Source document: singapore-telecommunications-ltd_2019

Question: What was the increase in free cash flow from 2018 to 2019 driven by?
Facts: lower capital expenditure partly offset by lower operating cash flow, higher cash taxes and lower associates’ dividends
Answer: lower capital expenditure partly offset by lower operating cash flow, higher cash taxes and lower associates’ dividends

Question: What are the major capital investments in 2019?
Facts: S$215 million for fixed and data infrastructure, S$183 million for mobile networks and S$189 million for ICT and other investments
Answer: S$215 million for fixed and data infrastructure, S$183 million for mobile networks and S$189 million for ICT and other investments

Question: What was the total amount paid out in final dividends (for FY2018)?
Facts: S$1.75 billion
Answer: S$1.75 billion

Question: How many major components are there in the cash flow (affecting net change in cash balance)?
Facts: investing; operating; ﬁnancing
Derivation: operating##investing##ﬁnancing
Answer: 3

Question: What is the average net change in cash balance across the 2 years?
Facts: 16; 5
Derivation: (-16-5) / 2
Answer: -10.5 million

Question: How much of the investing cash outflow was attributed to acquisitions in 2018?
Facts: 123; 344
Derivation: 123 + 344 
Answer: 467 million

Question: Which market does the information reflect for Airtel?
Facts: India
Answer: India

Question: What is the market position of AIS?
Facts: #1
Answer: #1

Question: What is the % growth of mobile customers for AIS?
Facts: 3.6%
Answer: 3.6%

Question: Which associate had the best % growth in mobile customers?
Facts: Globe
Derivation: 32% > 3.6% > -2.9% > -13%
Answer: Globe

Question: Which associate has the worst market position?
Facts: Airtel
Derivation: #2 is worse than #1.
Answer: Airtel

Question: Which associate had the biggest change in market share from 2018 to 2019?
Facts: Globe
Derivation: (56.6 - 52.1) % > (51.1 - 48.5) % > (28.0 - 25.7) % > (45.2 - 44.8) %
Answer: Globe

Question: What was included in the exceptional items in FY2018?
Facts: FY 2018 included the gain on disposal of economic interest in NetLink Trust of S$2.03 billion.
Answer: FY 2018 included the gain on disposal of economic interest in NetLink Trust of S$2.03 billion.

Question: What was the value of retained profits in FY 2018?
Facts: 2,127
Answer: 2,127 million

Question: What are the 2 components for providers of capital?
Facts: Dividends to shareholders; Interest on borrowings
Answer: Interest on borrowings; Dividends to shareholders

Question: Which year was there a higher average number of employees?
Facts: 2018
Derivation: 25,614 > 24,071
Answer: 2018

Question: Which year had a higher total value added figure?
Facts: 2018
Derivation: 11,555 > 8,959
Answer: 2018

Question: How many components are there under the section "retained in business"?
Facts: Depreciation and amortisation; Non-controlling interests; Retained profits
Derivation: Depreciation and amortisation##Retained profits##Non-controlling interests
Answer: 3

Question: Why did operating revenue increase?
Facts: increases in ICT, digital services and equipment sales
Answer: increases in ICT, digital services and equipment sales

Question: What was the free cash flow for the year?
Facts: S$3.65 billion
Answer: S$3.65 billion

Question: Who are the group's two largest regional associates?
Facts: Airtel; Telkomsel
Answer: Airtel; Telkomsel

Question: What is the % change in EBITDA margin from 2018 to 2019?
Facts: 27; 29.2
Derivation: 27% - 29.2% 
Answer: -2.2 percent

Question: What is the change in net profit from 2018 to 2019 in absolute numbers?
Facts: 3,095; 5,473
Derivation: 3,095 - 5,473 
Answer: -2378 million

Question: Which year (2018 or 2019) had higher basic earnings per share?
Facts: 2018
Derivation: 33.5 (2018) > 19.0 (2019)
Answer: 2018

Question: Which associate's information does this note contain?
Facts: Intouch Holdings Public Company Limited
Answer: Intouch Holdings Public Company Limited

Question: What information does the line item 'Others' relate to?
Facts: adjustments to align the respective local accounting standards to SFRS(I)
Answer: adjustments to align the respective local accounting standards to SFRS(I)

