Telkom Integrated Annual Report 2017

Condensed consolidated statement of profit or loss and other comprehensive income
for the year ended 31 March 2017

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	Notes		2017  Rm			Restated* 2016  Rm
Operating revenue	4		40 970			37 325
Payments to other operators	5.1		2 618			2 793
Cost of sales	5.2		6 498			5 011
Net operating revenue			31 854			29 521
Other income	4		734			1 281
Operating expenses			21 713			22 026
Employee expenses	5.3		10 562			12 165
Selling, general and administrative expenses	5.4		7 237			5 796
Service fees	5.5		2 869			2 965
Operating leases	5.6		1 045			1 100
EBITDA			10 875			8 776
Depreciation of property, plant and equipment	5.7		4 752			4 448
Amortisation of intangible assets	5.7		766			880
Write-offs, impairment and losses of property, plant and equipment and intangible assets	5.7		143			170
Operating profit			5 214			3 278
Investment income	4		219			203
Finance charges and fair value movements			888			622
Finance charges			618			521
Foreign exchange and fair value movements			270			101
Profit before taxation			4 545			2 859
Taxation expense	6		691			538
Profit for the year			3 854			2 321
Other comprehensive income
Items that will be reclassified subsequently to profit and loss
Exchange losses on translating foreign operations			(61)			(9)
Items that will not be reclassified to profit and loss
Defined benefit plan actuarial (losses)/gains			(30)			191
Defined benefit plan asset ceiling limitation			(6)			86
Other comprehensive (loss)/income for the year, net of taxation**			(97)			268
Total comprehensive income for the year			3 757			2 589
Profit attributable to:
Owners of Telkom			3 797			2 210
Non-controlling interest			57			111
Profit for the year			3 854			2 321
Total comprehensive income attributable to:
Owners of Telkom			3 700			2 478
Non-controlling interest			57			111
Total comprehensive income for the year			3 757			2 589
Basic earnings per share (cents)	7		738.8			432.4
Diluted earnings per share (cents)	7		724.1			425.8

* Refer to note 2.2 and note 2.3.

** No tax effect due to Telkom company’s limitation of deferred tax asset.