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SIGNIFICANT TRANSACTIONS (Tables) | 12 Months Ended
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Dec. 31, 2017
Significant Transactions |
Schedule of key assumptions used in the discounted cash flow model |
Key assumptions |  | November 5, 2016 |
Discount rate (functional currency) |  |  | 6.9 | %
Average annual revenue growth rate during forecast period (functional currency) |  |  | (2.3 | )%
Terminal growth rate |  |  | 0.5 | %
Average operating (EBITDA) margin during forecast period |  |  | 35.7 | %
Average capital expenditure as a percentage of revenue |  |  | 21.0 | %
Schedule of effect of the disposal of Italy for the current year |
|  | Note |  | 2016 |
Fair value of investment in joint venture |  | 14 |  |  | 2,113 |
Cash consideration receivable* |  |  |  |  | 28 |
​ | ​ | ​ | ​ | ​ | ​ | ​
Total consideration on disposal |  |  |  |  | 2,141 |
De-recognition of assets classified as held for sale |  |  |  |  | (15,974 | )
De-recognition of liabilities classified as held for sale |  |  |  |  | 15,414 |
Release of cumulative other comprehensive income related to Italy |  |  |  |  | 207 |
​ | ​ | ​ | ​ | ​ | ​ | ​
Gain on disposal of discontinued operations, net of tax |  |  |  |  | 1,788 |
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
* Cash consideration receivable relates to a Final Adjustment payable by HET to the Company based on contributed Working Capital and Net Cash.
Schedule of financial information related to the discontinued operation |
|  | 2016 |  | 2015 |
Total operating revenues |  |  | 4,135 |  |  | 4,913 |
Total operating expenses |  |  | (2,556 | ) |  | (3,765 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating profit |  |  | 1,579 |  |  | 1,148 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other (expenses) / income |  |  | (217 | ) |  | (722 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Profit / (loss) before tax |  |  | 1,362 |  |  | 426 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income tax (expense) / benefit |  |  | (442 | ) |  | (164 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Profit / (loss) after tax for the period from discontinued operations |  |  | 920 |  |  | 262 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Schedule of fair values of the identifiable assets and liabilities of Warid |
|  | 2016 |
Non-current assets |  |  |  |
Property and equipment |  |  | 199 |
Intangible assets |  |  | 201 |
Deferred tax assets |  |  | 308 |
Other financial assets |  |  | 2 |
Current assets |  |  |  |
Inventories |  |  | 1 |
Trade and other receivables |  |  | 26 |
Other non-financial assets |  |  | 23 |
Current income tax assets |  |  | 17 |
Cash and cash equivalents |  |  | 7 |
Non-current liabilities |  |  |  |
Financial liabilities |  |  | (402 | )
Provisions |  |  | (6 | )
Other non-financial liabilities |  |  | (15 | )
Current liabilities |  |  |  |
Trade and other payables |  |  | (113 | )
Other non-financial liabilities |  |  | (83 | )
Other financial liabilities |  |  | (45 | )
​ | ​ | ​ | ​ | ​
Total identifiable net assets at fair value |  |  | 120 |
Purchase consideration |  |  | 321 |
​ | ​ | ​ | ​ | ​
Goodwill resulting from the acquisition |  |  | 201 |
​ | ​ | ​ | ​ | ​
Purchase consideration |  |  |  |
Share issued by PMCL |  |  | 274 |
Contingent consideration liability |  |  | 47 |
​ | ​ | ​ | ​ | ​
Total purchase consideration |  |  | 321 |
​ | ​ | ​ | ​ | ​
Analysis of cash flows on acquisition |  |  |  |
Net cash acquired with the subsidiary (included in cash flows from investing activities) |  |  | 7 |
​ | ​ | ​ | ​ | ​
Net cash flow on acquisition |  |  | 7 |
​ | ​ | ​ | ​ | ​
Towers in Pakistan classified as held-for-sale |
Significant Transactions |
Schedule of assets and liabilities classified as held for sale as of balance sheet date |
|  | 2017 |
Property and equipment |  |  | 177 |
Goodwill |  |  | 224 |
Deferred tax assets |  |  | 64 |
Other non-current assets |  |  | 2 |
Other current assets |  |  | 44 |
​ | ​ | ​ | ​ | ​
Total assets held for sale |  |  | 511 |
​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​
Non-current liabilities |  |  | (7 | )
Current liabilities |  |  | (28 | )
​ | ​ | ​ | ​ | ​
Total liabilities held for sale |  |  | (35 | )
​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​
Laos operations classified as held for sale |
Significant Transactions |
Schedule of assets and liabilities classified as held for sale as of balance sheet date |
|  | 2017 |
Property and equipment |  |  | 15 |
Intangible assets |  |  | 2 |
Current assets |  |  | 5 |
​ | ​ | ​ | ​ | ​
Total assets held for sale |  |  | 22 |
​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​
Non-current liabilities |  |  | (5 | )
Current liabilities |  |  | (10 | )
​ | ​ | ​ | ​ | ​
Total liabilities held for sale |  |  | (15 | )
​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​

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