XML 198 R20.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Performance (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Analysis of income and expense [abstract] |
Disclosure of revenue | Revenue from continuing operations by category
| 2018 |  |  | 2017 |  |  | 2016 |
| (US$ millions)
Mobile | 2,248 |  |  | 2,281 |  |  | 2,343 |
Cable and other fixed services | 1,568 |  |  | 1,553 |  |  | 1,437 |
Other | 46 |  |  | 41 |  |  | 39 |
Service revenue | 3,861 |  |  | 3,876 |  |  | 3,820 |
Telephone and equipment and other | 213 |  |  | 200 |  |  | 223 |
Total revenue | 4,074 |  |  | 4,076 |  |  | 4,043 |
Revenue from continuing operations by country or operation
| 2018 |  | 2017 |  | 2016
| (US$ millions)
Colombia | 1,661 |  |  | 1,739 |  |  | 1,717 |
Paraguay | 679 |  |  | 662 |  |  | 623 |
Bolivia | 614 |  |  | 555 |  |  | 542 |
El Salvador | 405 |  |  | 422 |  |  | 425 |
Tanzania (excluding Zantel) | 356 |  |  | 348 |  |  | 347 |
Chad | 128 |  |  | 140 |  |  | 166 |
Costa Rica | 155 |  |  | 153 |  |  | 152 |
Panama | 17 |  |  | — |  |  | — |
Other operations | 60 |  |  | 57 |  |  | 71 |
Total | 4,074 |  |  | 4,076 |  |  | 4,043 |
Revenue from contracts with customers from continuing operations:
Year ended December 31, 2018 |  |  |  |  |  |  |
$ millions | Timing of revenue recognition |  | Latin America |  | Africa |  | Total Group
Mobile | Over time |  | 1,701 |  |  | 401 |  |  | 2,102 |
Mobile Financial Services | Point in time |  | 37 |  |  | 109 |  |  | 147 |
Cable and other fixed services | Over time |  | 1,556 |  |  | 12 |  |  | 1,568 |
Other | Over time |  | 42 |  |  | 3 |  |  | 46 |
Service Revenue |  |  | 3,336 |  |  | 526 |  |  | 3,861 |
Telephone and equipment | Point in time |  | 212 |  |  | 1 |  |  | 213 |
Revenue from contracts with customers |  |  | 3,548 |  |  | 526 |  |  | 4,074 |
Revenue from contracts with customers from continuing operations:
Year ended December 31, 2018 |  |  |  |  |  |  |
$ millions | Timing of revenue recognition |  | Latin America |  | Africa |  | Total Group
Mobile | Over time |  | 1,701 |  |  | 401 |  |  | 2,102 |
Mobile Financial Services | Point in time |  | 37 |  |  | 109 |  |  | 147 |
Cable and other fixed services | Over time |  | 1,556 |  |  | 12 |  |  | 1,568 |
Other | Over time |  | 42 |  |  | 3 |  |  | 46 |
Service Revenue |  |  | 3,336 |  |  | 526 |  |  | 3,861 |
Telephone and equipment | Point in time |  | 212 |  |  | 1 |  |  | 213 |
Revenue from contracts with customers |  |  | 3,548 |  |  | 526 |  |  | 4,074 |
Disclosure of cost of sales | The cost of sales and operating expenses incurred by the Group can be summarized as follows: Cost of sales
| 2018 |  | 2017 |  | 2016
| (US$ millions) |  |
Direct costs of services sold | (829 | ) |  | (913 | ) |  | (857 | )
Cost of telephone, equipment and other accessories | (230 | ) |  | (219 | ) |  | (254 | )
Bad debt and obsolescence costs | (87 | ) |  | (72 | ) |  | (63 | )
Cost of sales | (1,146 | ) |  | (1,205 | ) |  | (1,175 | )
Disclosure of operating expenses | Operating expenses, net
| 2018 |  | 2017 |  | 2016
| (US$ millions) |  |
Marketing expenses | (404 | ) |  | (463 | ) |  | (442 | )
Site and network maintenance costs | (209 | ) |  | (176 | ) |  | (160 | )
Employee related costs (B.4.) | (514 | ) |  | (451 | ) |  | (451 | )
External and other services | (185 | ) |  | (152 | ) |  | (218 | )
Rentals and operating leases | (155 | ) |  | (155 | ) |  | (159 | )
Other operating expenses | (207 | ) |  | (197 | ) |  | (196 | )
Operating expenses, net | (1,674 | ) |  | (1,593 | ) |  | (1,627 | )
Disclosure of other operating income (expense) | The other operating income and expenses incurred by the Group can be summarized as follows: Other operating income (expenses), net
| Notes |  | 2018 |  | 2017 |  | 2016
|  |  | (US$ millions) |  |
Income from tower deal transactions | C.3.4. |  | 65 |  |  | 63 |  |  | — |
Impairment of intangible assets and property, plant and equipment | E.1., E.2. |  | (6 | ) |  | (12 | ) |  | (6 | )
Gain (loss) on disposals of intangible assets and property, plant and equipment |  |  | 8 |  |  | 1 |  |  | (8 | )
