M Noord Onverwacht Zuid Oost Zanderij Carolina Bigi Poika Stuwdam
1945 Merger of s Lands Radiodienst (State Radio Service) and s Lands Telefoonwezen (State Telephone Company) into s Lands Telegraaf en Telefoondienst (LTT-dienst, State Telegraph and Telephone Service). 1948 Installation of the first automatic home telephone exchanges. 1952 Putting into operation of the first automatic exchange. 1955 Introduction of the first public telephones with 10 cent coin slots. 1971 Putting into operation of the telex exchange at Keizerstraat. 1973 Transformation of s Lands Telegraaf en Telefoondienst (LTT-dienst, State Telegraph and Telephone Service) into s Lands Telegraaf en Telefoonbedrijf (LTT-bedrijf, State Telegraph and Telephone Company). 1976 Putting into operation of the international telephone exchange at Keizerstraat. 1978 Putting into operation of the public mobile phone network. Transformation of s Lands Telegraaf en Telefoonbedrijf (LTT-bedrijf, State Telegraph and Telephone Company) 1981 into a new legal entity: Sui Generis, the Telecommunicatiebedrijf Suriname, Telesur (the Telecommunication Company Suriname). 1986 The broadcasting project of Telesur starts with television broadcasts. 1991 The broadcasting project of Telesur is transformed into AlgemeneTelevisieVerzorging, ATV (General Television Service). Change from telephone numbers from five to six digits on the landline phone service. Recognition of the Telecommunicatie Opleidings- en Onderzoekscentrum (TOC, Telecommunications Training 1993 and Research Center) as a regional training center and inauguration of the cellular telephone exchange and teleport of Paramaribo, an Intelsat Business Service. 1994 Commencement of operation of the glass fiber cable network in Paramaribo and Suriname through Telesur on the internet 1996 Introduction of fixed DATA services. 1997 Introduction of Telesur X.25 packet switching technology. 1998 Introduction of the Telesur Telephone Card and introduction of Fixed Radio Access (FRA) 1999 Introduction of Prepaid Mobile Service (TDMA cellular) 2000 Introduction of ISDN (data network). Connection of Suriname to the Americas-II international glass fiber sea cable system 2002 Introduction of Global System for Mobile Communications (GSM) under the product name of TeleG. 2004 Launch of corporate website www.telesur.sr 2006 Introduction of the new Telesur slogan: Telesur keeping us in touch! Drs. Dirk Currie installed as the new CEO of Telesur. Introduction of the new house style under the name The new identity of an old friend 2007 Passing of the Act on Telecommunications Provisions. This ends the monopoly position of Telesur. Signing of the interconnection agreement between Telesur and other telecom companies in Suriname. 2008 Hosting by Telesur of the Annual General Meeting (AGM) of the CANTO. Launch of Telesur Mobiel Nederland (Telesur Mobile the Netherlands) and unlimited calling. Signing of the agreement Suriname Guyana - Submarine Cable System (SG-SCS) by Telesur, Guyana Telecommunication & Telegraph Company, GT&T and Global Marine Systems Ltd. 2009 Inauguration of Wireless Fixed Telephony in Suriname. 2010 Launch of the Blackberry Service of Telesur Commercial launch of the SG-SCS sea cable system 2011 Launch of the Telesur Multimedia Innovation Laboratory (TMIL) Hosting by Telesur of CANTO Conference and Trade Exhibition Election of Telesur CEO Dirk Currie as president of CANTO Launch Community Hub as permanent gift to the District of Coronie because of the SG-SCS sea cable 2012 Launch 3rd Generation Mobile Network (3G Services) 2012 Launch Tele.I.C. (Telesur Internet Calling) 2013 Launch 4rd Generation Mobile Network (4G Services) Telesur CEO Dirk Currie reelected as president of CANTO Construction and afterwards opening of the Telesur Telecommunications Museum located at Nieuw Amsterdam, Commewijne
Income Statement 2013 2012 2011 2010 2009 SRD. 1000 Net Revenues 371,655 362,973 385,740 291,291 276,612 Expenses 350,112 333,111 330,812 255,849 248,717 Operating Result 21,543 29,862 54,928 35,442 27,894 Income Before Tax 32,077 45,515 37,536 26,688 41,416 Net Income 20,530 29,357 24,023 17,080 26,506 Statement of Financial Position Statement of Financial Position Total 960,101 903,262 899,711 799,685 805,420 Fixed Assets 567,338 541,062 555,903 468,321 417,904 Current Assets 392,762 362,200 343,808 331,364 387,516 Shareholders Equity 690,519 670,390 653,444 551,995 548,418 Provisions and Liabilities 269,581 232,872 246,265 247,689 257,002 Financing Ratios In percentages Shareholders Equity / Liabilities 256.1% 287.9% 265.3% 222.8% 231.3% Shareholders Equity / Total Assets 71.9% 74.2% 72.6% 69% 68.1% Cash at bank and in hand + Accounts Receivable / Current Liabilities Profitability Ratios 206% 216.4% 172.9% 148.6% 174.3% Net Income / Shareholders Equity 3% 4.4% 3.7% 3.1% 4.8% Net Income / Total Operating Capital 2.6% 3.9% 3.7% 2.9% 3.3% Operating Result / Net Revenues 5.8% 8.2% 14.2% 12.2% 10.1% Net Income / Net Revenues 5.5% 8.1% 6.2% 5.9% 9.6% Workforce Numbers Number of Employees (at year-end) 798 803 824 850 889
