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Assignment Mr. Lokman Part

Telenor Group had revenues of NOK 113.7 billion in 2019, with subscription and traffic revenues accounting for NOK 86 billion. EBITDA before other income was NOK 50.7 billion, representing 44.6% of revenues. Net income attributable to shareholders was NOK 7.8 billion. Norway was Telenor's largest market by revenue in 2019 at NOK 28.7 billion, followed by Sweden, Denmark, Pakistan, Bangladesh, and Thailand. Bangladesh had the highest corporate income tax rate among Telenor's markets at 40%, while Finland and Thailand had the lowest at 20%.

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48 views2 pages

Assignment Mr. Lokman Part

Telenor Group had revenues of NOK 113.7 billion in 2019, with subscription and traffic revenues accounting for NOK 86 billion. EBITDA before other income was NOK 50.7 billion, representing 44.6% of revenues. Net income attributable to shareholders was NOK 7.8 billion. Norway was Telenor's largest market by revenue in 2019 at NOK 28.7 billion, followed by Sweden, Denmark, Pakistan, Bangladesh, and Thailand. Bangladesh had the highest corporate income tax rate among Telenor's markets at 40%, while Finland and Thailand had the lowest at 20%.

Uploaded by

Tanvir Siddique
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Financial Statement Analysis:

Key figures of Telenor Group

KEY FIGURES TELENOR GROUP Year


NOK in million 2019
Revenues 113,666
Subscription and traffic revenues 85,954
EBITDA before other income and other
50,735
expenses
EBITDA before other income and other
44.6
expenses/Revenues (%)
Net income attributable to equity holders of
7,773
Telenor ASA
Capex excl. licences and spectrum 17,415
Total Capex 18,075
Free cash flow before M&A 3,831
Total Free cash flow -18,998
Mobile subscriptions – Change in quarter /
186.0
Total (mill.)

Country by country Revenue comparison of Telenor


Country Revenues 2019 Revenues 2018

Norway 28,658.00 26,253.00


Sweden 12,857.00 13,032.00
Denmark 4,871.30 4,913.00
Finland 3,434.40 42.00
Pakistan 6,033.10 7,388.00
Bangladesh 14,980.20 12,906.00
Myanmar 5,759.20 5,813.00
Thailand 22,994.60 18,908.00
Malaysia 13,517.60 13,281.00
Telenor Group 113,665.90 105,923.00
Corporate income Tax Rate in home & host country:
Telenor is operating in 9 country with 7 different rate of corporate income tax. Among this 9
country Bangladesh is incurring highest rate of corporate income tax which is 40% and second
highest rate is incurred by Pakistan which is 29%. On the other hand lowest corporate income tax
is incurred by Finland and Thailand which is 20%. There are only two country Norway and
Sweden who’s tax rate has reduced in 2019 compare to 2018.
Tax rate in 9 countries that Telenor is operating –

Corporate Tax rate


40%

35%

30%

25%

20%

15%

10%

5%

0%
Norway Sweden Denmark Finland Pakistan Bangladesh Myanmar Thailand Malaysia

2019 Column2

Source: Telenor Annual Report 2019

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