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VEON Ltd. – ‘20-F’ for 12/31/18 – ‘EX-99.1’

On:  Thursday, 3/14/19, at 8:27am ET   ·   For:  12/31/18   ·   Accession #:  1468091-19-18   ·   File #:  1-34694

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  As Of               Filer                 Filing    For·On·As Docs:Size

 3/14/19  VEON Ltd.                         20-F       12/31/18  144:27M

Annual Report by a Foreign Non-Canadian Issuer   —   Form 20-F   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 20-F        Annual Report by a Foreign Non-Canadian Issuer      HTML   2.20M 
 2: EX-1.1      Underwriting Agreement                              HTML    328K 
 3: EX-4.6      Instrument Defining the Rights of Security Holders  HTML    257K 
 4: EX-8        Opinion of Counsel re: Tax Matters                  HTML     45K 
 7: EX-13.1     Annual or Quarterly Report to Security Holders      HTML     39K 
 9: EX-99.1     Miscellaneous Exhibit                               HTML     70K 
10: EX-99.2     Miscellaneous Exhibit                               HTML    154K 
 5: EX-12.1     Statement re: Computation of Ratios                 HTML     45K 
 6: EX-12.2     Statement re: Computation of Ratios                 HTML     45K 
 8: EX-15.1     Letter re: Unaudited Interim Financial Info         HTML     41K 
17: R1          Document and Entity Information                     HTML     66K 
18: R2          Consolidated Income Statement                       HTML    137K 
19: R3          Consolidated Statement of Comprehensive Income      HTML     83K 
20: R4          Consolidated Statement of Financial Position        HTML    128K 
21: R5          Consolidated Statement of Changes in Equity         HTML     83K 
22: R6          Consolidated Statement of Cash Flows                HTML    144K 
23: R7          Consolidated Statement of Cash Flows                HTML     40K 
                (Parenthetical)                                                  
24: R8          General Information                                 HTML     44K 
25: R9          Segment Information                                 HTML    165K 
26: R10         Operating Revenue                                   HTML    108K 
27: R11         Other Non-Operating Losses, Net                     HTML     55K 
28: R12         Trade and Other Receivables                         HTML    121K 
29: R13         Other Assets and Liabilities                        HTML     85K 
30: R14         Provisions and Contingent Liabilities               HTML    159K 
31: R15         Income Taxes                                        HTML    278K 
32: R16         Significant Transactions                            HTML     96K 
33: R17         Impairment                                          HTML    195K 
34: R18         Property and Equipment                              HTML    117K 
35: R19         Intangible Assets                                   HTML    119K 
36: R20         Goodwill                                            HTML     81K 
37: R21         Investments in Subsidiaries                         HTML    288K 
38: R22         Financial Assets and Liabilities                    HTML    311K 
39: R23         Cash and Cash Equivalents                           HTML     55K 
40: R24         Financial Risk Management                           HTML    187K 
41: R25         Issued Capital and Reserves                         HTML     64K 
42: R26         Earnings Per Share                                  HTML     87K 
43: R27         Dividends Paid and Proposed                         HTML     70K 
44: R28         Related Parties                                     HTML    318K 
45: R29         Events After the Reporting Period                   HTML     46K 
46: R30         Basis of Preparation of the Consolidated Financial  HTML     45K 
                Statements                                                       
47: R31         Significant Accounting Policies That Relate to the  HTML    213K 
                Consolidated Financial Statements as A Whole                     
48: R32         Significant Accounting Policies That Relate to the  HTML    279K 
                Consolidated Financial Statements as A Whole                     
                (Policies)                                                       
49: R33         Segment Information (Tables)                        HTML    167K 
50: R34         Operating Revenue (Tables)                          HTML    112K 