2013 2012 SRD. 1 Assets Tangible fixed assets Land and buildings 56,770,841 45,542,331 Exchanges and stations 104,992,044 106,426,112 Cable networks and microwave links 278,030,907 292,732,840 Subscriber equipment 5,680,486 8,454,118 Transportation means 6,123,285 2,896,036 Other fixed assets 32,568,568 27,513,239 Investments in progress 70,849,197 42,508,079 555,015,328 526,072,755 Financial assets 12,323,142 12,388,604 Current assets Stock 29,648,002 21,757,622 Receivables 119,645,422 109,034,894 Cash at bank and in hand 243,468,699 231,407,774 392,762,123 362,200,290 960,100,593 900,661,649 Shareholders equity and liabilities Equity Capital 93,349,826 93,349,826 General reserve 485,549,867 456,592,806 Net income for the year 20,529,528 29,357,061 Conversion balance 91,090,232 91,090,232 690,519,453 670,389,925 Provisions 92,567,049 74,725,674 Long-term liabilities 819,458 819,458 Current liabilities 176,194,633 154,726,592 960,100,593 900,661,649
Revenues 2013 2012 SRD. 1 Regulated services 357,015,464 356,538,104 Non-regulated services 118,573,533 105,075,263 ATV proceeds 3,549,348 3,186,089 Other operating revenue 4,768,062 7,521,712 483,906,407 472,321,168 Less: Sales and Marketing costs -112,251,428-109,348,766 371,654,979 362,972,402 Costs Personnel costs 89,186,039 82,761,100 Costs of infrastructure communication 51,938,910 43,375,553 General costs 86,703,461 76,928,709 Allocation/ (release) provisions 24,419,301 35,985,053 Depreciation tangible fixed assets 96,736,136 93,048,888 ATV Costs* 1,128,533 1,011,348 350,112,380 333,110,651 Operating result 21,542,599 29,861,751 Financial income (and expenditure) Interest income /(expenditure) 8,737,570 6,123,364 Exchange rate profit /(loss) -6,004,369-1,949,187 2,733,201 4,174,177 24,275,800 34,035,928 Other income (and expenditure) 7,801,589 10,846,602 32,077,389 44,882,530 Dividends received - 632,242 Profit before taxes 32,077,389 45,514,772 Less: income tax -11,547,861-16,157,711 Net income 20,529,528 29,357,061
Cash flow from operational activities 2013 2012 SRD 1 Operating Result 21,542,599 29,861,751 Adjustments for: Depreciation 96,736,136 93,048,888 Provisions 17,841,375 9,361,177 Interest income (and expenditure) 8,737,570 6,123,364 Income tax -11,547,861-16,157,711 Received dividend - 632,242 Other income (and expenditure) 7,801,589 10,846,602 Exchange rate profit / (loss) -6,004,369-1,949,188 135,107,039 131,767,125 Movements in the working capital: Stock -7,890,380 10,748,420 Receivables -10,610,528 30,107,762 Current liabilities 21,468,041-22,755,178 2,967,133 18,101,004 138,074,172 149,868,129 Cash flow from investment activities: Investments tangible fixed assets -125,698,044-73,435,873 Disinvestments 19,335 121,064 Increase / Decrease financial fixed assets 65,462-4,893,054-125,613,247-78,207,863 Cash flow from financing activities: Profit sharing -400,000-12,411,502 Decrease / Increase cash at bank and in hand 12,060,925 59,248,764 Cash opening fiscal year 231,407,774 172,159,010 Cash closing fiscal year 243,468,699 231,407,774
Land and Buildings Exchanges and Stations Cable Networks and Microwave Links Subscriber Vehicles Equipment x SRD 1 1/1/2013 Other Fixed Assets Investments Total in Progress Acquisition value 65,475,146 765,147,998 743,196,049 56,444,495 32,347,422 145,568,898 42,508,079 1,850,688,087 Accumulated depreciation -19,932,815-658,721,886-450,463,209-47,990,377-29,451,386-118,055,659 - -1,324,615,332 Book value 45,542,331 106,426,112 292,732,840 8,454,118 2,896,036 27,513,239 42,508,079 526,072,755 2013 Movements Investments / transfers 13,913,408 41,342,960 17,131,760 1,428,393 6,268,533 17,271,872 28,341,118 125,698,044 Depreciation -2,684,898-42,777,028-31,833,693-4,202,025-3,021,949-12,216,543 - -96,736,136 Disinvestment acquisition value - - - - -3,798,763-2,055 - -3,800,818 Depreciation disinvestment - - - - 3,779,428 2,055-3,781,483 Total 11,228,510-1,434,068-14,701,933-2,773,632 3,227,249 5,055,329 28,341,118 28,942,574 31/12/2013 Acquisition value 79,388,554 806,490,958 760,327,809 57,872,888 34,817,195 162,838,715 70,849,197 1,972,585,315 Accumulated depreciation -22,617,713-701,498,914-482,296,902-52,192,402-28,693,910-130,270,147 - -1,417,569,987 Book value 56,770,841 104,992,044 278,030,907 5,680,486 6,123,285 32,568,568 70,849,197 555,015,328 Depreciation percentage 0-20% 15-33⅓% 4-10% 10-25% 33⅓% 10-33⅓%
Equity Capital 2013 2012 x SRD 1 Capital 93.349.826 93.349.826 General Reserve 485.549.867 456.592.806 Net Income Current Year 20.529.528 29.357.061 Conversion Balance 91.090.232 91.090.232 Equity Capital as at December 31 st 690.519.453 670.389.925