Other income (expenses) |  |  | 9 |  |  | 16 |  |  | — |
Other operating income (expenses), net |  |  | 76 |  |  | 68 |  |  | (14 | )
Disclosure of operating segments | Revenue, operating profit (loss), EBITDA and other segment information for the years ended December 31, 2018, 2017 and 2016, were as follows:
| Latin America |  | Africa (vii) |  | Unallocated |  | Guatemala and Honduras(vii) |  | Eliminations and Transfers |  | Total
| (US$ millions)
Year ended December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mobile revenue | 3,214 |  |  | 510 |  |  | — |  |  | (1,475 | ) |  | — |  |  | 2,248 |
Cable and other fixed services revenue | 1,808 |  |  | 12 |  |  | — |  |  | (253 | ) |  | — |  |  | 1,568 |
Other revenue | 48 |  |  | 3 |  |  | — |  |  | (6 | ) |  | — |  |  | 46 |
Service revenue (i) | 5,069 |  |  | 526 |  |  | — |  |  | (1,734 | ) |  | — |  |  | 3,861 |
Telephone and equipment and other revenue | 415 |  |  | 1 |  |  | — |  |  | (203 | ) |  | — |  |  | 213 |
Revenue | 5,485 |  |  | 526 |  |  | — |  |  | (1,937 | ) |  | — |  |  | 4,074 |
Operating profit (loss) | 995 |  |  | 40 |  |  | (47 | ) |  | (488 | ) |  | 154 |  |  | 655 |
Add back: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization | 1,133 |  |  | 107 |  |  | 5 |  |  | (416 | ) |  |  |  |  | 830 |
Share of profit in joint ventures in Guatemala and Honduras | — |  |  | — |  |  | — |  |  | — |  |  | (154 | ) |  | (154 | )
Other operating income (expenses), net | (51 | ) |  | (3 | ) |  | (2 | ) |  | (19 | ) |  | — |  |  | (76 | )
EBITDA(ii) | 2,077 |  |  | 143 |  |  | (44 | ) |  | (922 | ) |  | — |  |  | 1,254 |
EBITDA from discontinued operations | — |  |  | 3 |  |  | — |  |  | — |  |  | — |  |  | 3 |
EBITDA incl. discontinued operations | 2,077 |  |  | 146 |  |  | (44 | ) |  | (922 | ) |  | — |  |  | 1,257 |
Capex(iii) | (872 | ) |  | (59 | ) |  | (2 | ) |  | 225 |  |  | — |  |  | (708 | )
Changes in working capital and others(iv) | (42 | ) |  | 28 |  |  | 13 |  |  | (12 | ) |  | — |  |  | (13 | )
Taxes paid | (264 | ) |  | (24 | ) |  | (6 | ) |  | 142 |  |  | — |  |  | (153 | )
Operating Free Cash Flow(v) | 899 |  |  | 91 |  |  | (39 | ) |  | (568 | ) |  | — |  |  | 383 |
Total Assets(vi) | 11,754 |  |  | 839 |  |  | 2,752 |  |  | (5,219 | ) |  | 190 |  |  | 10,316 |
Total Liabilities | 6,132 |  |  | 905 |  |  | 2,953 |  |  | (1,814 | ) |  | (650 | ) |  | 7,526 |
| Latin America |  | Africa (vii) |  | Unallocated |  | Guatemala and Honduras(vii) |  | Eliminations and Transfers |  | Total
| (US$ millions)
Year ended December 31, 2017 (viii) |  |  |  |  |  |  |  |  |  |  |
Mobile revenue | 3,283 |  |  | 509 |  |  | — |  |  | (1,510 | ) |  | — |  |  | 2,281 |
Cable and other fixed services revenue | 1,755 |  |  | 12 |  |  | — |  |  | (213 | ) |  | — |  |  | 1,553 |
Other revenue | 40 |  |  | 5 |  |  | — |  |  | (4 | ) |  | — |  |  | 41 |
Service revenue (i) | 5,078 |  |  | 524 |  |  | — |  |  | (1,727 | ) |  | — |  |  | 3,876 |
Telephone and equipment and other revenue | 363 |  |  | 2 |  |  | — |  |  | (165 | ) |  | — |  |  | 200 |
Revenue | 5,441 |  |  | 526 |  |  | — |  |  | (1,892 | ) |  | — |  |  | 4,076 |
Operating profit (loss) | 899 |  |  | 41 |  |  | (5 | ) |  | (431 | ) |  | 140 |  |  | 645 |
Add back: |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization | 1,174 |  |  | 110 |  |  | 6 |  |  | (450 | ) |  | — |  |  | 841 |
Share of profit in joint ventures in Guatemala and Honduras | — |  |  | — |  |  | — |  |  | — |  |  | (140 | ) |  | (140 | )
Other operating income (expenses), net | (49 | ) |  | (11 | ) |  | 10 |  |  | (18 | ) |  | — |  |  | (68 | )
EBITDA(ii) | 2,024 |  |  | 140 |  |  | 11 |  |  | (899 | ) |  | — |  |  | 1,278 |
EBITDA from discontinued operations | — |  |  | 73 |  |  | — |  |  | — |  |  | — |  |  | 73 |
EBITDA incl. discontinued operations | 2,024 |  |  | 213 |  |  | 11 |  |  | (899 | ) |  | — |  |  | 1,351 |
Capex(iii) | (855 | ) |  | (99 | ) |  | (1 | ) |  | 237 |  |  | — |  |  | (718 | )
Changes in working capital and others(iv) | (53 | ) |  | (6 | ) |  | (10 | ) |  | 27 |  |  | — |  |  | (42 | )
