imagine

A NNUA L R E P ORT
07
...a world of non-stop
excitement, channels & choices
stimulating talent inspiring content
over 20 unique, multi-genre,
multi-lingual TV channels and growing
for Asias multi-faceted, fast-growing
and increasingly sophisticated audience
TRANSCENDING
lifestyles...
Over 24,000 hours of original
programming and 1,700 hours of
in-house productions. Award-winning
shows, innovative services and new
products. Because our customers
deserve the best.
cartoons
drama
comedy
action
platforms...
publications
new media
mobile
More than RM5 billion invested in media
infrastructure and content since the inception of Astro.
Enabling customers to access our growing range
of services - whenever and wherever they are.
& borders
Bringing our experience, expertise and balance sheet
strength to complementary markets in Asia.
Working with regional partners to reach new customers.
2 ASTRO ALL ASI A NETWORKS pl c
Inside
Letter from the Chairman 4 Key Performance Indicators 6 Accolades 10 Calendar Highlights 12
Board of Directors 14 Board of Directors Proles 16 Group Management 18 The Year In Review 24
Risk Factors 29 Our Businesses 32 Corporate Social Responsibility 54 Our Staff 56
Corporate Governance Statement 58 Audit Committee Report 62 Statement on Internal Control 64
LEVERAGING
Television
our brands
Radio
ASTRO ALL ASI A NETWORKS pl c 3
Malay Filmed
Entertainment
Talent
Management Animation
Directors Report and Audited Statutory Financial Statements 66 Additional Disclosures 147
Share Price Performance 156 Financial Calendar 156 Analysis of Shareholdings 157
Corporate Information 163 Notice of Annual General Meeting 164 Statement Accompanying Notice
of Fourth Annual General Meeting 166 Form of Proxy Regional Ofces
Publications
TV Channels and
Global Content Distribution
DEAR SHAREHOLDERS
I am pleased to present the Annual Report 2007 for
ASTRO ALL ASIA NETWORKS plc or ASTRO as it will
be referred to in the rest of this Report.
Over the past year we continued to build on our core
competencies, with improved performance in our key
operating units. Our Astro pay-TV subscriber base
grew to 2.016 million residential subscribers as at
the end of the nancial year ended 31 January 2007.
Our radio networks in Malaysia remain market leaders
in terms of listenership and share of customers
advertising expenditure, with a weekly listenership of
about 11 million listeners.
We made signicant progress in our content
development efforts as we launched the Astro
Entertainment Network (AEN), a collection of over
20 TV channels with locally-packaged proprietary
content for broadcast on our Astro platforms in Asia.
These channels are the driver for both acquisition of
new customers and viewership among existing ones.
I am condent that we will benet from our increasing
knowledge and experience of producing and marketing
original content as we seek to develop business
opportunities in other Asian markets, including India,
China and Indonesia.
Progress has been made over the past year in
expanding our businesses into overseas markets
where we can leverage our core skills and capabilities.
In April 2007, we announced a joint-venture with the
Sun Group in India, one of the countrys leading media
groups. The planned Direct-To-Home (DTH) satellite
TV venture will allow us to participate in the fast-
growing Indian consumer market. In China, through
our alliance with local partners, we have launched an
airtime marketing venture, initially focusing on radio
syndication, with the possibility of expanding into other
media platforms across the country.
Within the region, we are working to formalise our
participation in the pay-TV business in Indonesia.
Progress has been slower and more difcult than we
had expected. Nonetheless, we remain committed
to this market. We currently produce ve channels
in Bahasa Indonesia using home-grown talent and
production teams, over and above procuring local and
international content from third parties.
Letter
4 ASTRO ALL ASI A NETWORKS pl c
ASTRO ALL ASI A NETWORKS pl c 123
30 COMMITMENTS (CONT D. )
(c) Operating lease commitments (non-cancellable)
The future aggregate minimum lease payments under non-cancellable operating leases are as follows:
2007 2006
RM000 RM000
Not later than 1 year 5,774 434
Later than 1 year and not more than 5 years 6,632 9,580
Later than 5 years 11,054 12,527
23,460 22,541

31 CONTINGENT LIABILITIES
The Group have provided guarantees to third parties amounting to RM33,367,000 (2006: RM27,216,000), of which RM30,986,000 was in respect of working
capital facilities secured by associates and RM2,381,000 in respect of licence fees in subsidiaries.
32 SIGNIFICANT POST BALANCE SHEET EVENTS
Participation in multi-channel digital satellite pay television in India
Subsequent to the year-end, the Group on 5 April 2007, has agreed to participate in a joint-venture for the provision of Direct-to-Home (DTH) digital satellite
television services in India, with Kalanithi Maran, Promoter and Chairman of Sun Network including the agship company Sun TV Network Limited and Kavery
Kalanithi, collectively referred to as the Maran Group. The proposal will be subject to approval of ASTROs shareholders and fullment of certain other mutually
agreed conditions.
Under the proposed transaction, South Asia Entertainment Holdings Limited, a wholly owned subsidiary within the Group, will invest up to USD166 million by
subscribing for new shares representing 20% of the enlarged capital of Sun Direct TV Private Limited (Sun Direct), a company incorporated in India with a license
to provide DTH television services across the country. The Maran Group will hold an 80% interest in Sun Direct.
33 SUBSIDIARIES
All of the subsidiaries have been included in the consolidated nancial statements. Details of principal subsidiaries are shown below:
Country of Class Effective interest
Name of subsidiary incorporation of shares 2007 2006 Principal activities
% %
Directly held by the Company
ASTRO Overseas Limited (AOL) Bermuda Ordinary 100 100 Investment holding
MEASAT Broadcast Network Systems Malaysia Ordinary 100 100 Providing Direct-to-Home satellite
Sdn. Bhd. (MBNS) broadcasting services
MEASAT Publications Sdn. Bhd. (MPUB) Malaysia Ordinary 100 100 Magazine publication and distribution
ASTRO Productions Sdn. Bhd. (APRD) Malaysia Ordinary 100 100 Production and distribution of
television drama programmes
ASTRO Shaw Sdn. Bhd. (ASSB) Malaysia Ordinary 100 100 Production and distribution of lms
MBNS Multimedia Technologies Sdn. Bhd. Malaysia Ordinary 100 100 Research and development of
multimedia related technologies
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 January 2007