Page Letter of the Chairman Financial Highlights OTH’s Organization Milestones History and Evolution of the Company Disclosure
Letter of the Chairman 02 population under license of the two groups together reaching approximately two billion. Overall, we h
Financial Highlights
Financial Highlights 06 Revenues Net Income 3,226 Million US$ +64% 1,966 Million US$ +123% 295 Million US$ 659 Million US$ 2004
OTH’s Organization
OTH’s Organization Chairman and CEO Naguib Sawiris 10 Strategic Planning Officer Khaled Saba VP Legal Affairs Amr El Bayoumi Le
Milestones 2005-2006 12 January 2005 - Djezzy successfully finalized non-recourse financing. - Orascom Telecom Holding acquired
History and Evolution of the Company
History and Evolution of the Company Orascom Telecom Holding S.A.E. (or OTH) is part of the Orascom group of companies, which w
Disclosure & Shareholder Information
Disclosure & Shareholder Information Orascom Telecom Holding S.A.E. (“OTH”) maintains a trusting relationship and a high level
GSM Operations • Djezzy • Mobilink • Mobinil • Tunisiana • Iraqna • Banglalink • Telecel Zimbabwe
24 TUNISIA Population: 10 million Mobile Penetration: 52.7% PAKISTAN Population: 160 million Mobile Penetration: 12.4% IRAQ Pop
Djezzy-ALGERIA CEO: Hassan Kabbani CFO: Alain Piquemal 26 Orascom Telecom Algeria SPA operates a GSM network in Algeria and pro
Djezzy-ALGERIA 28 Djezzy is being integrated into the standard and prepaid roaming capabilities supported by most of OTH’s coun
Mobilink-PAKISTAN CEO: Zouhair A. Khaliq CFO: Ehab Rochdy 30 Pakistan Mobile Communications Ltd (“Mobilink” or “PMCL”) operates
Mobilink-PAKISTAN 32 During 2005,Value Added Services were a focus. The year saw the introduction of GPRS for both the prepaid
Mobinil-EGYPT CEO: Alex Shalaby CFO: Rana Abbadi 34 The Egyptian Company for Mobile Services (“Mobinil” or “ECMS”) operates a G
Mobinil-EGYPT 36 mobile services, video messages, downloading Java based three dimensional games, polyphonic ring tones and ani
Tunisiana-TUNISIA CEO: Jean Pierre Roeland CFO: Scott Gegenheimer 38 Orascom Telecom Tunisie Limited (“Tunisiana” or “OTT”) ope
Tunisiana-TUNISIA 40 subscriber base to more than one million. Tunisiana also has developed the following sub-brands: ‘‘Carta’’
Iraqna-IRAQ CEO: Alain Saint Marie CFO: Leo Skarlados 42 Orascom Telecom Iraq Corp. (‘‘Iraqna’’ or ‘‘OTI’’) operates a GSM netw
Iraqna-IRAQ 44 There is also a growing demand for international access and roaming. Accordingly, Iraqna has established three p
46 CEO: Lars P. Reichelt CFO: Ezz Heikel Sheba Telecom (Pvt.) Limited (‘‘Banglalink’’ or ‘‘Sheba’’) operates a GSM telecommunic
Telecel-ZIMBABWE CEO: JD Swaim CFO: Rex Chibesa Telecel Zimbabwe increased its subscriber base in 2005 to reach 129,391 while s
Internet • LINKdotNET
LINKdotNET EGYPT 52 For over a decade, LINKdotNET (LDN) has developed, applied and refined methods for delivering leading-edge
LINKdotNET EGYPT 54 • Tejari Portal: Tejari – The leading business-to-business marketplace in the Middle East; • Microsoft ME P
GSM Operations Support • International Gateway M-Link • Value Added Services Arpu+ • Handsets and Distribution Ring • Infrastru
International Gateway 58 M-Link BELGIUM M-Link, a 100%-owned subsidiary of the OTH, has provided international voice and data c
Value Added Services 60 Arpu+ EGYPT ARPU+, a rapidly growing OTH subsidiary specialized in providing Value Added Services (VAS)
Handsets and Distribution 62 Ring-EGYPT Handsets & Distribution Ring was established in 2001 as a fully owned Orascom Telecom H
Infrastructure and Services 64 OrasInvest EGYPT OrasInvest, a wholly owned OTH subsidiary, was established in 2003, and subsequ
66 First Service is a pioneer in providing fully integrated business services in the areas of printing, delivery, cash collecti
Board Members
Board Members 70 Naguib Sawiris Chairman & CEO role OTH plays in the telecommunication business and an acknowledgement of the e
Board Members 72 François Dopffer Board Member Mr. Abdou received his Bachelor of Science in Mechanical Engineering from the Un
2005 Financial Review • Board Report • Financial Statements: - Egyptian Accounting Standards (in LE) - International Financial
76 Cairo, March 27th, 2006: Orascom Telecom Holding (OTH) (Ticker: ORTE.CA, ORTEq.L, ORAT EY, OTLD LI), announces its full year