Taxes paid | (239 | ) |  | (18 | ) |  | 1 |  |  | 124 |  |  | — |  |  | (132 | )
Operating Free Cash Flow(v) | 877 |  |  | 90 |  |  | 1 |  |  | (511 | ) |  | — |  |  | 459 |
Total Assets(vi) | 10,411 |  |  | 1,482 |  |  | 598 |  |  | (5,420 | ) |  | 2,393 |  |  | 9,464 |
Total liabilities | 5,484 |  |  | 1,673 |  |  | 1,465 |  |  | (1,961 | ) |  | (478 | ) |  | 6,183 |
| Latin America |  | Africa |  | Unallocated |  | Guatemala and Honduras(vii) |  | Eliminations and Transfers |  | Total
| (US$ millions)
Year ended December 31, 2016 (viii) |  |  |  |  |  |  |  |  |  |  |
Mobile revenue | 3,318 |  |  | 541 |  |  | — |  |  | (1,514 | ) |  | — |  |  | 2,343 |
Cable and other fixed services revenue | 1,611 |  |  | 15 |  |  | — |  |  | (191 | ) |  | — |  |  | 1,437 |
Other revenue | 37 |  |  | 6 |  |  | — |  |  | (4 | ) |  | — |  |  | 39 |
Service revenue (i) | 4,966 |  |  | 562 |  |  | — |  |  | (1,709 | ) |  | — |  |  | 3,820 |
Telephone and equipment and other revenue | 386 |  |  | 2 |  |  | — |  |  | (165 | ) |  | — |  |  | 223 |
Revenue | 5,352 |  |  | 565 |  |  | — |  |  | (1,875 | ) |  | — |  |  | 4,043 |
Operating profit (loss) | 721 |  |  | 43 |  |  | 4 |  |  | (394 | ) |  | (115 | ) |  | 490 |
Add back: |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization | 1,173 |  |  | 113 |  |  | 7 |  |  | (441 | ) |  | — |  |  | 853 |
Share of profit in joint ventures in Guatemala and Honduras | — |  |  | — |  |  | — |  |  | — |  |  | (115 | ) |  | (115 | )
Other operating income (expenses), net | 42 |  |  | 2 |  |  | (6 | ) |  | (24 | ) |  | — |  |  | 14 |
EBITDA(ii) | 1,935 |  |  | 158 |  |  | 5 |  |  | (859 | ) |  | — |  |  | 1,241 |
EBITDA from discontinued operations | — |  |  | 77 |  |  | — |  |  | — |  |  | — |  |  | 77 |
EBITDA incl. discontinued operations | 1,935 |  |  | 235 |  |  | 5 |  |  | (859 | ) |  | — |  |  | 1,319 |
Capex(iii) | (886 | ) |  | (161 | ) |  | (6 | ) |  | 242 |  |  | — |  |  | (811 | )
Changes in working capital and others(iv) | 37 |  |  | (2 | ) |  | (33 | ) |  | 24 |  |  | — |  |  | 26 |
Taxes paid | (233 | ) |  | (33 | ) |  | (9 | ) |  | 145 |  |  | — |  |  | (130 | )
Operating Free Cash Flow(v) | 853 |  |  | 39 |  |  | (43 | ) |  | (448 | ) |  | — |  |  | 404 |
Total Assets(vi) | 10,386 |  |  | 1,406 |  |  | 1,357 |  |  | (5,589 | ) |  | 2,067 |  |  | 9,627 |
Total liabilities | 5,229 |  |  | 1,852 |  |  | 1,997 |  |  | (1,942 | ) |  | (877 | ) |  | 6,258 |
(i) | Service revenue is Group revenue related to the provision of ongoing services such as monthly subscription fees, airtime and data usage fees, interconnection fees, roaming fees, mobile finance service commissions and fees from other telecommunications services such as data services, SMS and other value-added services excluding telephone and equipment sales. Revenues from other sources comprises rental, sub-lease rental income and other non recurrent revenues. The Group derives revenue from the transfer of goods and services over time and at a point in time. Refer to the table below.
(ii) | EBITDA is operating profit excluding impairment losses, depreciation and amortization and gains/losses on the disposal of fixed assets. EBITDA is used by the management to monitor the segmental performance and for capital management.
(iii) Cash spent for capex excluding spectrum and licenses of $61 million (2017: $53 million; 2016: $39 million) and cash received on tower deals of $141 million (2017: $167 million; 2016: nil).
(iv) | Changes in working capital and others include changes in working capital as stated in the cash flow statement, as well as share-based payments expense and non-cash bonuses.
(v) | Operating Free Cash Flow is EBITDA less capex (excluding spectrum and license costs) less change in working capital, other non-cash items (share-based payment expense and non-cash bonuses) and taxes paid.
(vi) | Segment assets include goodwill and other intangible assets.
(vii) | Including eliminations for Guatemala and Honduras as reported in the Latam segment.
(viii) | Restated as a result of classification of certain of our African operations as discontinued operations (see notes A.4. and E.3.).