51: R35         Selling, General and Administrative Expenses        HTML     66K 
                (Tables)                                                         
52: R36         Other Non-Operating Losses, Net (Tables)            HTML     54K 
53: R37         Trade and Other Receivables (Tables)                HTML    122K 
54: R38         Other Assets and Liabilities (Tables)               HTML    138K 
55: R39         Provisions and Contingent Liabilities (Tables)      HTML    114K 
56: R40         Income Taxes (Tables)                               HTML    272K 
57: R41         Significant Transactions (Tables)                   HTML     89K 
58: R42         Impairment (Tables)                                 HTML    187K 
59: R43         Property and Equipment (Tables)                     HTML    120K 
60: R44         Intangible Assets (Tables)                          HTML    117K 
61: R45         Goodwill (Tables)                                   HTML     80K 
62: R46         Investments in Subsidiaries (Tables)                HTML    283K 
63: R47         Financial Assets and Liabilities (Tables)           HTML    296K 
64: R48         Cash and Cash Equivalents (Tables)                  HTML     50K 
65: R49         Financial Risk Management (Tables)                  HTML    170K 
66: R50         Issued Capital and Reserves (Tables)                HTML     62K 
67: R51         Earnings Per Share (Tables)                         HTML     88K 
68: R52         Dividends Paid and Proposed (Tables)                HTML     67K 
69: R53         Related Parties (Tables)                            HTML    312K 
70: R54         Significant Accounting Policies That Relate to the  HTML    192K 
                Consolidated Financial Statements as A Whole                     
                (Tables)                                                         
71: R55         General Information (Details)                       HTML     44K 
72: R56         SEGMENT INFORMATION - Reportable Segments           HTML     99K 
                (Details)                                                        
73: R57         SEGMENT INFORMATION - Segments Adjusted EBITDA      HTML     72K 
                (Details)                                                        
74: R58         SEGMENT INFORMATION - Geographical information of   HTML     59K 
                non-current assets (Details)                                     
75: R59         OPERATING REVENUE - Revenue (Details)               HTML     89K 
76: R60         OPERATING REVENUE - Assets and liabilities arising  HTML     49K 
                from contracts with customers (Details)                          
77: R61         Selling, General and Administrative Expenses        HTML     56K 
                (Details)                                                        
78: R62         Selling, General and Administrative Expenses -      HTML     53K 
                Operating Leases (Details)                                       
79: R63         Other Non-Operating Losses, Net (Details)           HTML     56K 
80: R64         Trade and Other Receivables (Details)               HTML     51K 
81: R65         Trade and Other Receivables - Movements in the      HTML     56K 
                allowance for doubtful debt (Details)                            
82: R66         TRADE AND OTHER RECEIVABLES - Aging of trade        HTML     71K 
                receivables (Details)                                            
83: R67         Other Assets and Liabilities (Details)              HTML     93K 
84: R68         Provisions and Contingent Liabilities (Details)     HTML     87K 
85: R69         Provisions and Contingent Liabilities - Legal       HTML     75K 
                Provisions (Details)                                             
86: R70         PROVISIONS AND CONTINGENT LIABILITIES - Contingent  HTML    135K 
                liabilities (Details)                                            
87: R71         INCOME TAXES - Income tax expense (Details)         HTML     74K 
88: R72         INCOME TAXES - Reconciliation between statutory     HTML     75K 
                and effective income tax (Details)                               
89: R73         INCOME TAXES - Explanatory notes to the effective   HTML     52K 
                tax rate (Details)                                               
90: R74         INCOME TAXES - Deferred taxes (Details)             HTML     50K 
91: R75         INCOME TAXES - Deferred tax assets and liabilities  HTML     90K 
