About This Report
Axiata’s 6 Capitals
Financial Human
Intellectual Social & Relationship
Manufactured Natural
Axiata’s 4P Goals
Performance Partnership
People Planet & Society
Reporting Philosophy
This is Axiata Group Berhad’s (“Axiata” or “the Group”) second
Integrated Annual Report (“IAR”), which has been prepared
according to the International Integrated Reporting Council’s
(“IIRC”) International <IR> Framework. In using the integrated
reporting approach, we aim to provide our stakeholders with
a concise yet comprehensive account of our business and
strategies, and demonstrate how value is created and shared.
Scope and Boundary
Axiata’s 2018 IAR extends beyond financial reporting and
includes non-financial performance, opportunities, risks and
outcomes attributed to or associated with our key stakeholders,
all of which have a significant influence on our ability to create
value.
The 2018 IAR covers the period from 1 January 2018 to
31 December 2018 and builds on our previous publications.
The report covers the primary activities of the Group, namely
our three core business pillars of Digital Telco, Digital Businesses
and Infrastructure.
Assurance
Our Annual Financial Statements (“AFS”) have been audited as
fully disclosed in the Statutory Annual Financial Report 2018.
Limited assurance has been provided on selected disclosure(s)
within our Sustainability and National Contribution Report
(“SNCR”) 2018. Both of those processes make up our 2018 IAR,
which contains both financial and non-financial indicators.
Approval by the Board
The Board of Directors (“Board”) has applied its collective mind
in preparing and presenting Axiata’s IAR 2018 as guided by the
IIRC’s International <IR> Framework. The Board acknowledges
its responsibility in ensuring the integrity of this report, through
good governance practices and internal reporting procedures.
Materiality
We have conducted our materiality assessment in line with Bursa
Malaysia Securities Berhad’s (“Bursa”) Listing Requirements.
We have sought our stakeholders’ input in addition to the
business’ perspectives. These include risks identified through our
risk management framework in determining the material issues
which impact our ability to create value over the short, medium
and long-term. Our strategic responses to these material issues
are presented throughout this report.
Forward-Looking Statements
This report contains forward-looking statements characterised
by the use of words and phrases such as “might”, “forecast”,
“anticipate”, “project”, “may”, “believe”, “predict”, “expect”,
“continue”, “will”, “estimate”, “target” and other similar
expressions. As our business operates in a perpetually shifting
and changing environment, it is subject to uncertainties that
could cause actual results to differ from those reflected in the
forward-looking statements.
Section 2018 Improvements
The Value We Create • Reporting three-year trends for indicators where data is available
• Providing an explanation on the trade-offs between capitals
Operating Environment • Comparison of external economic and market factors against Axiata’s strategic
response, implications on our strategy and the way forward for the Group
Risks and Materiality • Detailed descriptions of each risk, including risk matrix, risk level and movement,
mitigating actions, risk owners, impacts and key risk indicators
Eight Needle-Moving Strategic
Initiatives
• Using Axiata’s 4P Goals as the framework for our Triple Core Strategy disclosure of the
Group’s progress against the Eight Needle-Moving Strategic Initiatives
Information on Exclusions
Our disclosure appetite guides the limitations of information
available in this report. We seek to balance between positive
and negative information, and information withheld based on
competitive advantage. Requirements of the <IR> International
Framework have not been excluded due to the unavailability of
reliable information or specific legal prohibitions.
Improvements in Axiata’s IAR 2018
In 2018, the Group improved our disclosures through the following actions:

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