Disclosure of number of permanent employees | Number of permanent employees
| 2018 |  | 2017 |  | 2016
Continuing operations(i) | 16,987 |  |  | 14,404 |  | 13,211
Joint ventures (Guatemala, Honduras and Ghana – for 2018 and 2017) | 4,416 |  |  | 4,326 |  | 4,023
Discontinued operations | — |  |  | 397 |  | 751
Total | 21,403 |  |  | 19,127 |  | 17,985
(i) | Emtelco headcount are excluded from this report and any internal reporting because their costs are classified as direct costs and not employee related costs.
Disclosure of employee related costs |
| Notes |  | 2018 |  | 2017 |  | 2016
|  |  | (US$ millions) |  |
Wages and salaries |  |  | (356 | ) |  | (320 | ) |  | (290 | )
Social security |  |  | (61 | ) |  | (57 | ) |  | (67 | )
Share based compensation | B.4.1. |  | (21 | ) |  | (22 | ) |  | (14 | )
Pension and other long-term benefit costs | B.4.2. |  | (7 | ) |  | (8 | ) |  | (6 | )
Other employee related costs |  |  | (70 | ) |  | (45 | ) |  | (74 | )
Total |  |  | (514 | ) |  | (451 | ) |  | (451 | )
Disclosure of cost of share-based compensation | Cost of share based compensation
| 2018 |  | 2017 |  | 2016
| (US$ millions) |  |
2014 incentive plans | — |  |  | — |  |  | (1 | )
2015 incentive plans | — |  |  | (3 | ) |  | (3 | )
2016 incentive plans | (4 | ) |  | (6 | ) |  | (10 | )
2017 incentive plans | (8 | ) |  | (12 | ) |  | — |
2018 incentive plans | (11 | ) |  | — |  |  | — |
Total share-based compensation | (21 | ) |  | (22 | ) |  | (14 | )
Disclosure of assumptions and fair value of the shares under the TSR portion | Assumptions and fair value of the shares under the TSR portion
|  | Risk-free rate % |  | Dividend yield % |  | Share price volatility(i) % |  | Award term (years) |  | Share fair value (in US$)
Performance share plan 2018 (Relative TSR) |  | (0.39 | ) |  | 3.21 |  | 30.27 |  | 2.93 |  | 57.70 |
Performance share plan 2017 (Relative TSR) |  | (0.40 | ) |  | 3.80 |  | 22.50 |  | 2.92 |  | 27.06 |
Performance share plan 2017 (Absolute TSR) |  | (0.40 | ) |  | 3.80 |  | 22.50 |  | 2.92 |  | 29.16 |
Performance share plan 2016 (Relative TSR) |  | (0.65 | ) |  | 3.49 |  | 30.00 |  | 2.61 |  | 43.35 |
Performance share plan 2016 (Absolute TSR) |  | (0.65 | ) |  | 3.49 |  | 30.00 |  | 2.61 |  | 45.94 |
Performance share plan 2015 (Absolute TSR) |  | (0.32 | ) |  | 2.78 |  | 23.00 |  | 2.57 |  | 32.87 |
Executive share plan 2015 – Component A |  | (0.32 | ) |  | N/A |  | 23.00 |  | 2.57 |  | 53.74 |
Executive share plan 2015 – Component B |  | (0.32 | ) |  | N/A |  | 23.00 |  | 2.57 |  | 29.53 |
(i) | Historical volatility retained was determined on the basis of a three-year historic average.
Disclosure of plan awards and shares expected to vest | Plan awards and shares expected to vest
| 2018 plans |  | 2017 plans |  | 2016 plans |  | 2015 plans
| Performance plan |  | Deferred plan |  | Performance plan |  | Deferred plan |  | Performance plan |  | Deferred plan |  | Performance plan |  | Executive plan |  | CEO plan |  | Deferred plan
|  |  |  |  | (number of shares)
Initial shares granted | 237,196 |  |  | 262,317 |  |  | 279,807 |  |  | 438,505 |  |  | 200,617 |  |  | 287,316 |  |  | 98,137 |  |  | 40,664 |  |  | 77,344 |  |  | 237,620 |
Additional shares granted(i) | — |  |  | 3,290 |  |  | 2,868 |  |  | 29,406 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,537 |  |  | — |
Revision for forfeitures | (13,531 | ) |  | (18,086 | ) |  | (34,556 | ) |  | (74,325 | ) |  | (49,164 | ) |  | (77,924 | ) |  | (37,452 | ) |  | — |  |  | — |  |  | (68,121 | )
Revision for cancellations | (4,728 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total before issuances | 218,927 |  |  | 247,521 |  |  | 248,119 |  |  | 393,586 |  |  | 151,453 |  |  | 209,392 |  |  | 60,685 |  |  | 40,664 |  |  | 80,881 |  |  | 169,499 |
Shares issued in 2016 | — |  |  | — |  |  | — |  |  | — |  |  | (1,214 | ) |  | (1,733 | ) |  | (771 | ) |  | — |  |  | (25,781 | ) |  | (38,745 | )
Shares issued in 2017 | — |  |  | — |  |  | — |  |  | (2,686 | ) |  | (752 | ) |  | (43,579 | ) |  | (357 | ) |  | — |  |  | (28,139 | ) |  | (30,124 | )
Shares issued in 2018 | (97 | ) |  | (18,747 | ) |  | (2,724 | ) |  | (99,399 | ) |  | (2,050 | ) |  | (46,039 | ) |  | (27,619 | ) |  | (19,022 | ) |  | (26,961 | ) |  | (100,630 | )
Performance conditions | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (31,938 | ) |  | (21,642 | ) |  | — |  |  | — |
Shares still expected to vest | 218,830 |  |  | 228,774 |  |  | 245,395 |  |  | 291,501 |  |  | 147,437 |  |  | 118,041 |  |  | — |  |  | — |  |  | — |  |  | — |
Estimated cost over the vesting period (US$ millions) | 12 |  |  | 14 |  |  | 9 |  |  | 20 |  |  | 8 |  |  | 12 |  |  | 4 |  |  | 2 |  |  | 6 |  |  | 12 |
(i) | Additional shares granted represent grants made for new joiners and/or as per CEO contractual arrangements.
