|
|
|
Earning
per Share
The
earning per share was Rs. 0.70, dropped from
Rs. 1.23 in 1998.
Fixed
Assets
The
total amount of fixed assets was Rs. 58,224
million as of 31st December 1999. It has increased
by 24% in comparison with the previous year
and equal to 82% of the total assets.
Capital
Expenditure
Following
the large capital investment in the previous
year, the amount of capital expenditure was
kept at the peak level of Rs. 15,311 million,
to meet the strong demand for network expansion
in the entire country and for various enhanced
services. The capital investment was made
through several kinds of fund sources, including
ODA, vendor finance, Commercial Bank loan
and internally produced funds from operation.
|
|
|
|
|
Financing
Activities
The
total amount of loans added during the year
was Rs. 11,244 million, which resulted in
total debt amounting to Rs. 31,116 million.
The strategy of diversifying financing options
was developed. While the Government loans
based upon ODA fund continued to be the major
source of finance, Rs. 4,100 million was obtained
from a long-term syndicated loan and Rs. 1,060
million from a medium-term Commercial Bank
loan. In addition, the first debenture issue
was projected for pursuing the financing diversification.
(The debenture was successfully issued with
an amount of Rs. 1,500 million in March 2000.
It was given a AA+ rating by the credit rating
agency.)
|
|
|