                (Details)                                                        
92: R76         INCOME TAXES - Tax losses year of expiration        HTML     69K 
                (Details)                                                        
93: R77         INCOME TAXES - Foreign subsidiaries, outside        HTML     56K 
                income statement and non-current tax assets                      
                (Details)                                                        
94: R78         SIGNIFICANT TRANSACTIONS - Sale of Italy Joint      HTML     75K 
                Venture (Details)                                                
95: R79         SIGNIFICANT TRANSACTIONS - Termination of Deodar    HTML    105K 
                sale (Details)                                                   
96: R80         SIGNIFICANT TRANSACTIONS - Exit from Euroset        HTML     50K 
                Holding B.V. Joint Venture (Details)                             
97: R81         SIGNIFICANT TRANSACTIONS - Withdrawal of mandatory  HTML     42K 
                tender offer in relation to Global Telecom Holding               
                S.A.E (Details)                                                  
98: R82         IMPAIRMENT - Impairment losses (Details)            HTML     97K 
99: R83         IMPAIRMENT - Key assumptions (Details)              HTML     95K 
100: R84         PROPERTY AND EQUIPMENT - Activity (Details)         HTML    100K  
101: R85         PROPERTY AND EQUIPMENT - Additional information     HTML     61K  
                (Details)                                                        
102: R86         PROPERTY AND EQUIPMENT - Commitments (Details)      HTML     58K  
103: R87         INTANGIBLE ASSETS - Summary of the Movement in the  HTML     68K  
                Net Book Value of Intangible Assets (Details)                    
104: R88         INTANGIBLE ASSETS - Acquisition of spectrums        HTML     79K  
                (Details)                                                        
105: R89         INTANGIBLE ASSETS - Schedule of Capital             HTML     45K  
                Commitments (Details)                                            
106: R90         Goodwill (Details)                                  HTML     73K  
107: R91         INVESTMENTS IN SUBSIDIARIES - Information about     HTML     87K  
                significant subsidiaries (Details)                               
108: R92         INVESTMENTS IN SUBSIDIARIES INVESTMENTS IN          HTML    104K  
                SUBSIDIARIES - Gain on sale of subsidiaries                      
                (Details)                                                        
109: R93         INVESTMENTS IN SUBSIDIARIES - Financial             HTML     64K  
                information of subsidiaries that have material                   
                NCIs (Details)                                                   
110: R94         INVESTMENTS IN SUBSIDIARIES - Summarized income     HTML     96K  
                statement (Details)                                              
111: R95         INVESTMENTS IN SUBSIDIARIES - Summarized statement  HTML    104K  
                of financial position (Details)                                  
112: R96         INVESTMENTS IN SUBSIDIARIES - Summarized statement  HTML     71K  
                of cash flows (Details)                                          
113: R97         FINANCIAL ASSETS AND LIABILITIES - Financial        HTML     72K  
                assets (Details)                                                 
114: R98         FINANCIAL ASSETS AND LIABILITIES - Financial        HTML     84K  
                liabilities (Details)                                            
115: R99         FINANCIAL ASSETS AND LIABILITIES - Bank loans and   HTML    101K  
                bonds (Details)                                                  
116: R100        FINANCIAL ASSETS AND LIABILITIES - Termination of   HTML     51K  
                guarantees (Details)                                             
117: R101        FINANCIAL ASSETS AND LIABILITIES - Reconciliation   HTML     67K  
                of cash flows from financing activities (Details)                
118: R102        FINANCIAL ASSETS AND LIABILITIES - Issuance of New  HTML     71K  
                Notes and Cash Tender Offer for Certain                          
                Outstanding Debt Securities (Details)                            
119: R103        FINANCIAL ASSETS AND LIABILITIES - Reconciliation   HTML     59K  
