Dr. Vladimir Nikolikj

Total Page:16

File Type:pdf, Size:1020Kb

Dr. Vladimir Nikolikj Dr. Vladimir Nikolikj BROAD-MINDED & EXPERIENCED EXECUTIVE FOR SUSTANIABLE PROFIT OPERATIONS Demonstrated 17 years history in Successful Business Development from Scratch, Maximizing Revenues and Cost Control Enforcement Cultivating ties with Customers, Channels, Communities, Regulators, Boards, Peers, Employees Earned reputation as skilled negotiator and win-win situation creator Areas of Expertise Business Development Leadership Development Product Development Strategic Planning Telecommunications Marketing Campaigns Greenfield Expansion Operations Management Sales Strategy & Operations Wholesale Customer Engagement Budgeting Regulatory & Compliance Risk Mitigation Industry Experience Jul’2016-present Lycamobile DOOEL Skopje| Lyca Group of Companies General Manager, Head of Sales&Marketing – Lycamobile Macedonia Balkans Region Director Reporting to the Lyca Group Board at London’s HQ Ensuring delivery across the Balkan countries by being responsible for: - Setting up companies as FULL MVNO, Developing Sales Strategy, Professional Channel & Master Distribution establishment and growing, execution of Marketing Activities and Campaigns - P&L and Budgeting - Managing Corporate Relations - Representing company and coordinate relations with Governmental bodies - Building and managing the Key Account, Direct Sales, Customer Service, HR, Logistics teams - Directly accountable for leading and managing the overall Macedonian operation Achievements in 3,5 years from the start of the Macedonian operations: - Started 3 offices in the country with hiring of 80 employees - Full creation of sales channels and distribution networks - Organized 3 national marketing campaigns - Ensured effective positioning of the Company’s brand - Company established as recognizable factor in the society - Achieved progressive and competitive product portfolio - 60,000 active mobile customers (7% prepaid market share) Next countries in the Balkan region to be launched and developed as greenfield operations under my management and supervision as Director of Balkans Region: - Serbia, Q2/20 - Bulgaria, Croatia, Albania – Q4/20 - Slovenia and Kosovo – Q1/21 Curriculum Vitae of Vladimir Nikolikj ─ +389.77.770.050 ─ [email protected] 2007-Jun’2016 one.Vip DOO Skopje| Telekom Austria Group Vip operator DOOEL Skopje| Telekom Austria Group Director of Wholesale and Regulatory Department Member of Cluster (Croatia and Macedonia) Management and Strategy Teams Member of Group Executive Talent Pool Member of Telekom Austria Group Wholesale Strategy Team Member of M&A Integration Team of TAG Leader of MVNO Integration Project Leader of the International MNP Project Reporting to CEO Key Achievements: - Key role in the development and execution of commercial and regulatory strategy of the company from the ground up - Representing company’s position in front of the regulatory and competition bodies - Building Regulatory and Wholesale department (10+ employees) - Managing departments annual budget being 30% of the overall budget - Recognizable contribution in Vip’s growth to “No. 1” operator on the mobile market - Key role in the M&A process and negotiation in the merge between 2nd and 3rd MNO - Key role in the renegotiation national roaming commercial conditions - Introducing the international voice transit business, annual revenues > 2.5 mil € - Obtaining the 20 years LTE License for only 300,000 € on top of the initial offer - Acknowledged with “Best Manager Award 2010” 2003-2007 Makedonski Telekom AD | Deutsche Telekom AG Senior Manager for Regulatory Strategy & Interconnection Leader of Interconnection and Unbundling Liberalization Project 2003 Cosmofon DOO | OTE (One | Telekom Slovenie) Radio Access Network