Disclosure of directors renumeration charge | Remuneration charge for the Board (gross of withholding tax)
| 2018 |  | 2017 |  | 2016
| (US$ ’000)
Chairperson | 169 |  |  | 233 |  |  | 243 |
Other members of the Board | 774 |  |  | 889 |  |  | 900 |
Total (i) | 943 |  |  | 1,122 |  |  | 1,143 |
(i) | Cash compensation converted from SEK to USD at exchange rates on payment dates each year. Share based compensation based on the market value of Millicom shares on the corresponding AGM date (2018: in total 6,591 shares; 2017: in total 8,731 shares; 2016: in total 8,002 shares). Net remuneration comprised 51% in shares and 49% in cash (SEK) (2017: 52% in shares and 48% in cash; 2016: 50% in shares and 50% in cash).
Disclosure of shares beneficially owned by directors | Shares beneficially owned by the Directors
| 2018 |  | 2017
| (number of shares)
Chairperson | 8,554 |  |  | 7,000 |
Other members of the Board | 15,333 |  |  | 20,067 |
Total | 23,887 |  |  | 27,067 |
Disclosure of executive team renumeration charge | Remuneration charge for the Executive Team
| CEO |  | CFO |  | Executive Team (9 members)(iii)
| (US$ ’000)
2018 |  |  |  |  |
Base salary | 1,112 |  |  | 673 |  |  | 3,930 |
Bonus | 1,492 |  |  | 557 |  |  | 2,445 |
Pension | 247 |  |  | 101 |  |  | 962 |
Other benefits | 66 |  |  | 63 |  |  | 805 |
Termination benefits | — |  |  | — |  |  | 301 |
Total before share based compensation | 2,918 |  |  | 1,393 |  |  | 8,444 |
Share based compensation(i)(ii) in respect of 2018 LTIP | 5,027 |  |  | 1,567 |  |  | 4,957 |
Total | 7,945 |  |  | 2,960 |  |  | 13,401 |
Remuneration charge for the Executive Team
| CEO |  | CFO |  | Executive Team (9 members)
| (US$ ’000)
2017 |  |  |  |  |
Base salary | 1,000 |  |  | 648 |  |  | 3,822 |
Bonus | 707 |  |  | 455 |  |  | 1,590 |
Pension | 150 |  |  | 97 |  |  | 629 |
Other benefits | 64 |  |  | 15 |  |  | 1,193 |
Total before share based compensation | 1,921 |  |  | 1,215 |  |  | 7,233 |
Share based compensation(i)(ii) in respect of 2017 LTIP | 2,783 |  |  | 1,492 |  |  | 5,202 |
Total | 4,704 |  |  | 2,707 |  |  | 12,435 |
Remuneration charge for the Executive team
| CEO |  | CFO |  | Executive team (9 members)
| (US$ ’000)
2016 |  |  |  |  |
Base salary | 1,000 |  |  | 599 |  |  | 3,797 |
Bonus | 660 |  |  | 450 |  |  | 1,411 |
Pension | 150 |  |  | 82 |  |  | 513 |
Other benefits | 48 |  |  | 18 |  |  | 720 |
Total before share based compensation | 1,858 |  |  | 1,149 |  |  | 6,441 |
Share based compensation(i)(ii) in respect of 2016 LTIP | 2,660 |  |  | 1,481 |  |  | 4,031 |
Total | 4,518 |  |  | 2,630 |  |  | 10,472 |
(i) | See note B.4.1.
(ii) | Share awards of 80,264 and 112,472 were granted in 2018 under the 2018 LTIPs to the CEO, and Executive Team (2017: 61,724 and 167,371, respectively; 2016: 49,171 and 104,573, respectively).
(iii) | Other Executives’ compensation includes Daniel Loria, former CHRO and Rodrigo Diehl, EVP Strategy.
