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05
Group financial statements
Notes to the condensed consolidated
annual financial statements
– continued
for the year ended 31 March 2017
2 Basis of preparation and
accounting policies
- continued
2.3 Adjustments to the condensed
consolidated provisional statement of
profit or loss and other comprehensive
income
for the year ended
31 March 2016
Group
As previously
reported
Rm
Telkom
restatement
Rm
BCX
restatement
Rm
Trudon IAS 8
disclosure
Rm
Restated
Rm
Operating revenue
37 325
–
–
–
37 325
Payments to other operators
2 793
–
–
–
2 793
Cost of sales
6 969
100
(2 047)
(11)
5 011
Net operating revenue
27 563
(100)
2 047
11
29 521
Other income
1 281
–
–
–
1 281
Operating expenses
20 083
(100)
1 968
75
22 026
Employee expenses
10 901
–
1 264
–
12 165
Selling, general and administrative
expenses
4 978
–
743
75
5 796
Service fees
3 106
(100)
(41)
–
2 965
Operating leases
1 098
–
2
–
1 100
EBITDA
8 761
–
79
(64)
8 776
Depreciation of property, plant and
equipment
4 370
–
79
(1)
4 448
Amortisation of intangible assets
902
–
–
(22)
880
Write-offs, impairment and losses of
property, plant and equipment and
intangible assets
170
–
–
–
170
Operating profit
3 319
–
–
(41)
3 278
Investment income
203
–
–
–
203
Finance charges and fair value
movements
622
–
–
–
622
Interest
521
–
–
–
521
Foreign exchange and fair value
movements
101
–
–
–
101
Profit before taxation
2 900
–
–
(41)
2 859
Taxation expense
524
–
–
14
538
Profit for the year
2 376
–
–
(55)
2 321
Other comprehensive income
Items that will be reclassified
subsequently to profit or loss
Exchange losses on translating foreign
operations
(9)
–
–
–
(9)
Items that will not be reclassified to
profit or loss
Defined benefit plan actuarial losses
191
–
–
–
191
Defined benefit plan asset ceiling
limitation
86
–
–
–
86
Other comprehensive income for the
year, net of taxation
268
–
–
–
268
Total comprehensive income for the year
2 644
–
–
(55)
2 589
Total operations
Basic earnings per share (cents)
439.4
432.4
Diluted earnings per share (cents)
432.8
425.8
* Refer to note 2.2.4
** Refer to note 2.2.3.
*
*
**