Roll-out Specialist 2003 National Payment Card AD | Ministry of Finance Business Developer Academic Experience Jan’2018-present European University Skopje Faculty of Informatics Assistant Professor Courses: Computer Networks, Mobile and Wireless Communications Jul’2017-present Ss. Cyril & Methodius University Skopje Faculty of Electrical Engineering and Information Technologies Visiting Lecturer Courses: Business Management in Telecommunications, Strategic Planning for the Telecom and Internet Innovations Curriculum Vitae of Vladimir Nikolikj ─ +389.77.770.050 ─ [email protected] Education Ss. Cyril&Methodius University, Faculty of Electrical Engineering and Information Technologies, Skopje, Macedonia: 2009-2016 Doctor of Philosophy in Technical Sciences (5G Mobile Cost-Effectiveness) 2003-2007 Master of Science in Electrical Engineering 1998-2003 Bachelor in Electrical Engineering Institut Universitaire Kurt Bösch, Sion, Switzerland: 2007-2009 Master in Business Administration (MBA General Course) Leadership Academy of Telekom Austria Group as Member of Executive Talent Pool, Vienna, Austria: 2011-2014 ESADE - Executive Education, Business School, Barcelona, Spain Strategy Growth & Business Model Innovation Module Executive Academy of Vienna University of Economics, Vienna, Austria Business Leadership Module Bocconi University, Management Department, Milan, Italy Strategy & Innovation Module Jopp & Wilkens - Management Consulting GMBH, Königstein im Taunus, Germany Problem Solving & Decision Making Module Key trainings - The 7 Habits of Highly Effective People - Franklin Covey Certified Program, Gentis Ltd. Training Centre for Org. and Personal Development, Zagreb, Croatia - Execution and Extraordinary Productivity - Franklin Covey Certified Program, Franklin Covey, Austria, Vienna Personal Skills and Competences I own excellent communications, networking, analytical and negotiation skills. As a leader, I make it easy for others to follow. I always put accent on inspiring people in my team and people around by practicing the principle “leading by example”. By creation of clear vision, I persistently drive my team to achieve the goals via creativity, dedication, and assertiveness. Being within telecommunication industry during the last 17 years, I am confident in my ability to run companies in the same or other industries as a top executive by achieving the company’s best financial interests. Computer skills - MS Office, Visio, Project, Matlab, SAP Miscellaneous - Author or co-author of more than 20 published academic papers and book chapters - Invited Panelist at the Data-Driven Business Samite, ‘’Panel Discussion - Making sense of heterogeneous data’’, September 2018, Skopje, Macedonia - Panelist at the International Regulatory Conference "Future of 5G in Macedonia”, May 2017, Ohrid, Macedonia - Interview "Think Regionally act Locally" for the Global Telecoms Business - International Carrier Guide 2012 - Panelist at the 10th Edition of "SEETelecoms Forum - Strategies and Solutions: Meeting consumer demand and market trends”, January 2013, Belgrade, Serbia Panel Discussion: The role of business development in developing the telecom market sustainably Curriculum Vitae of Vladimir Nikolikj ─ +389.77.770.050 ─ [email protected] - Panelist at the 11th International Conference ETAI 2013, Ohrid, Macedonia. Panel Discussion: The Future of the Macedonian EC Market - Member of IEEE - Member Lions Club Center, Skopje Languages - English, Serbian, Croatian, Bulgarian (fluent) - German (moderate in understanding and speaking) - Slovenian (moderate in understanding and speaking) Personal Date / Place of birth 16.01.1980 / Veles, Macedonia Nationality Macedonian Marital Status Married, 1 child Curriculum Vitae of Vladimir Nikolikj ─ +389.77.770.050 ─ [email protected] .
