2,816
2,825
2,864
(0.3%)
Profit Before Tax (“PBT”)
2,436
2,496
2,576
(2.4%)
Profit After Tax (“PAT”)
1,725
1,772
1,860
(2.7%)
Normalised PAT
(2)
1,910
2,097
2,049
(8.9%)
Profit attributable to equity holders of the Company
1,718
1,765
1,856
(2.7%)
Financial Ratios
EBITDA margin (%)
50.4
47.4
48.6
Normalised EBITDA margin (%)
50.1
49.8
48.6
PBT margin (%)
29.0
27.5
28.7
PAT margin (%)
20.6
19.5
20.7
Normalised PAT margin (%)
22.8
23.1
22.9
Interest cover ratio
6.6
7.9
8.4
Earnings per share (sen)
- basic
22.9
23.5
24.7
- fully diluted
22.9
23.5
24.7
Dividends per share (sen)
(3)
40.0
40.0
40.0
FINANCIAL POSITIONS
Financial Indicators (RM’m)
Equity attributable to equity holders of the Company
4,716
6,002
7,049
Total assets
18,109
17,330
17,802
Total borrowings
8,798
7,525
7,312
Financial Ratios
Return on Invested Capital (%)
16.9
16.1
15.9
Return on Average Equity (%)
32.1
27.1
24.5
Return on Average Assets (%)
12.0
12.0
12.2
Gearing ratio
1.53
1.12
0.90
Net assets per share attributable to equity holders of the Company (RM)
0.63
0.80
0.94
Notes:
(1)
Exclude one-off items for the following years:
(a) Year 2014 - reversal of contract obligations of RM22 million
(b) Year 2013 - RM212 million comprising (i) Career Transition Scheme (“CTS”) costs of RM143 million; (ii) provision for contract obligations of RM65 million; and (iii) write down of assets of RM4
million
(2)
Exclude one-off items (after tax effect) for the following years:
(a) Year 2014 - RM185 million comprising accelerated depreciation of RM201 million offset by reversal of contract obligations of RM16 million
(b) Year 2013 - RM325 million comprising (i) CTS costs of RM107 million; (ii) provision for contract obligations of RM49 million; (iii) write down of assets of RM65 million; and (iv) accelerated
depreciation of RM104 million
(c) Year 2012 - RM189 million comprising (i) accelerated depreciation of RM121 million; and (ii) write down of assets of RM100 million, offset by last mile broadband tax incentive of RM32 million
(3)
Dividends per share consist of interim and final dividends declared and proposed in respect of the designated financial years.
