Wateen HY Report Dec 2010.pdf

SELECTED NOTES TO AND FORMING PART OF THE
CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION (UN-AUDITED)
FOR THE SIX MONTHS PERIOD ENDED DECEMBER 31, 2010
3 months to 6 months to
December 31, December 31, December 31, December 31,
2010 2009 2010 2009
(Rupees in thousand)
Warid Congo S.A (Warid Congo)
Cost and expenses charged by Warid Congo – – – 3,675
Trade Debts written off 125,127 – 125,127 –
Payments made on behalf of Warid Congo – – 5,384 –
Warid Telecom Uganda Limited (Warid Uganda)
Payments made by the Company on behalf of
Warid Uganda – 26,537 47,474 39,933
Trade Debts written off 4,266 – 4,266 –
Warid Telecom Georgia Limited
Provision for doubtful advances 15,402 – 15,402 –
Warid Telecom International – Bangladesh
Provision for doubtful advances 5,586 – 5,586 –
Raseen Technology (Pvt) Limited (Raseen)
Markup charged to Raseen – – 1,159 –
Provision for doubtful advances 16,329 – 16,329 –
Amoon Media Group (Private) Limited
Provision for doubtful advances 27,960 – 27,960 –
Advance for construction of Warid Tower
Advance paid during the period – – 3,200 –
Provision for doubtful advances 68,916 – 68,916 –
Gratuity Fund
Employer contribution to fund 8,905 17,963 27,686 32,963
Provident Fund Trust
Employer contribution to trust 4,649 8,267 14,052 14,865
Surcharge charged by trust on late payments 1,142 – 1,142 –
Other related parties
Remuneration of chief executive and
key management personnel including
benefits and perquisites 110,926 97,664 228,600 190,483
27. Date of authorisation for issue
This condensed interim financial information has been authorised for circulation to the shareholders
by the Board Of Directors of the Company on January 20, 2012.
______________
Chief Executive
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Director
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WATEEN TELECOM LIMITED half yearly report dec ‘10