                of movements relating to financial instruments                   
                (Details)                                                        
120: R104        FINANCIAL ASSETS AND LIABILITIES - Hedge            HTML     53K  
                accounting (Details)                                             
121: R105        FINANCIAL ASSETS AND LIABILITIES - Impact of hedge  HTML     73K  
                accounting on equity (Details)                                   
122: R106        FINANCIAL ASSETS AND LIABILITIES - Offsetting       HTML     78K  
                financial assets and liabilities (Details)                       
123: R107        Cash and Cash Equivalents (Details)                 HTML     57K  
124: R108        FINANCIAL RISK MANAGEMENT - Interest rate risk      HTML     48K  
                (Details)                                                        
125: R109        FINANCIAL RISK MANAGEMENT - Foreign currency risk   HTML     68K  
                (Details)                                                        
126: R110        FINANCIAL RISK MANAGEMENT - Liquidity risk          HTML     73K  
                (Details)                                                        
127: R111        FINANCIAL RISK MANAGEMENT - Liquidity risk          HTML     94K  
                maturity profile (Details)                                       
128: R112        FINANCIAL RISK MANAGEMENT - Capital management      HTML     42K  
                (Details)                                                        
129: R113        ISSUED CAPITAL AND RESERVES - Common Stock          HTML     60K  
                (Details)                                                        
130: R114        ISSUED CAPITAL AND RESERVES - Major Shareholders    HTML     66K  
                (Details)                                                        
131: R115        EARNINGS PER SHARE - Continued operations           HTML     53K  
                (Details)                                                        
132: R116        EARNINGS PER SHARE - Discontinued operations        HTML     53K  
                (Details)                                                        
133: R117        DIVIDENDS PAID AND PROPOSED - Declared (Details)    HTML     45K  
134: R118        DIVIDENDS PAID AND PROPOSED - Non-controlling       HTML     63K  
                Interests (Details)                                              
135: R119        RELATED PARTIES - Transactions with related         HTML     44K  
                parties (Details)                                                
136: R120        RELATED PARTIES - Compensation to directors and     HTML    162K  
                senior managers of the company (Details)                         
137: R121        Events After the Reporting Period (Details)         HTML     79K  
138: R122        SIGNIFICANT ACCOUNTING POLICIES THAT RELATE TO THE  HTML    132K  
                CONSOLIDATED FINANCIAL STATEMENTS AS A WHOLE -                   
                IFRS 9 and IFRS 15 (Details)                                     
139: R123        Significant Accounting Policies That Relate to the  HTML    191K  
                Consolidated Financial Statements as A Whole -                   
                Ifrs 16 (Details)                                                
140: R124        SIGNIFICANT ACCOUNTING POLICIES THAT RELATE TO THE  HTML     68K  
                CONSOLIDATED FINANCIAL STATEMENTS AS A WHOLE -                   
                Reconciliation of Operating Lease Commitments to                 
                Lease Liabilities (Details)                                      
141: R9999       Uncategorized Items - vip-20181231.xml              HTML    118K  
143: XML         IDEA XML File -- Filing Summary                      XML    266K  
142: EXCEL       IDEA Workbook of Financial Reports                  XLSX    211K  
11: EX-101.INS  XBRL Instance -- vip-20181231                        XML   9.61M 
13: EX-101.CAL  XBRL Calculations -- vip-20181231_cal                XML    460K 
14: EX-101.DEF  XBRL Definitions -- vip-20181231_def                 XML   1.58M 
15: EX-101.LAB  XBRL Labels -- vip-20181231_lab                      XML   3.65M 
16: EX-101.PRE  XBRL Presentations -- vip-20181231_pre               XML   2.24M 
12: EX-101.SCH  XBRL Schema -- vip-20181231                          XSD    503K 
144: ZIP         XBRL Zipped Folder -- 0001468091-19-000018-xbrl      Zip    649K  


