Integrated Annual Report 2021
Con-neCting you to what matters most
ConneCting you to what matters most
2021 continued to be an extraordinary year as society stayed vigilant and resilient a year after the Covid-19 pandemic emerged.
To learn more about our Integrated Annual Report 2021, visitwww.digi.com.my/ annualreport/index.html
Malaysians persevered as we adapted to changing situations brought on by various safety restrictions imposed by the authorities to curb the spread of the virus. Digital connectivity became even more crucial as lives and livelihoods shifted online and people continued to be physically apart.
The cover highlights how digital connectivity has supported the communication needs of every segment of the society, bringing people closer together amidst the pandemic. We continue to be inspired by the people we serve, and remain steadfast in our responsibility and purpose to connect people to what matters most.
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inside this report
1 at a glance
2 About This Report
4 About Digi
2 message to shareholders
6 Chair of the Board's Statement
10 Chief Executive Officer's Statement
14 Chief Financial Officer's Statement
21 Quarterly Financial Performance
21 5-Year Financial Summary
3 strategies to Create Value
24 Our Business Model
26 Our Operating
Landscape
30 Our Key Relationships
33 Our Key Risks
38 Our Material Matters
41 Our Emerging
Opportunities
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Our Strategy
4 how we Create Value
50 Financial Capital
54 Manufactured Capital
57 Intellectual Capital
62 Human Capital
67 Natural Capital
73 Social and Relationship
Capital
5 governance
84 Board of Directors' Profiles
90 Management Profiles
94 Corporate Governance
Overview Statement
119 Statement on Risk
Management and
Internal Control
126 Additional Compliance
Information
128 Statement of Responsibility
by Directors
6 audited Financial statements
130 Directors' Report
135 Statement by Directors
135 Statutory Declaration
136 Independent Auditors' Report
140 Statements of Comprehensive Income
141 Statements of Financial Position
143 Statements of Changes in Equity
144 Statements of Cash Flows
147 Notes to the Financial Statements
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other information
218 Independent Assurance Report
221 Corporate Information
222 Corporate Directory
223 List of Properties
225 Disclosure of Recurrent Related Party Transactions
226 Share Price Development
227 Statistics on Shareholdings
228 Statement of Directors and CEO's Shareholdings
229 List of Thirty (30) Largest Shareholders
231 Notice of Annual General Meeting
• Form of Proxy
Digi.Com Berhad
At A Glance
Message To Shareholders
Strategies To Create Value
How We Create Value
about this report
This is Digi.Com Berhad's 3rd Integrated Annual Report (IAR) 2021, prepared in accordance with the principles prescribed by the International Integrated Reporting Council (IIRC). Our IAR aims to provide a balanced and accurate reflection of our strategy, performance, risks and emerging opportunities, as well as prospects of the company.The intent of the report is primarily to address value-creation considerations of long-term investors and provide appropriate
information to all our key stakeholders.
about this report
scope and reporting boundaries
As previously announced in June 2021,Axiata Group Berhad,Telenor Asia Pte Ltd and Digi.Com Berhad (Digi) have successfully concluded the due-diligence exercise and signed the Transaction Agreements for the proposed merger of
Celcom Axiata Berhad (Celcom) and Digi.
However, the report is published on a business-as-usual basis with its reporting scope remains largely the same as last year's report, covering the activities of our wholly owned subsidiary, Digi Telecommunications Sdn. Bhd., which is the core of our business operations.The reporting period comprises our financial and non-financial performance from 1 January 2021 to 31 December 2021, unless stated otherwise.
Governance
Audited Financial StatementsOther Information
assurance
Our audited annual financial statements are disclosed in Section 6. We have also engaged an external auditor to provide a limited assurance for selected non-financial indicators.The independent assurance report can be found on pages 218 to 220 of this report.
Forward-looking statements
This report may contain forward-looking statements with respect to Digi's future performance and prospects, alongside the ongoing proposed merger of Digi and Celcom which will be subject to regulatory approvals, other customary terms and conditions and approvals of all non-interest shareholders.
integrated approach and materiality
We aim to preserve, create and deliver sustainable value for all our stakeholders through our six capitals. Our unique processes are key inputs and we produce value-adding outputs by using an integrated approach. In addition, we have fully embedded integrated thinking in our sustainability management to fully reflect material environmental, social, and governance (ESG) considerations into our short-to-long term business model and strategies.
Our material matters are continuously monitored as they have the potential to substantially affect - both positively and negatively - our ability to create and preserve value. Subsequently, the materiality assessment processes and disclosures are aligned to the Materiality principles of International Framework and Bursa Malaysia Securities Berhad's (Bursa Malaysia) Listing Requirements.
approval by the board
The Board of Directors of Digi is responsible for ensuring the integrity of Digi's IAR 2021 and give full attention to the management's evaluation and effectiveness of disclosure controls and procedures. Such controls will ensure high reliability of financial reporting for external purposes in accordance with the Main Market Listing Requirements of Bursa Malaysia.The report was approved by the Board on 11 March 2022.
reporting suites
We are committed to report openly and honestly to our broad range of stakeholders. To view the full suite, visit our website atwww.digi.com.my/annualreport/index.html
iar
About This Report
integrated annual report (iar) 2021
Our primary report to shareholders, which details the company's developments, financial performance for the year and future orientation to form our holistic value creation story.
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sustainability performance and gri Content index Our Sustainability performance website provides a detailed account of the company's sustainability performances, available online viahttps://www.digi. com.my/sustainability/reporting.html
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Corporate governance report 2021
Our Corporate Governance report details out Digi's corporate governance practices.
reporting Framework & principles
IIRC's Integrated Reporting Framework
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Companies Act 2016
Main Market Listing Requirements of Bursa Malaysia
Bursa Sustainability Reporting Guidelines & Toolkits
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our Capitals
Financial Capital
Manufactured Capital
Intellectual Capital
Human Capital
Natural Capital
Social and Relationship
Capital
Malaysian Code on Corporate Governance
Malaysian Financial Reporting Standards (MFRS)
International Financial Reporting Standards (IFRS)
Global Reporting Initiative (GRI) Standards (Core)
ISAE 3000 (Revised)
- Limited Assurance Engagement
our strategic pillars
Growth
Modernisation
Responsible Business
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Digi.com Bhd published this content on 06 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 April 2022 09:04:06 UTC.