Recommended publications
  • Annual Report 2009
    The 2009 fi nancial year. Toward the new Deutsche Telekom. II Selected fi nancial data of the Deutsche Telekom Group. billions of € Change compared to prior year (%) a 2009 2008 2007 2006 2005 Revenue and earnings Net revenue 4.8 64.6 61.7 62.5 61.3 59.6 Of which: domestic (%) (3.4) 43.4 46.8 49.1 52.9 57.4 Of which: international (%) 3.4 56.6 53.2 50.9 47.1 42.6 Profit from operations (EBIT) (14.6) 6.0 7.0 5.3 5.3 7.6 Net profit (76.2) 0.4 1.5 0.6 3.2 5.6 Net profit (adjusted for special factors) (1.1) 3.4 3.4 3.0 3.9 4.7 EBITDA a, b, c 10.5 19.9 18.0 16.9 16.3 20.1 EBITDA (adjusted for special factors) a, b, c 6.2 20.7 19.5 19.3 19.4 20.7 EBITDA margin (adjusted for special factors) (%) a 0.4 32.0 31.6 30.9 31.7 34.8 Statement of financial position Total assets 3.8 127.8 123.1 120.7 130.2 128.5 Shareholders’ equity (2.7) 41.9 43.1 45.2 49.7 48.6 Equity ratio (%) a, d (2.1) 30.2 32.3 34.7 35.8 35.5 Net debt a, c 7.2 40.9 38.2 37.2 39.6 38.6 Cash capex (5.7) (9.2) (8.7) (8.0) (11.8) (9.3) Cash flows Net cash from operating activities e 2.8 15.8 15.4 13.7 14.2 15.1 Free cash flow (before dividend payments) a, c, f, g (0.9) 7.0 7.0 6.6 3.0 6.2 Net cash used in investing activities e 24.0 (8.6) (11.4) (8.1) (14.3) (10.1) Net cash used in financing activities (65.4) (5.1) (3.1) (6.1) (2.1) (8.0) Employees Average number of employees (full-time equivalents, without trainees/student interns) (thousands) 9.7 258 235 244 248 244 Revenue per employee (thousands of €) a (4.5) 250.8 262.5 256.5 246.9 244.3 T-Share – key figures Earnings per share/ADS (basic and diluted) in accordance with IFRS (€) h (76.5) 0.08 0.34 0.13 0.74 1.31 Dividend per share/ADS (€) 0.0 0.78 i 0.78 0.78 0.72 0.72 Total dividend (billions of €) 0.0 3.4 i 3.4 3.4 3.1 3.0 Total number of ordinary shares at the reporting date (millions) j 0.0 4,361 4,361 4,361 4,361 4,198 a Calculated on the basis of millions for greater precision.
    [Show full text]
  • A Key Element of the Switching Costs in Mobile Telephony in the Republic of Macedonia
    Journal of Electrical Engineering and Information Technologies, Vol. 1, No. 1–2, pp. 83–91 (2016) 130 In print: ISSN 2545–4250 Received: October 23, 2016 On line: ISSN 2545–4269 Accepted: November 25, 2016 UDC:654.165.03:338.46]:519.862 Original scientific paper CONSUMER’S “LOCK-IN” – A KEY ELEMENT OF THE SWITCHING COSTS IN MOBILE TELEPHONY IN THE REPUBLIC OF MACEDONIA Slavica Nasteska 1, Liljana Gavrilovska 2 1Agency for Electronic Communications, Kej “Dimitar Vlahov” 21, 1000 Skopje, Republic of Macedonia 2Faculty of Electrical Engineering and Information Technologies, "Ss. Cyril and Methodius" University in Skopje, Rugjer Boškovi ć bb, P.O. box 574, 1001 Skopje, Republic of Macedonia [email protected] A b s t r a c t: This paper presents the calculation of the switching costs based on the previously developed model providing analysis for the mobile telephony market in the Republic of Macedonia for period from 2005 to 2015. Based on an administered questionnaire to various customers of the mobile telecommunication industry in the country, we find that the so called “Lock-in“ affects the switching costs, being in close relation to the market competition. The analysis shows different stages of the competition on the mobile market and proposes some appropriate regulatory tasks. Key words: switching costs empirical model; regulation; consumer behavior; loyalty; competition „ЗАКЛУЧУВАЊЕ “ ОД КОРИСНИЦИТЕ – КЛУЧЕН ЕЛЕМЕНТ ВО ТРОШОЦИТЕ ЗА ПРОМЕНА НА МОБИЛЕН ОПЕРАТОР ВО РЕПУБЛИКА МАКЕДОНИЈА А п с т р а к т: Во овој труд се презентира претходно развиен модел за пресметка на трошоците за промена на оператор , надграден со анализа на пазарот за мобилна телефонија во Република Македонија во периодот од 2005 до 2015 година .