‘EX-99.1’   —   Miscellaneous Exhibit


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 <!   C:   C: 
  Exhibit  

EXHIBIT 99.1
Glossary of Telecommunications Terms
    
Abbreviation
 
Definition
“2G”
 
The second-generation mobile telephony system based on the standards defined by the ITU.
“3G”
 
The third-generation mobile telephony system based on the standards defined by the ITU
“4G/LTE”
 
The fourth-generation/long-term evolution mobile technologies, including WiMax, based on the standards defined by the ITU
“5G”
 
Fifth generation mobile networks
“ADSL”
 
Asymmetric digital subscriber line
“ANO”
 
Alternative network operator
“API”
 
Application programming interface
“ARPU”
 
Average revenue per user of telephone services, calculated over a given period of time for the average number of total customers or of active customers in the same period
“B2B”
 
Business to business
“B2C”
 
Business to company
“B2O”
 
Business to operation
“Broadband”
 
A high-capacity network backbone providing connectivity between sites and that picks up and conveys the traffic of lower-capacity peripheral rings
“BTS”
 
Base transceiver station: fixed transmitter/receiver equipment located within cells of a mobile telecommunications network that enables communications by means of radio signals with mobile telephones
“CAMEL”
 
Customized Applications for Mobile network Enhanced Logic
“CDMA”
 
Code division multiple access
“Churn”
 
A measure of the proportion of a business unit’s customer base that disconnects from such business unit’s service over a period of time. Prepaid and postpaid churn rates are each calculated by dividing the respective total number of prepaid or postpaid customer disconnections (including customers who disconnect and reactivate with the same phone number) for the period by the average number of prepaid or postpaid customers for the period. The average number of customers for the period is calculated by taking the average of each month’s average number of prepaid or postpaid customers (calculated as the average of the total number of customers at month-end and the total number of customers at the end of the previous month) during the period. A business unit’s total churn rate is the weighted average of such business unit’s prepaid churn rate and postpaid churn rate over the period, based on weighted number of prepaid and postpaid customers
“Customer”
 
For mobile line telephone services, the terms refer to anyone: (a) who is a holder of a SIM card; and (b) in the event of prepaid services, anyone who has made at least one recharge after the second month of making the SIM purchase
“DFS”
 
Digital financial services
“DSL”
 
Digital subscriber line
“DWDM”
 
Dense wavelength divisions multiplexing
“EDGE”
 
Enhanced data rates for GSM Evolution: evolution of data communications within the existing GSM standard. Designed as a step forward from GPRS, EDGE improves the GSM radio interface in that it increases the data transfer speed by optimizing use of the available spectrum
“FMC”
 
Fix mobile convergence (charging subscribers who use both mobile and fixed fiber connect from a single account)
“FOL”
 
Fiber optical line
“FTR”
 
Fixed termination rate
“FTTB”
 
Fiber-to-the-building


1


“GPRS”
 
General packet radio service: data transmission technology using packet-based transmission for providing mobile telecommunications
“GSM”
 
Global System for Mobile Communications: a mobile-telephony standard based on digital transmission and cellular network architecture with a roaming system
“GSM900”
 
Mobile telephone services using GSM in the 900 MHz frequency range
“GSM900/1800”
 
Mobile telephone services using the GSM standard in the 900 MHz and 1800 MHz frequency ranges
“GSM1800”
 
Mobile telephone services using GSM in the 1800 MHz frequency range
“HSPA”
 
High-speed packet access
“ICX”
 
Interconnection exchange
“IEEE”
 
Institute of Electrical and Electronics Engineers (a professional association which creates and maintains standards for wireless network products)
“IGW”
 
International gateway
“IIG”
 
International internet gateway
“ILD”
 
International long distance
“Incumbent”
 
The term defining the telephone carrier company which once had a monopoly on the market, and now has a dominating position on a free market
“Internet”
 
Internet of things
“IP”
 
Internet protocol: the universal communications protocol based on the exchange of packets of information between telecommunications equipment. It is the standard protocol used on the internet
“IPTSP”
 
Internet protocol telephony service provider
“IPTV”
 
Internet protocol television
“IP VPN”
 
IP virtual private network
“ISDN”
 
Integrated services digital network
“ISP”
 
Internet service provider: provider of access to the internet and to the service linked to the latter
“IVR”
 
Interactive voice response
“L2VPN”
 
Layer-2 virtual private network
“LDI”
 
Long distance and international
“LLU”
 
Local loop unbundling (In Italy, this is the regulatory process of allowing multiple telecommunications operators to use connections from Telecom Italia’s local exchanges to the customer’s premises)
“M2M”
 