Disclosure of other non-operating (expenses) income, net | Non-operating items mainly comprise changes in fair value of derivatives and the impact of foreign exchange fluctuations on the results of the Group.
| Year ended December 31,
| 2018 |  | 2017 |  | 2016
| (US$ millions) |  |
Change in fair value of derivatives (see note D.1.2.) | (1 | ) |  | (22 | ) |  | 3 |
Exchange gain (loss), net | (41 | ) |  | 18 |  |  | 25 |
Other non-operating income (expenses), net | 2 |  |  | 0 |  |  | (9 | )
Total | (40 | ) |  | (4 | ) |  | 20 |
Disclosure of income tax charge | Income tax charge
| 2018 |  | 2017 |  | 2016
| (US$ millions)
Income tax (charge) credit |  |  |  |  |
Withholding tax | (64 | ) |  | (74 | ) |  | (44 | )
Other income tax relating to the current year | (86 | ) |  | (85 | ) |  | (74 | )
| (150 | ) |  | (159 | ) |  | (118 | )
Adjustments in respect of prior years | 1 |  |  | (12 | ) |  | (26 | )
| (149 | ) |  | (171 | ) |  | (144 | )
Deferred tax (charge) credit |  |  |  |  |
Origination and reversal of temporary differences | 32 |  |  | 15 |  |  | 45 |
Effect of change in tax rates | (10 | ) |  | 19 |  |  | 1 |
Tax income (expense) before valuation allowances | 22 |  |  | 34 |  |  | 46 |
Effect of valuation allowances | (8 | ) |  | (30 | ) |  | (88 | )
| 14 |  |  | 4 |  |  | (42 | )
Adjustments in respect of prior years | 19 |  |  | 9 |  |  | 7 |
| 33 |  |  | 13 |  |  | (35 | )
Tax (charge) credit on continuing operations | (116 | ) |  | (158 | ) |  | (179 | )
Tax (charge) credit on discontinuing operations | — |  |  | — |  |  | 6 |
Total tax (charge) credit | (116 | ) |  | (158 | ) |  | (173 | )
Disclosure of income tax calculation | Income tax calculation
| 2018 |  | 2017 |  | 2016
| Continuing operations |  | Discontinued operations |  | Total |  | Continuing operations |  | Discontinued operations |  | Total |  | Continuing operations |  | Discontinued operations |  | Total
| (US $ millions)
Profit before tax | 129 |  |  | (39 | ) |  | 90 |  |  | 176 |  |  | 51 |  |  | 227 |  |  | 109 |  |  | (26 | ) |  | 83 |
Tax at the weighted average statutory rate | (5 | ) |  | 4 |  |  | (1 | ) |  | (12 | ) |  | (10 | ) |  | (22 | ) |  | 9 |  |  | 6 |  |  | 15 |
Effect of: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Items taxed at a different rate | 7 |  |  | — |  |  | 7 |  |  | (11 | ) |  | 0 |  |  | (11 | ) |  | 13 |  |  | 0 |  |  | 13 |
Change in tax rates on deferred tax balances | (10 | ) |  | — |  |  | (10 | ) |  | 19 |  |  | 0 |  |  | 19 |  |  | 1 |  |  | 0 |  |  | 1 |
Expenditure not deductible and income not taxable | (59 | ) |  | (2 | ) |  | (61 | ) |  | (66 | ) |  | 7 |  |  | (59 | ) |  | (65 | ) |  | 8 |  |  | (57 | )
Unrelieved withholding tax | (64 | ) |  | — |  |  | (64 | ) |  | (73 | ) |  | 0 |  |  | (73 | ) |  | (43 | ) |  | 0 |  |  | (43 | )
Accounting for associates and joint ventures | 5 |  |  | — |  |  | 5 |  |  | 17 |  |  | 0 |  |  | 17 |  |  | 29 |  |  | 0 |  |  | 29 |
Movement in deferred tax on unremitted earnings | (2 | ) |  | — |  |  | (2 | ) |  | 1 |  |  | 0 |  |  | 1 |  |  | (16 | ) |  | 0 |  |  | (16 | )
Unrecognized deferred tax assets | (8 | ) |  | (2 | ) |  | (10 | ) |  | (31 | ) |  | (10 | ) |  | (41 | ) |  | (105 | ) |  | (15 | ) |  | (120 | )
Recognition of previously unrecognized deferred tax assets | — |  |  | — |  |  | — |  |  | 1 |  |  | 13 |  |  | 14 |  |  | 17 |  |  | 0 |  |  | 17 |
Adjustments in respect of prior years | 20 |  |  | — |  |  | 20 |  |  | (3 | ) |  | 0 |  |  | (3 | ) |  | (19 | ) |  | 7 |  |  | (12 | )
Total tax (charge) credit | (116 | ) |  | — |  |  | (116 | ) |  | (158 | ) |  | 0 |  |  | (158 | ) |  | (179 | ) |  | 6 |  |  | (173 | )
Weighted average statutory tax rate | 3.9 | % |  |  |  |  | 1.1 | % |  | 6.82 | % |  |  |  |  | 9.69 | % |  | (8.26 | )% |  |  |  |  | (17.90 | )%
Effective tax rate | 89.9 | % |  |  |  |  | 128.9 | % |  | 89.77 | % |  |  |  |  | 69.60 | % |  | 164.22 | % |  |  |  |  | 207.10 | %
Disclosure of deferred taxes and deductible temporary differences | Deferred tax
| Fixed assets |  | Unused tax losses |  | Unremitted earnings |  | Other |  | Offset |  | Total
| (US$ millions)
Balance at December 31, 2016 | (23 | ) |  | 113 |  |  | (32 | ) |  | 51 |  |  | — |  |  | 109 |
(Charge)/credit to statement of income | 53 |  |  | (61 | ) |  | 1 |  |  | 20 |  |  | — |  |  | 13 |
Exchange differences | 2 |  |  | — |  |  | (1 | ) |  | 1 |  |  | — |  |  | 2 |
Balance at December 31, 2017 | 32 |  |  | 52 |  |  | (32 | ) |  | 72 |  |  | — |  |  | 124 |
Deferred tax assets | 88 |  |  | 52 |  |  | — |  |  | 79 |  |  | (39 | ) |  | 180 |
Deferred tax liabilities | (56 | ) |  | — |  |  | (32 | ) |  | (7 | ) |  | 39 |  |  | (56 | )
Balance at December 31, 2017 | 32 |  |  | 52 |  |  | (32 | ) |  | 72 |  |  | — |  |  | 124 |
(Charge)/credit to statement of income | (18 | ) |  | (3 | ) |  | (2 | ) |  | 56 |  |  | — |  |  | 33 |
Change in scope | (190 | ) |  | — |  |  | — |  |  | 9 |  |  | — |  |  | (181 | )
