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Telkom Integrated Report 2017
27.6%
Fibre
22.4%
Mobile
14.5%
11.1%
Core network
OSS/BSS
programme
8.6%
Service on
demand
2017
Capex – key focus areas
21.7%
Fibre
10.9%
Mobile
11.2%
Network
rehabilitation/
sustainment
Other
14.3%
25.5%
Service on
demand
2016
Strong balance sheet to fund future growth
Despite the increase in net debt, including financial assets and liabilities, to R5 020 million from R1 373 million as at
31 March 2016, our capital structure remains strong with a net debt-to-EBITDA ratio of 0.5 times. Our net debt to
EBITDA remains below our guidance of one time, providing us with sufficient capacity to invest in future growth.
On 31 March 2017, the group had cash balances, including other financial assets and liabilities, of R1 204 million
(31 March 2016: R3 841 million). Our group cash balances decreased mainly due to higher dividends paid and an
increase in capital expenditure in line with our strategy. We remain lowly geared with a comfortable debt
maturity profile.
FY2017
FY2016
6.6%
Network
rehabilitation/
sustainment
OSS/BSS
programme
9.0%
Other
4.6%
Core network
4.5%
Subsidiaries*
4.7%
Subsidiaries*
2.9%
* BCX, Trudon, Swiftnet, Acajou (VS Gaming).