Management Discussion and Analysis
ASSOCIATES(1)
“Associate” refers to an associate and/or a joint venture under SFRS(I).
“**” denotes less than +/-0.05%.
Notes:
“**” denotes less than +/-0.05%.
Notes:
- Based on SFRS(I) and includes the adoption of SFRS(I) 16, Leases, from 1 April 2019 on a prospective basis.
- Assuming constant exchange rates for the regional currencies (Indian Rupee, Indonesian Rupiah, Philippine Peso and Thai Baht) from FY 2019.
- Share of results excludes the Group’s share of the associates’ significant one-off items which have been classified as exceptional items of the Group.
- Singtel holds an equity interest of 21.0% in Intouch which has an equity interest of 40.5% in AIS.
- Singtel’s equity interest in Airtel was 33.3% as at 31 March 2020 (31 March 2019: 39.5%).
- Airtel’s equity interest in Airtel Africa was 56.0% as at 31 March 2020 (31 March 2019: 68.3%).
- BTL held an equity interest of 38.8% in Airtel as at 31 March 2020 (31 March 2019: 50.1%).
- Includes the share of results of Singapore Post Limited and NetLink NBN Trust (holding company of NetLink Trust).
Notes:
- Mobile penetration rate, market share and market position pertain to India market only.
- Based on number of mobile customers.
- Compared against 31 March 2019 and based on aggregate mobile customers.