Accounting policy changes | — |  |  | — |  |  | — |  |  | 4 |  |  | — |  |  | 4 |
Exchange differences | — |  |  | (5 | ) |  | — |  |  | (6 | ) |  | — |  |  | (11 | )
Balance at December 31, 2018 | (176 | ) |  | 44 |  |  | (34 | ) |  | 135 |  |  | — |  |  | (31 | )
Deferred tax assets | 76 |  |  | 44 |  |  | — |  |  | 134 |  |  | (52 | ) |  | 202 |
Deferred tax liabilities | (252 | ) |  | — |  |  | (34 | ) |  | 1 |  |  | 52 |  |  | (233 | )
Balance at December 31, 2018 | (176 | ) |  | 44 |  |  | (34 | ) |  | 135 |  |  | — |  |  | (31 | )
Deferred tax assets have not been recognized in respect of the following deductible temporary differences: Deductible temporary differences
| Fixed assets |  | Unused tax losses |  | Other |  | Total
| (US$ millions)
At December 31, 2018 | 92 |  |  | 4,886 |  |  | 134 |  |  | 5,112 |
At December 31, 2017 | 68 |  |  | 4,844 |  |  | 162 |  |  | 5,074 |
Disclosure of unrecognized loss carryforwards | Unrecognized loss carryforwards expire as follows: Unrecognized tax losses related to continuing operations
| 2018 |  | 2017 |  | 2016
| (US$ millions)
Expiry: |  |  |  |  |
Within one year | — |  |  | 39 |  |  | 27 |
Within one to five years | 3 |  |  | 494 |  |  | 493 |
After five years | 493 |  |  | — |  |  | — |
No expiry | 4,390 |  |  | 4,311 |  |  | 3,981 |
Total | 4,886 |  |  | 4,844 |  |  | 4,501 |
Disclosure of earnings per share | Net profit/(loss) used in the earnings (loss) per share computation
| 2018 |  | 2017 |  | 2016
| (US$ millions)
Basic and diluted: |  |  |  |  |
Net profit/(loss) attributable to equity holders from continuing operations | 29 |  |  | 36 |  |  | (12 | )
Net profit/(loss) attributable to equity holders from discontinued operations | (39 | ) |  | 51 |  |  | (20 | )
Net profit/(loss) attributable to all equity holders to determine the basic earnings (loss) per share | (10 | ) |  | 86 |  |  | (32 | )
Weighted average number of shares in the earnings (loss) per share computation
| 2018 |  | 2017 |  | 2016
| (thousands of shares)
Weighted average number of ordinary shares (excluding treasury shares) for basic earnings (loss) per share | 100,793 |  |  | 100,384 |  |  | 100,337 |
Potential incremental shares as a result of share options | — |  |  | — |  |  | — |
Weighted average number of ordinary shares (excluding treasury shares) adjusted for the effect of dilution | 100,793 |  |  | 100,384 |  |  | 100,337 |
Disclosure of vested and unvested share awards beneficially granted to the Executive team | hare ownership and unvested share awards granted from Company equity plans to the Executive team
| CEO |  | Executive team |  | Total
| (number of shares)
2018 |  |  |  |  |
Share ownership (vested from equity plans and otherwise acquired) | 122,310 |  |  | 84,782 |  |  | 207,092 |
Share awards not vested | 172,485 |  |  | 339,726 |  |  | 512,211 |
2017 |  |  |  |  |
Share ownership (vested from equity plans and otherwise acquired) | 80,159 |  |  | 55,888 |  |  | 136,047 |
Share awards not vested | 148,324 |  |  | 299,067 |  |  | 447,391 |

X
- References No definition available. + Details
Name: | ifrs-full_AnalysisOfIncomeAndExpenseAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the disaggregation of revenue from contracts with customers. [Refer: Revenue from contracts with customers] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 15 -IssueDate 2018-01-01 -Paragraph 114 -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=15&date=2018-03-01&anchor=para_114&doctype=Standard -URIDate 2018-03-16 + Details
Name: | ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of information about indirect, by reference to the fair value of the equity instruments granted, measurement of the fair value of goods or services received as consideration for the entity's other equity instruments (ie other than share options). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2018-01-01 -Paragraph 47 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=2&date=2018-03-01&anchor=para_47_b&doctype=Standard -URIDate 2018-03-16 + Details
Name: | ifrs-full_DisclosureOfIndirectMeasurementOfFairValueOfGoodsOrServicesReceivedOtherEquityInstrumentsGrantedDuringPeriodExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the number and weighted average exercise prices of other equity instruments (ie other than share options). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IFRS -Number 2 -IssueDate 2018-01-01 -Paragraph 45 -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=2&date=2018-03-01&anchor=para_45&doctype=Standard -URIDate 2018-03-16 + Details
Name: | ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of operating segments. [Refer: Operating segments [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2018-01-01 -Paragraph 23 -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=8&date=2018-03-01&anchor=para_23&doctype=Standard -URIDate 2018-03-16 + Details