Question: What other information is provided other than financial information from the statement of comprehensive income and statement of financial position?
Facts: Dividends received during the year; Group’s share of market value
Answer: Group’s share of market value; Dividends received during the year

Question: What is the % change in carrying amount from 2017 to 2019?
Facts: 1,581.8; 1,701.6
Derivation:  (1,701.6 - 1,581.8) / 1,581.8
Answer: 7.57 percent

Question: In which year was the total comprehensive income the highest?
Facts: 2018
Derivation: 499.1 > 450.8 > 164.5
Answer: 2018

Question: How many different categories of items are there in the statement of financial position?
Facts: Current Liabilities; Current assets; Non-current assets; Non-current liabilities
Derivation: Current assets##Non-current assets##Current Liabilities##Non-current liabilities 
Answer: 4

Question: What model was used to calculate the fair value of the share options granted?
Facts: Black-Scholes pricing model
Answer: Black-Scholes pricing model

Question: What can the employees do with the granted options?
Facts: purchase ordinary shares of HOOQ
Answer: purchase ordinary shares of HOOQ

Question: How long does the options take to become fully vested?
Facts: 4 years from the vesting commencement date
Answer: 4 years from the vesting commencement date

Question: On how many different occasions did Singtel grant share options in 2017?
Facts: 2 May; 23 October; 24 April; 31 July; 8 September
Derivation: 24 April## 2 May## 31 July## 8 September## 23 October
Answer: 5

Question: As at 31 March 2017, options in respect of how many ordinary shares in HOOQ were outstanding? 
Facts: 43.3; 9.6
Derivation: 43.3 - 9.6
Answer: 33.7 million

Question: When does the term of the option granted on 31 January 2019 end?
Facts: 10 years; 31 January 2019
Derivation: 31 January 2019 + 10 years
Answer: 31 January 2029

Question: What is the content of this note 4?
Facts: Operating Revenue
Answer: Operating Revenue

Question: What forms part of the revenue under "Digital Businesses"?
Facts: Mainly from provisions of digital marketing and advertising services and regional premium OTT video.
Answer: Mainly from provisions of digital marketing and advertising services and regional premium OTT video.

Question: What is the transaction price attributable to unsatisfied performance obligations for ICT services rendered by NCS Pte. Ltd.?
Facts: S$3 billion
Answer: S$3 billion

Question: How many streams of revenue are there under operating revenue?
Facts: Data and Internet; Digital Businesses; Fixed voice; Infocomm Technology; Mobile; Others; Pay television
Derivation: Mobile## Data and Internet## Infocomm Technology## Digital Businesses## Fixed voice## Pay television## Others
Answer: 7

Question: How much revenue does the largest 2 sources of revenue streams bring in for Singtel in 2019?
Facts: 3,340.9; 8,412.9
Derivation: 8,412.9 + 3,340.9 
Answer: 11753.8 million

Question: What is the average revenue under "Other income" across the 2 years?
Facts: 224.7; 258.8
Derivation: (224.7 + 258.8) / 2
Answer: 241.75 million

Question: What was the total ordinary dividend payout per share?
Facts: 17.5 cents per share
Answer: 17.5 cents per share

Question: What is Singtel's credit rating given by Moody's?
Facts: A1
Answer: A1

Question: What is Singtel's credit rating given by S&P Global Ratings?
Facts: A+
Answer: A+

Question: Which year did Singtel have a higher interest cover?
Facts: 2018
Derivation: 20.1 > 16.2
Answer: 2018

Question: What is the average gross debt across the 2 years?
Facts: 10,396; 10,402
Derivation: ( 10,396 + 10,402 ) / 2
Answer: 10399 million

Question: How many factors need to be considered when calculating net capitalisation?
Facts: net debt; non-controlling interests; shareholders’ funds
Derivation: net debt##shareholders’ funds##non-controlling interests
Answer: 3

Question: Why does this net deferred gain balance exist?
Facts: gain on disposal of Assets recognised by Singtel is deferred in the Group’s statement of financial position and amortised over the useful lives of the Assets
Answer: gain on disposal of Assets recognised by Singtel is deferred in the Group’s statement of financial position and amortised over the useful lives of the Assets