78 Main Financial Events Buying of Minorities In a series of transactions in January, March and April 2005, OTH acquired substa
80 Table 8: Consolidated EBITDA Margin Subsidiary 31 December 2004 31 December 2005 Change Q3 – 2005 (3 months) Q4 – 2005 (3 mo
82 Balance Sheet Table 11: Balance Sheet in IFRS/US$ IFRS/US$ 31 December 2004 US$ (000) Assets Property and Equipment (net) Pr
84 Table 13: Income Statement in EAS/Egyptian Pounds Table 14: Balance Sheet in EAS/Egyptian Pounds 31 December 2004 LE (000) R
86 Outlook for 2006 The markets OTH operates in, are expected to continue to grow due to their rapid economic growth, low mobil
88 Auditor’s Report To The Shareholders of Orascom Telecom Holding (S.A.E) We have audited the accompanying Consolidated Balanc
90 Orascom Telecom Holding S.A.E Consolidated Balance Sheet As at December 31, 2005 Note No. Current assets Cash at banks and o
92 Orascom Telecom Holding S.A.E Consolidated Statement of Changes in Shareholders' Equity For the financial year ended Decembe
94 Orascom Telecom Holding S.A.E Notes to the consolidated financial statements for the financial year ended December 31, 2005
96 3-2 Translation of the foreign currencies transactions Orascom Telecom Holding and some of its subsidiaries maintain their b
98 4ASSETS UNDER CONSTRUCTION 31/12/2005 L.E. Orascom Telecom Holding Company 29 572 136 371 406 990 — — 1 167 729 126 1 358 99
100 10GOODWILL Goodwill represents the excess cost of acquisition of the investment over their fair value at the date of acquis
102 - Orascom Telecom Holding bonds are as follows: Bonds payable L.E. Payment on account of bonds issuance as at 1/1/2005 Proc
104 (B) Unrecognized deferred tax assets 31/12/2005 L.E 2 296 200 409 152 — — 2 705 352 31/12/2004 L.E 4 759 740 409 152 7 567
Years from 2000 till 2004: The Company submitted its Income Tax returns for these years in its legal dates, and the tax authori
108 Auditor’s Report To The Board of Directors of Orascom Telecom Holding (S.A.E) We have audited the accompanying consolidated
110 Orascom Telecom Holding S.A.E Consolidated Balance Sheet As at December 31, 2005 Note No. Assets Non-current assets Propert
112 Orascom Telecom Holding S.A.E Consolidated Statement of Changes in Shareholders' Equity For the financial year ended Decemb
114 Orascom Telecom Holding S.A.E Significant Accounting Policies and Notes To the Consolidated Financial Statements As at Dece
116 2.8 Investments (i) Investments available for sale Investments available-for-sale are valued at fair value, with any result
118 Segment results, assets and liabilities include items directly attributable to a segment as well as those that can be alloc
120 5PROPERTY AND EQUIPMENT UNDER CONSTRUCTION Property and equipment under construction comprise: December 31, 2005 (US$) Oras
122 15Borrower LOANS AND BONDS Loans and bonds comprise: Lending Institution Interest Rate Outstanding amount 31/12/2005 US$ 64
124 19OTHER CURRENT PAYABLES Other current payables comprise: Note December 31, 2005 (US$) Deferred revenues Deposit to others
126 28- GRANTED GUARANTEES FROM OTH TO THE SUBSIDIARIES The Parent Company signed agreements as a guarantor for the following s
128 34.2 Interest rate risk As at December 31, 2005 the Parent Company holds a number of loans. The interest rates on these loa
Notes Notes
Notes
www.orascomtelecom.com
Page 1:
Giving the World a Vo
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Page Letter of the Chairman Financial Highlights OTH’s Organiza
Page 3:
Letter of the Chairman 02 population under license of the two g
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Financial
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Financial Highlights 06 Revenues Net Income 3,226 Million US$ +
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OTH’s Org
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OTH’s Organization Chairman and CEO Naguib Sawiris 10 Strategic
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Milestones 2005-2006 12 January 2005 - Djezzy successfully fina
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History and Evolut
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History and Evolution of the Company Orascom Telecom Holding S.