    [Show full text]
  • The New Magyar Telekom. an Experience of Community. Magyar Telekom Annual Report 2009 Magyar Telekom Annual 2009 Report an Experience of Community
    The new Magyar Telekom. An experience of community. Magyar Telekom Group: financial highlights Magyar Telekom annual report 2009 2008 2009 Change (HUF million) (HUF million) (%) Total revenues 673,056 643,989 (4.3) EBITDA* 268,378 249,053 (7.2) Operating profit 162,258 147,133 (9.3) Profit attributable to the owners of the Company 93,008 77,618 (16.5) Number of employees (closing full equivalent) 10,439 10,828 3.7 Weighted average number of common stock outstanding (million) 1,041 1,041 0.0 Basic earnings per share (HUF) 89.32 74.54 (16.5) Total assets 1,166,543 1,166,377 0.0 Non current financial liabilities 266,136 293,219 10.2 Total Equity of the owners of the parent 533,946 538,480 0.8 Net debt 254,332 269,429 5.9 Net debt / net debt + total capital 29.9% 30.8% n.a. Total investments in Property, Plant and Equipment 107,949 101,864 (5.6) (PPE) and intangible assets EBITDA margin 39.9% 38.7% n.a. Operating margin 24.1% 22.8% n.a. Net income margin 13.8% 12.1% n.a. Capex to Sales 16.0% 15.8% n.a. ROA 8.1% 6.7% n.a. ROE 17.8% 14.5% n.a. HUF/EUR (year-end) 264.78 270.84 2.3 annual report 2009 annual HUF/EUR (average) 251.25 280.58 11.7 HUF/USD (year-end) 187.91 188.07 0.1 HUF/USD (average) 171.80 202.26 17.7 * EBITDA — Earnings before net financial expenses, taxes, depreciation and amortization.
    [Show full text]
  • The Digital Dividend in Serbia Report by Europe Economics
    The Digital Dividend in Serbia Report by Europe Economics Volume 2: Other Country Summaries Europe Economics Chancery House 53-64 Chancery Lane London WC2A 1QU Tel: (+44) (0) 20 7831 4717 Fax: (+44) (0) 20 7831 4515 www.europe-economics.com 23 June 2010 This Volume is an adjunct to our main report, dated 23 June 2010, which values the Digital Dividend in Serbia. Here we merely reproduce, without comment, research by Cullen International and by Europe Economics (for ComReg in Ireland) concerning other jurisdictions during the last two years. TABLE OF CONTENTS 1 SUMMARIES FROM THE CULLEN REPORT (2009) ............................... 1 Croatia ................................................................................................................................................1 The Former Yugoslav Republic of Macedonia (FYROM) ............................................................8 Turkey.............................................................................................................................................. 15 Albania............................................................................................................................................. 23 Bosnia and Herzegovina............................................................................................................... 31 Montenegro..................................................................................................................................... 37 Kosovo ...........................................................................................................................................
    [Show full text]
  • Deutsche Telekom Ag, Deutsche Telekom
    Debt Issuance Programme Prospectus Dated 24 April 2009 This document constitutes two prospectuses: (i) the prospectus of Deutsche Telekom AG in respect of non-equity securities within the meaning of Art. 22 No. 6 (4) of the Commission Regulation (EC) No. 809/2004 of 29 April 2004 ("Non-Equity Securities") and (ii) the prospectus of Deutsche Telekom International Finance B.V. in respect of Non-Equity Securities (together, the "Prospectus"). Deutsche Telekom AG Bonn, Federal Republic of Germany as Issuer and as Guarantor for Notes issued by Deutsche Telekom International Finance B.V. a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of The Netherlands and having its corporate seat in Amsterdam, The Netherlands as Issuer EUR 25,000,000,000 Debt Issuance Programme Application has been made to the Luxembourg Commission de Surveillance du Secteur Financier (the "CSSF"), which is the Luxembourg competent authority for the purpose of Directive 2003/71/EC (the "Prospectus Directive") for its approval of this Prospectus. Application has been made to the Luxembourg Stock Exchange for Notes issued under the Programme (the "Programme") to be admitted to trading on the Luxembourg Stock Exchange's regulated market and to be listed on the official list of the Luxembourg Stock Exchange. Notes issued under the Programme may also be listed on an alternative stock exchange or may not be listed at all. Each Issuer has requested the CSSF to provide the competent authorities in the Federal Republic of Germany, the United Kingdom of Great Britain and Northern Ireland, the Republic of Ireland and the Republic of Austria, with a certificate of approval attesting that the Prospectus has been drawn up in accordance with the Loi relative aux prospectus pour valeurs mobilières which implements Directive 2003/71/EC of the European Parliament and the Council of 4 November 2003 into Luxembourg law ("Notification").