Question: Why is there still a balance of net deferred gain since Singtel sold its 100% interest in NLT to NetLink NBN Trust in July 2017?
Facts: Singtel ceased to own units in NLT but continues to have an interest of 24.8% in the Trust which owns all the units in NLT
Answer: Singtel ceased to own units in NLT but continues to have an interest of 24.8% in the Trust which owns all the units in NLT

Question: What "Assets" did Singtel sell to NLT?
Facts: ducts, manholes and exchange buildings
Answer: ducts, manholes and exchange buildings

Question: In which year was the net deferred gain balance the highest?
Facts: 2017
Derivation: 1,351.5 > 395.8 > 377.8 
Answer: 2017

Question: What is the % change in net deferred gain classified under non-current from 2018 to 2019?
Facts: 357.7; 375.0
Derivation: (375.0 - 357.7) / 357.7
Answer: 4.84 percent

Question: In which year has the highest % of the net deferred gain classified as current?
Facts: 2018
Derivation: (20.1/377.8) > (20.8/395.8) > (68.8/1,351.5)
Answer: 2018

Question: What is the topic of note 22?
Facts: Joint Ventures
Answer: Joint Ventures

Question: What does the line item "Others" in the table encompass?
Facts: adjustments to align the respective local accounting standards to SFRS(I)
Answer: adjustments to align the respective local accounting standards to SFRS(I)

Question: Does the 23.3% of the group's ownership in AIS include any indirect equity interest?
Facts: No
Answer: No

Question: Which is the largest joint venture of Singtel, in terms of the proportion of Group's ownership?
Facts: Globe
Derivation: 47.1 > 36.5 > 35.0 > 23.3
Answer: Globe

Question: Which is the largest joint venture of Singtel, in terms of the carrying amount of investment?
Facts: Airtel
Derivation: 6,847.0 > 3,602.1 > 1,079.2 > 659.1
Answer: Airtel

Question: For the joint venture with Airtel, what is the financial impact of the non-controlling interests on the group's share of net assets?
Facts: 1,399.0; 36.5
Derivation: 1,399.0 * 36.5%
Answer: 510.63 million

Question: What is the key focus of note 5.5?
Facts: Other Operating Expense Items
Answer: Other Operating Expense Items

Question: Does the non-audit services provided by KPMG LLP affect their independence?
Facts: these services did not affect the independence of the auditors
Answer: these services did not affect the independence of the auditors

Question: What services do the non-audit fees pertain to?
Facts: tax services, certification and review for regulatory purposes
Answer: tax services, certification and review for regulatory purposes

Question: How many categories of operating expenses are there?
Facts: Allowance for inventory obsolescence; Auditors' remuneration; Impairment of trade receivables; Non-audit fees; Operating lease payments
Derivation: Auditors' remuneration## Non-audit fees## Impairment of trade receivables## Allowance for inventory obsolescence## Operating lease payments
Answer: 5

Question: In which year was there a higher total audit fee paid?
Facts: 2019
Derivation: 2.4 + 1.2 + 1.3 = 4.9 > 1.5 + 1.2 + 2.1 = 4.8
Answer: 2019

Question: What is the average impairment of trade receivables across the 2 years?
Facts: 121.8; 128
Derivation: (128 + 121.8)/2
Answer: 124.9 million

Question: What does key management personnel compensation comprise?
Facts: Comprise base salary, bonus, contributions to defined contribution plans and other benefits, but exclude performance share and share option expenses disclosed below.
Answer: Comprise base salary, bonus, contributions to defined contribution plans and other benefits, but exclude performance share and share option expenses disclosed below.