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Disclosure & Share
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Disclosure & Shareholder Information Orascom Telecom Holding S.
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GSM Operations • Djezzy • Mobilink • Mobinil • T
Page 14:
24 TUNISIA Population: 10 million Mobile Penetration: 52.7% PAK
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Djezzy-ALGERIA CEO: Hassan Kabbani CFO: Alain Piquemal 26 Orasc
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Djezzy-ALGERIA 28 Djezzy is being integrated into the standard
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Mobilink-PAKISTAN CEO: Zouhair A. Khaliq CFO: Ehab Rochdy 30 Pa
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Mobilink-PAKISTAN 32 During 2005,Value Added Services were a fo
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Mobinil-EGYPT CEO: Alex Shalaby CFO: Rana Abbadi 34 The Egyptia
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Mobinil-EGYPT 36 mobile services, video messages, downloading J
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Tunisiana-TUNISIA CEO: Jean Pierre Roeland CFO: Scott Gegenheim
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Tunisiana-TUNISIA 40 subscriber base to more than one million.
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Iraqna-IRAQ CEO: Alain Saint Marie CFO: Leo Skarlados 42 Orasco
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Iraqna-IRAQ 44 There is also a growing demand for international
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46 CEO: Lars P. Reichelt CFO: Ezz Heikel Sheba Telecom (Pvt.) L
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Telecel-ZIMBABWE CEO: JD Swaim CFO: Rex Chibesa Telecel Zimbabw
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Internet •
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LINKdotNET EGYPT 52 For over a decade, LINKdotNET (LDN) has dev
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LINKdotNET EGYPT 54 • Tejari Portal: Tejari – The leading busin
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GSM Operations Support • International Gateway M-Link • Value A
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International Gateway 58 M-Link BELGIUM M-Link, a 100%-owned su
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Value Added Services 60 Arpu+ EGYPT ARPU+, a rapidly growing OT
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Handsets and Distribution 62 Ring-EGYPT Handsets & Distribution
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Infrastructure and Services 64 OrasInvest EGYPT OrasInvest, a w
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66 First Service is a pioneer in providing fully integrated bus
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Board
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Board Members 70 Naguib Sawiris Chairman & CEO role OTH plays i
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Board Members 72 François Dopffer Board Member Mr. Abdou receiv
Page 39:
2005 Financial Review • Board Report • Financial Statements: -
Page 40:
76 Cairo, March 27th, 2006: Orascom Telecom Holding (OTH) (Tick
Page 41:
78 Main Financial Events Buying of Minorities In a series of tr
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80 Table 8: Consolidated EBITDA Margin Subsidiary 31 December 2
Page 43:
82 Balance Sheet Table 11: Balance Sheet in IFRS/US$ IFRS/US$ 3
Page 44:
84 Table 13: Income Statement in EAS/Egyptian Pounds Table 14:
Page 45:
86 Outlook for 2006 The markets OTH operates in, are expected t
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88 Auditor’s Report To The Shareholders of Orascom Telecom Hold
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90 Orascom Telecom Holding S.A.E Consolidated Balance Sheet As
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92 Orascom Telecom Holding S.A.E Consolidated Statement of Chan
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94 Orascom Telecom Holding S.A.E Notes to the consolidated fina
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96 3-2 Translation of the foreign currencies transactions Orasc
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98 4ASSETS UNDER CONSTRUCTION 31/12/2005 L.E. Orascom Telecom H
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100 10GOODWILL Goodwill represents the excess cost of acquisiti
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102 - Orascom Telecom Holding bonds are as follows: Bonds payab
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104 (B) Unrecognized deferred tax assets 31/12/2005 L.E 2 296 2
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Years from 2000 till 2004: The Company submitted its Income Tax
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108 Auditor’s Report To The Board of Directors of Orascom Telec
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110 Orascom Telecom Holding S.A.E Consolidated Balance Sheet As
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112 Orascom Telecom Holding S.A.E Consolidated Statement of Cha
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114 Orascom Telecom Holding S.A.E Significant Accounting Polici
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116 2.8 Investments (i) Investments available for sale Investme
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118 Segment results, assets and liabilities include items direc
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120 5PROPERTY AND EQUIPMENT UNDER CONSTRUCTION Property and equ
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122 15Borrower LOANS AND BONDS Loans and bonds comprise: Lendin
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124 19OTHER CURRENT PAYABLES Other current payables comprise: N
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126 28- GRANTED GUARANTEES FROM OTH TO THE SUBSIDIARIES The Par
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128 34.2 Interest rate risk As at December 31, 2005 the Parent
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Notes
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No
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www.orascom
African Annual Reports
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