Name: | ifrs-full_DisclosureOfOperatingSegmentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of types of temporary differences, unused tax losses and unused tax credits. [Refer: Unused tax credits [member]; Unused tax losses [member]; Temporary differences [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 12 -IssueDate 2018-01-01 -Paragraph 81 -Subparagraph g -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=12&date=2018-03-01&anchor=para_81_g&doctype=Standard -URIDate 2018-03-16 + Details
Name: | ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 33 -IssueDate 2018-01-01 -Paragraph 66 -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=33&date=2018-03-01&anchor=para_66&doctype=Standard -URIDate 2018-03-16 + Details
Name: | ifrs-full_EarningsPerShareExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The explanation that enables users of financial statements to understand the effect of share-based payment transactions on the entity's profit (loss). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2018-01-01 -Paragraph 50 -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=2&date=2018-03-01&anchor=para_50&doctype=Standard -URIDate 2018-03-16 + Details
Name: | ifrs-full_ExplanationOfEffectOfSharebasedPaymentsOnProfitOrLoss
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure Of Cost Of Sales Explanatory [Table Text Block] + References No definition available. + Details
Name: | tigo_DisclosureOfCostOfSalesExplanatoryTableTextBlock
Namespace Prefix: | tigo_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure Of Directors Renumeration Charge Explanatory [Table Text Block] + References No definition available. + Details
Name: | tigo_DisclosureOfDirectorsRenumerationChargeExplanatoryTableTextBlock
Namespace Prefix: | tigo_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure Of Employee Related Costs Explanatory [Table Text Block] + References No definition available. + Details
Name: | tigo_DisclosureOfEmployeeRelatedCostsExplanatoryTableTextBlock
Namespace Prefix: | tigo_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure Of Executive Team Renumeration Charge Explanatory [Table Text Block] + References No definition available. + Details
Name: | tigo_DisclosureOfExecutiveTeamRenumerationChargeExplanatoryTableTextBlock
Namespace Prefix: | tigo_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure Of Major Components Of Tax Expense (Income) [Table Text Block] + References No definition available. + Details
Name: | tigo_DisclosureOfMajorComponentsOfTaxExpenseIncomeTableTextBlock
Namespace Prefix: | tigo_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure Of Number Of Employees Explanatory [Table Text Block] + References No definition available. + Details
Name: | tigo_DisclosureOfNumberOfEmployeesExplanatoryTableTextBlock
Namespace Prefix: | tigo_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure Of Operating Expenses Explanatory [Table Text Block] + References No definition available. + Details
Name: | tigo_DisclosureOfOperatingExpensesExplanatoryTableTextBlock
Namespace Prefix: | tigo_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure Of Other Non-Operating Income (Expense), Net [Table Text Block] + References No definition available. + Details
Name: | tigo_DisclosureOfOtherNonOperatingIncomeExpenseNetTableTextBlock
Namespace Prefix: | tigo_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure Of Other Operating Income (Expense) Explanatory [Table Text Block] + References No definition available. + Details
Name: | tigo_DisclosureOfOtherOperatingIncomeExpenseExplanatoryTableTextBlock
Namespace Prefix: | tigo_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure Of Reconciliation Of Accounting Profit Multiplied By Applicable Tax Rates And Average Effective Tax Rate [Table Text Block] + References No definition available. + Details
Name: | tigo_DisclosureOfReconciliationOfAccountingProfitMultipliedByApplicableTaxRatesAndAverageEffectiveTaxRateTableTextBlock
Namespace Prefix: | tigo_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure Of Shares Beneficially Owned By Directors Explanatory [Table Text Block] + References No definition available. + Details
Name: | tigo_DisclosureOfSharesBeneficiallyOwnedByDirectorsExplanatoryTableTextBlock
Namespace Prefix: | tigo_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure Of Unrecognized Loss Carryforwards [Table Text Block] + References No definition available. + Details
Name: | tigo_DisclosureOfUnrecognizedLossCarryforwardsTableTextBlock
Namespace Prefix: | tigo_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure Of Vested And Unvested Share Awards Beneficially Granted To The Executive Team Explanatory [Table Text Block] + References No definition available. + Details
Name: | tigo_DisclosureOfVestedAndUnvestedShareAwardsBeneficiallyGrantedToTheExecutiveTeamExplanatoryTableTextBlock
Namespace Prefix: | tigo_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration