Maxis Berhad
Annual Report 2014
94
Notes to the
Financial Statements
31 December 2014
1 GENERAL INFORMATION
The principal activity of the Company is investment holding, whilst the principal activities of the Group, comprising the Company and
its subsidiaries, are the provision of mobile, fixed line and international gateway telecommunications services as well as Internet and
broadband services, and corporate support functions for the Group. Details of the principal activities of the subsidiaries are shown in
Note 18 to the financial statements.
There have been no significant changes in the nature of the principal activities of the Group and of the Company during the financial
year.
The Directors regard BGSM Equity Holdings Sdn. Bhd. as the immediate holding company, BGSM Management Sdn. Bhd. as the
intermediate holding company, Maxis Communications Berhad (“MCB”) as the penultimate holding company and Binariang GSM Sdn.
Bhd. (“BGSM”) as the ultimate holding company. All these companies are incorporated and domiciled in Malaysia.
The address of the registered office of business of the Company is as follows:
Level 21, Menara Maxis
Kuala Lumpur City Centre
Off Jalan Ampang
50088 Kuala Lumpur
The address of the principal place of business of the Company is as follows:
Level 8, 10, 11, 14 - 25, Menara Maxis
Kuala Lumpur City Centre
Off Jalan Ampang
50088 Kuala Lumpur
2 BASIS OF PREPARATION
The financial statements of the Group and of the Company have been prepared in accordance with the Malaysian Financial Reporting
Standards (“MFRS”), International Financial Reporting Standards and the requirements of the Companies Act, 1965 in Malaysia.
The financial statements have been prepared under the historical cost convention except as disclosed in the summary of significant
accounting policies in Note 3 to the financial statements.
The preparation of financial statements in conformity with MFRS requires the use of certain critical accounting estimates and
assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date
of the financial statements, and the reported amounts of revenues and expenses during the reported financial year. It also requires
Directors to exercise their judgment in the process of applying the Group’s and the Company’s accounting policies. Although these
estimates and judgments are based on the Directors’ best knowledge of current events and actions, actual results may differ.
The areas involving a higher degree of judgment or complexity, or areas where assumptions and estimates are significant to the
financial statements are disclosed in Note 4 to the financial statements.