    [Show full text]
  • Financial Report Makedonski Telekom AD 2009.Pdf
    Information...Communication...Entertainment We enrich customer’s life with memorable experiences Annual report 2009 Makedonski Telekom AD – Skopje T-Mobile Makedonija Connected Life and Work Information and communication technology increasingly shaping both our private and professional life With their headquarters in Skopje, Makedonski Telekom and T-Mobile Macedonia constitute the leading provider of telecommunications products and services, delivering on retail and business needs, as well as ensuring specialized services for corporations, government entities and smaller enterprises. Employing nearly 2000 people, the Com- pany is one of the greatest employers in the country, with a widespread network for a direct offer of services to the customers in 35 towns throughout Macedonia. The Com- panies’ major shareholder is the telecommunication provider of a worldwide reputation, Deutsche Telekom AG, Germany. As leading national operators in the segments of fixed telephony, broadband services and mobile telephony, as well as recently in the TV business, Makedonski Telekom and T-Mobile offer a wide spectrum of modern telecommunications and IT services. By providing high quality and innovative services in all areas of their operation, the com- panies have a key role in the modernization and advancement of the telecommunica- tions market in the country. By offering customized products and services, the Companies promote personal and social networking among people. At the same time, both Companies contribute in the strengthening of information society and creating a better future for the generations to come. Breaking news in 2009!!! 2 3 One of the most successful years of Makedonski Telekom and T-Mobile MK Holders of the largest market share The most powerful companies on the Macedonian market according Top 200 Macedonia (an annual economic edition) Handled more than new 11.000.000 customer employments requests and inquires through the different CS channels: IVR, The BEST telephone, e-mail, telecommunication direct contact, etc.
    [Show full text]
  • Network Effect – a Key Element for Switching the Provider of Mobile Communications in the Republic of Macedonia
    7th International Conference on Information Society and Technology ICIST 2017 Network effect – a key element for switching the provider of mobile communications in the Republic of Macedonia Slavica Nasteska*, Liljana Gavrilovska** *Agency for electronic communications, Macedonia ** Faculty of Electrical Engineering and Information Technologies, Ss Cyril and Methodius University in Skopje, Macedonia {[email protected], [email protected]} Abstract — This paper presents the analysis of mobile more valuable when more people use it. Network effect market’s competition developments in the Republic of increases the value of customer’s subscription as the Macedonia for period from 2005 to 2015 from the number of existing customers grows. consumer’s perspective. The calculated results, based on the previously developed empirical model, are compared with the Many authors have studied switching costs and network outputs from an administered questionnaire, which was effects on mobile market in different countries, using distributed to consumers of all existing mobile operators. The researh focuses on the impact of the so called „Network adjusted customer surveys, with no measurement of effect“ on switching costs, but also, on switching at all and its switching costs directly. This paper relies on the empirical relation to the market competition. The analysis locates research developed by Shy [1] that offers a model to switching barriers, and points out switching procedures’ precisely calculate the switching costs only through the weak points. The results impact appropriate regulatory observed prices and market share. The empirical model is activities. presented in Section II. It is then tested on the actual data for the mobile market in Republic of Macedonia for period Keywords — Competition, Network effect, Switching 2005-2015, when different stages on the market are easily costs, Consumer behavior, Regulation recognized.
