Wateen Article

CONTENTS

03. 03. 04. 05. 06. 08. 09. 12. 20. twenty-one. 22. twenty-three. Corporate Vision & Objective Core Values and Integrity Chairman's Communication CEO's Message Board of Administrators Corporate Info Financial Illustrates Director's Report Attendance of Board Associates Statement of Compliance (CCG) Review Report to the Members Auditor's Review Report to the Members

Economical Statements 26. Balance Sheet 28. ProfitandLossAccount twenty nine. Statement of Comprehensive Profits 30. Cashflow Statement 32. Statement of Changes in Fairness 33. Remarks to and Forming A part of Financial Statements Consolidated Economical Statements 61. Auditor's Report to the Members 62. Consolidated Balance Sheet sixty four. ConsolidatedProfitandLossAccount sixty-five. Consolidated Assertion of Complete Income sixty six. Consolidated Income and Affirmation 68. Consolidated Statement of Changes in Fairness 69. Records to and Forming Part of the Consolidated Financial Statements Annexures 99. Pattern of Shareholding 101. Class of Shareholders 106. Notice of Annual General Meeting 107. Form of Serwery proxy

wateen telecom ltd

ANNUAl RePORt 2010

1

ORGANIZATION reVIeW

TRUST TEAM JOB QUALITY

2

ANNUAl Survey

2010

wateen telecom limited

COrpOrate

VISIoN

ateen's perspective is to have Pakistan into the digital revolution of the modern world by offering total communications and media solutions such as Telephony, Internet, Data and TV / Multi-media to the open public at large based upon quality, affordability, availability and reliability. To make Pakistan a regional communications hub, inter-connecting the East with the Western world and Central Asia towards the Middle East.

W

QUEST

Offer inexpensive communication services that cater to the requirements of our consumers. Deliverhighquality, flexiblesolutionsthatallowcustomerssavings, choiceand enhancedefficiency. Make ‘Broadband Pakistan' a reality. Achieve optimum customer satisfaction in any way levels. Provideinnovative, efficientandcreativesolutions.

Main

Values

&

ethICS

Respect for others – We deeply value selection in background, strengths, passions and experiences Integrity and honesty – We perform our business with uncompromising integrity Open up communication – We believe in nurturing positive changes in the organisation and the community Customer satisfaction – We strongly believe in the passion can be, partners and technology Leadership–Wepracticeandcultivatethewilltoexcelandtakingonbigchallenges Synergies and strategic relationships – We value maximising growth possibilities and induce atmosphere of healthy competition Our values guide our behaviours and shine through in all the interactions with each other and our stakeholders.

wateen telecom limited

ANNUAl Record 2010

3

Chairman's Concept

Dear Shareholder, On behalf of the Board of Directors, I actually am pleased to announce the financial benefits and audited statements intended for Wateen Telecom. At its creation in june 2006, we had envisioned a simple aim: to build a worldclass, reliable communication and media network to deliver top of the line affordable service to the people of Pakistan. We now have so far, by Grace of Allah, been able to achieve area of the dream. Despite challenging macro economic circumstances, the main focus have been to smartly capture development opportunities when scaling capital expenditureandintroducingmeasuresforcostefficiency. Despitethese concerns, Wateenhasposted aGrossProfitmargin of39% and also published a positive surgical margin of Rs. 409 million. Althoughthechallengingconditionshavebroughtinhigherinflationand increased competition, we are confident that Wateen will continue to do well in Pakistan and that we welcome a thrilling environment. Were certain that Wateen is geared to meet these types of challenges due to our preparations and efficiency restructuring that has been put in place in the last few years. These types of building blocks will certainly lead all of us to a more...

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