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Consolidated Income Statement

  After Pre-Listing Restructuring (1) After Pre–Listing Restructuring and Acquisition (2)
2005
RM Million		 2006
RM Million		 2007
RM Million		 2007
RM Million
Operating revenue 6,102.0 8,573.5 9,996.9 9,996.9
Operating profit 829.0 2,379.7 2,445.6 2,445.1
Net finance cost (248.8) (387.2) (641.9) (674.8)
Jointly-controlled entity        
Share of results (net of taxation) (3.7) 10.6 175.5 133.3
Gain on dilution of equity interest     71.3 71.3
Associates:        
Share of results (net of taxation) 19.2 20.0 29.4 145.7
Gain on dilution of equity interest 82.7      
Gain on disposal 8.8      
Profit before taxation 687.2 2,023.1 2,079.9 2,120.6
Taxation (352.8) (678.7) (487.0) (487.0)
Profit after taxation 334.4 1,344.4 1,592.9 1,633.6
Attributable to:        
Equity holder of our Company 261.6 1,150.1 1,527.2 1,588.0
Minority Interests 72.8 194.3 65.7 45.6
Profit after taxation 334.4 1,344.4 1,592.9 1,633.6
Basic earnings per share (sen) 7 32 43 42
Adjusted EBITDA (3) 1,983.1 3,736.9 4,359.8 4,357.5

 

Consolidated Balance Sheet and Gearing as at 31 December 2007

  After Pre-Listing Restructuring (1) After Pre–Listing Restructuring and
Acquisition (2)
Shareholders' Equity 9,776.3 11,284.4
Total debt 9,118.1 10,218.8
Cash and Bank Balance 1,998.9 2,106.4
Net debt 7,119.2 8,112.4
Debt/ shareholders' equity 0.93 0.91
Debt/ Adjusted EBITDA(3) 2.09 2.34
Net debt to Adjusted EBITDA (3) 1.63 1.86

Note:

(1) 
Being the demerger of the Telekom Malaysia Berhad (“TM”) group of companies (“TM Group”) to create 2 separate business groups:
(a) our Group, which will include the TM Group's mobile telecommunications and non-Malaysian businesses to be consolidated under our Company; and
(b) the fixed-line voice, data and broadband services and other telecommunications and non-telecommunications related businesses which shall continue to be carried out by the TM Group.

(2) 
Being the acquisition by our Group from Khazanah Nasional Berhad (“Khazanah”) of equity interests in Sunshare Investments Ltd and PT Excelcomindo Pratama Tbk.

(3) 
Proforma adjusted EBITDA is not a uniformly or legally defined financial measure. We define proforma adjusted EBITDA as net profit/(loss) before taxation, interest expense/(income) and other finance cost, depreciation, impairment and amortisation, other expense/(income), share of results of associates and jointly-controlled entities and foreign exchange gain/(loss). Proforma adjusted EBITDA is presented because we believe it is a widely accepted financial indicator on an entity's ability to incur and service debt. You should not consider the proforma adjusted EBITDA as an alternative to net income or income from operations, or as an indicator of our operating performance or other combined operations or cash flow data prepared in accordance with generally accepted accounting principles, or an alternative to cash flows as a measure of liquidity or any measures of performance derived in accordance with Malaysian GAAP. The computation of proforma adjusted EBITDA herein may differ from similarly titled computations of other companies. Proforma adjusted EBITDA is not a measure of financial performance under Malaysian GAAP and should not be considered as an alternative to net cash provided by operating activities or as a measure of liquidity or an alternative to net income as indicators of our operating performance or any measures of performance derived in accordance with Malaysian GAAP