    [Show full text]
  • Form-20-F-2009
    As filed with the Securities and Exchange Commission on February 25, 2010 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Form 20-F x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2009 Commission file number 001-14540 Deutsche Telekom AG (Exact Name of Registrant as Specified in its Charter) Federal Republic of Germany (Jurisdiction of Incorporation or Organization) Friedrich-Ebert-Allee 140, 53113 Bonn, Germany (Address of Registrant’s Principal Executive Offices) Dr. Guillaume Maisondieu Deutsche Telekom AG Friedrich-Ebert-Allee 140, 53113 Bonn, Germany +49-228-181-0 [email protected] (Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person) Securities registered or to be registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered American Depositary Shares, each representing New York Stock Exchange one Ordinary Share Ordinary Shares, no par value New York Stock Exchange* Securities registered or to be registered pursuant to Section 12(g) of the Act: NONE (Title of Class) Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: NONE (Title of Class) Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report: Ordinary Shares, no par value: 4,361,319,993 (as of December 31, 2009) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
    [Show full text]
  • CIRRICULUM VITAE Nikola Ljushev
    CIRRICULUM VITAE Nikola Ljushev Home Address Date of Birth: 19.04.1973 Voj.Vasil Chakalarov br.1-1/22 Marital status: Married, 2 children 1000 Skopje Mobile: +389 70300007 Macedonia Private e-mail: [email protected] PROFESSIONAL ACCOMPLISHMENTS SUMMARY: “From Zero To Hero” in only eight years (y.2007-2015) – as a CEO & CTO of VIP OPERATOR (now A1 Macedonia), led the business from absolute zero to sustainable and profitable operations, grew the company to become a market leader in mobile with 52% (y.2015) and move forward from mobile-only arena to fix-mobile convergence: o In the first 4 years VIP OPERATOR intensely grew and in Q3 2011 managed to surpass the second largest mobile operator in Macedonia o Led the initiative and negotiations for in-market consolidation with ONE owned by Telekom Slovenije in 2013-2014, effectively closing the whole transaction in Oct’15 by fulfilling all necessary legal and competition protection requirements enforced by Authorities; o From mobile-only to full-fledged fix-mobile convergent operator via systematic acquisition plan, starting with the largest cable network operator- blizoo Macedonia in 2014, and then 8 smaller local cable operators in 2015. Two times awarded by the Global Telecom Business magazine, headquartered in London, as one of the top Forty-Under-Forty leaders in telecom industry- y.2010 & 2011 BUSINESS SKILLS: Proficient in developing and setting strategic vision and mission, activity planning, objectives & KPI targets, business planning process taking into account current market dynamics, customers’ expectations, technology developments, product trends and competitive posture, product evolution, competitive positioning and cost economics.
    [Show full text]
  • 2008 Annual Report (Pdf, 2.3
    Connected life and work. The future, today. The 2008 fi nancial year. Life is for sharing. Selected fi nancial data of II the Deutsche Telekom Group. billions of € Change compared to prior year (%) a 2008 2007 2006 2005 2004 Revenue and earnings Net revenue (1.4) 61.7 62.5 61.3 59.6 57.3 Of which: domestic (%) (2.3) 46.8 49.1 52.9 57.4 60.6 Of which: international (%) 2.3 53.2 50.9 47.1 42.6 39.4 Profit from operations (EBIT) 33.2 7.0 5.3 5.3 7.6 6.3 Net profit n.a. 1.5 0.6 3.2 5.6 1.6 Net profit (adjusted for special factors) 14.0 3.4 3.0 3.9 4.7 3.7 EBITDA a, b, c 6.6 18.0 16.9 16.3 20.1 19.4 EBITDA (adjusted for special factors) a, b, c 0.7 19.5 19.3 19.4 20.7 19.6 EBITDA margin (adjusted for special factors) (%) a 0.7 31.6 30.9 31.7 34.8 34.2 Balance sheet Total assets 2.0 123.1 120.7 130.2 128.5 125.5 Shareholders’ equity (4.7) 43.1 45.2 49.7 48.6 45.5 Equity ratio (%) a, d (2.4) 32.3 34.7 35.8 35.5 34.2 Financial liabilities (in accordance with consolidated balance sheet) 8.6 46.6 42.9 46.5 46.7 51.1 Net debt a, c 2.5 38.2 37.2 39.6 38.6 39.9 Additions to intangible assets (including goodwill) and property, plant and equipment 11.5 10.1 9.1 13.4 11.1 6.6 Cash flows Net cash from operating activities e 12.1 15.4 13.7 14.2 15.1 16.7 Cash outflows for investments in intangible assets (excluding goodwill) and property, plant and equipment (in accordance with cash flow statement) (8.6) (8.7) (8.0) (11.8) (9.3) (6.4) Proceeds from disposal of intangible assets (excluding goodwill) and property, plant and equipment (in accordance with cash
    [Show full text]