Question: What does directors' remuneration comprise of?
Facts: Car-related benefits of the Chairman; Directors’ fees
Answer: Directors’ fees; Car-related benefits of the Chairman

Question: How many ordinary shares of Singtel was the Group Chief Executive Officer awarded in 2019?
Facts: up to 1,030,168
Answer: up to 1,030,168

Question: What is the % change in key management personnel compensation from 2018 to 2019, excluding directors' remuneration?
Facts: 19.4; 28.5
Derivation: (19.4 - 28.5) / 28.5
Answer: -31.93 percent

Question: How many subcategories are there that make up key management personnel compensation?
Facts: Directors' remuneration; Executive director; Other key management personnel
Derivation: Executive director##Other key management personnel##Directors' remuneration
Answer: 3

Question: Under other key management personnel of the group, how many executive directors are included?
Facts: Chief Executive Officers of Consumer Singapore; Consumer Australia; Group Chief Corporate Officer; Group Chief Financial Officer; Group Chief Human Resources Officer; Group Chief Information Officer; Group Chief Technology Officer; Group Digital Life; Group Enterprise; International Group
Derivation: Chief Executive Officers of Consumer Singapore##Consumer Australia##Group Enterprise##Group Digital Life##International Group##Group Chief Corporate Officer##Group Chief Financial Officer##Group Chief Human Resources Officer##Group Chief Information Officer##Group Chief Technology Officer
Answer: 10

Question: What does the information in note 18.1 pertain to?
Facts: Fair Values
Answer: Fair Values

Question: What does the fair value of the currency and interest rate swap contracts not include?
Facts: accrued interest
Answer: accrued interest

Question: Where to find the disclosed information on accrued interest?
Facts: Note 16 and Note 27
Answer: Note 16 and Note 27

Question: How many different types of derivative financial instruments are there in the fair value and cash flow hedges?
Facts: Cross currency swaps; Forward foreign exchange contracts; Interest rate swaps
Derivation: Cross currency swaps##Interest rate swaps##Forward foreign exchange contracts
Answer: 3

Question: What is the % of the total group current financial assets that is attributable to the company? 
Facts: 0.7; 155.1
Derivation: 0.7/155.1
Answer: 0.45 percent

Question: How many % of the company's derivative financial liabilities are being disclosed as non-current?
Facts: 191.8; 192.3
Derivation: 191.8/192.3
Answer: 99.74 percent

Question: What is the topic of note 21?
Facts: Subsidiaries
Answer: Subsidiaries

Question: Which subsidiary is there a deemed investment in?
Facts: Singtel Group Treasury Pte. Ltd. (“SGT”)
Answer: Singtel Group Treasury Pte. Ltd. (“SGT”)

Question: What are the terms of the shareholders' advances?
Facts: interest-free and unsecured with settlement neither planned nor likely to occur in the foreseeable future
Answer: interest-free and unsecured with settlement neither planned nor likely to occur in the foreseeable future

Question: What is the average balance of the total across the 3 years?
Facts: 17,441.0; 19,425.9; 20,009.2
Derivation: (20,009.2 + 19,425.9 + 17,441.0) / 3
Answer: 18958.7 million

Question: What is the average allowance for impairment losses across the 3 years?
Facts: 16.0
Derivation: (16.0 + 16.0 + 16.0 )/ 3
Answer: 16 million

Question: How many factors are involved in calculating the balance for subsidiaries?
Facts: Allowance for impairment losses; Deemed investment in a subsidiary; Shareholders' advances; Unquoted equity shares
Derivation: Unquoted equity shares##Shareholders' advances##Deemed investment in a subsidiary##Allowance for impairment losses
Answer: 4

Question: What is this the topic of this note 5?
Facts: Operating Expenses
Answer: Operating Expenses

Question: What does cost of equipment sold include?
Facts: Includes equipment costs related to ICT services.
Answer: Includes equipment costs related to ICT services.

Question: What does selling and administrative costs include?
Facts: Includes supplies and services, as well as rentals of properties and mobile base stations.
Answer: Includes supplies and services, as well as rentals of properties and mobile base stations.

Question: In which year did Singtel had higher total operating expenses?
Facts: 2019
Derivation: 12,904.5 > 12,476.3
Answer: 2019

Question: How many different type of operating expenses are there?
Facts: Cost of equipment sold; Other cost of sales; Repair and maintenance; Selling and administrative costs; Staff costs; Traffic Expenses
Derivation: Cost of equipment sold## Other cost of sales## Staff costs## Selling and administrative costs## Traffic Expenses## Repair and maintenance
Answer: 6

Question: What is the average of the top 3 operating expenses subcategories in 2019?
Facts: 2,597.3; 2,767.1; 3,106.1
Derivation: (3,106.1 + 2,767.1 + 2,597.3) / 3
Answer: 2823.5 million