Machine to machine
“Mbps”
 
Megabytes per second
“MFS”
 
Mobile financial services
“MHz”
 
Mega hertz: the hertz is a unit of frequency of one cycle per second. A mega hertz refers to a frequency of one million hertz
“MMS”
 
Multimedia messaging service: an evolution of SMS services that, in addition to text messages, offer several types of multimedia contents such as images, audio and video-clips
“MNP”
 
Mobile number portability: a service, recently approved by the BTRC in Bangladesh, which allows customers to keep their mobile number when switching between mobile operators. The BTRC directive, instructing mobile telecommunications operators to make this service available to customers in Bangladesh, was approved by the BTRC on May 6, 2013
“Mobile operator”
 
Provider of telecommunications services using the range of radio frequencies assigned to it
“MOU”
 
Minutes of use
“MPLS”
 
Multiprotocol label switching
“MSAN”
 
Multi-service access nodes
“MTR”
 
Mobile termination rates
“Multimedia”
 
Communications using any combination of different media and which may comprise text, audio, music, images, animation and video
“MVNO”
 
Mobile virtual network operator


2


“OTT”
 
Over-the-top. Refers to content service providers such as Google and Facebook
“PBX”
 
Private branch exchange
“Penetration rate”
 
This is a measure of access to telecommunications, normally calculated by dividing the number of customers to a particular service by the population to whom it is available and multiplying by 100. It is also referred to as teledensity (for fixed-line networks) or mobile density (for cellular networks)
“Prepaid”
 
Mobile telephony service paid for in advance by the customer
“Postpaid”
 
Mobile telephony service paid for after usage by the customer has occurred
“Protocol”
 
The standard communication rules between two computers or within a computer network. Two computers using the same protocol can exchange data. The internet is based on a series of protocols, for example www is based on http protocol. The most popular is IP, Internet Protocol, which is a data transfer protocol
“PSTN”
 
Public switched telephone network: the circuit-switched public telephone network
“RBT”
 
Customized ring back tones
“REF”
 
Radio electronic facilities
“RIO”
 
Reference interconnection offers
“Roam” or “roaming”
 
The ability to make and receive calls on the same mobile phone even when travelling outside the area covered by the “home” network operator
“SaaS”
 
Software as a service
“SDH”
 
Synchronous digital hierarchy
“SIM” or “SIM card”
 
Customer identity module card: magnetic cards with a memory for data storage and software applications
“SME”
 
Small- and medium-size enterprise market which consists of businesses having between 3 and 50 employees
“SMS”
 
Short message service: a protocol that uses the signaling channel to transmit text messages up to 160 characters long
“SOHO”
 
Small office/home office
“TDD”
 
Time division duplex
“ULL”
 
Unbundled local loop
“UMTS”
 
Universal Mobile Telecommunications System
“USB”
 
Universal serial bus
“Value Added Services” or “VAS”
 
These are services that provide a higher level of functionality than those offered by basic transmission services made available by a telecommunications network for transferring information via terminals
“VoIP”
 
Voice over IP: digital technology enabling the transmission of voice packages via the internet, intranet, extranet and VNP networks. The packets are carried according to H.323 specifications, that is to say the ITU standard forming the basis for data, audio, video and communications services over IP type networks
“VPN”
 
Virtual private network
“VSAT”
 
Very small aperture terminals, which are two-way satellite ground stations used to transmit data
“WBA”
 
Wholesale broadband access
“WiMax”
 
Worldwide interoperability for microwave access communication standard
“WLL”
 
Wireless local loop
“WLR”
 
Wholesale line rental
“xDSL”
 
All types of DSL
 


3

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘20-F’ Filing    Date    Other Filings
Filed on:3/14/196-K,  IRANNOTICE
For Period end:12/31/18
5/6/13
 List all Filings 


1 Subsequent Filing that References this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/15/21  VEON Ltd.                         20-F       12/31/20  149:25M
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