Telkom SA SOC Limited
Integrated Report 2017
For the year ended 31 March 2017

Financial statements

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Statements of profit or loss
and other comprehensive income
for the year ended 31 March 2017

Download (EXCEL)
      Group     Company  
  Notes     2017 
Rm 		     Restated*
2016 
Rm 		     2017 
Rm 		     2016 
Rm 		  
Operating revenue 4     40 970      37 325      35 422      32 106   
Payments to other operators 6.1     2 618      2 793      2 627      2 813   
Cost of sales** 6.2     6 498      5 011      3 669      3 100   
Enterprise subcontracting costs***       –       –      5 513      –   
Net operating revenue       31 854      29 521      23 613      26 193   
Other income 5     734      1 281      3 017      1 308   
Operating expenses       21 713      22 026      16 352      19 477   
Employee expenses 6.3     10 562      12 165      6 530      10 105   
Selling, general and administrative expenses 6.4     7 237      5 796      6 469      5 600   
Service fees** 6.5     2 869       2 965      2 492      2 792   
Operating leases 6.6     1 045      1 100      861      980   
EBITDA       10 875      8 776      10 278      8 024   
Depreciation of property, plant and equipment 6.7     4 752      4 448      4 458      4 305   
Amortisation of intangible assets 6.7     766      880      628      799   
Write-offs, impairment and losses of property, plant and equipment and intangible assets 6.7     143      170      143      170   
Operating profit       5 214      3 278      5 049      2 750   
Investment income 7     219      203      522      812   
Finance charges and fair value movements 8     888      622      801      618   
Finance charges       618      521      558      489   
Foreign exchange and fair value movements       270      101      243      129   
Profit before taxation       4 545      2 859      4 770      2 944   
Taxation expense 9     691      538      65      359   
Profit for the year       3 854      2 321      4 705      2 585   
Other comprehensive income                            
Items that will be reclassified subsequently to profit or loss                            
Exchange losses on translating foreign operations       (61)     (9)     –      –   
Items that will not be reclassified to profit or loss                            
Defined benefit plan actuarial (losses)/gains       (30)     191      (32)     191   
Defined benefit plan asset ceiling limitation       (6)     86      (6)     86   
Other comprehensive (loss)/income for the year, net of taxation****       (97)     268      (38)     277   
Total comprehensive income for the year       3 757      2 589      4 667      2 862   
Profit attributable to:                            
      Owners of Telkom       3 797      2 210      4 705      2 585   
      Non-controlling interest       57      111      –      –   
Profit for the year       3 854      2 321      4 705      2 585   
Total comprehensive income attributable to:                            
      Owners of Telkom       3 700      2 478      4 667       2 862   
      Non-controlling interest       57      111      –      –   
Total comprehensive income for the year       3 757      2 589      4 667      2 862   
      Basic earnings per share (cents) 10     738.8      432.4               
      Diluted earnings per share (cents) 10     724.1      425.8               
* Refer to note 2.2.3, 2.2.4 and 2.5
** Refer to note 6.2 for the reclassification for Telkom company.
*** Subcontracting costs relating to Enterprise customers which were sold to BCX on 1 November 2016 from Telkom, refer to note 4.
**** No tax effect due to Telkom company's limitation of deferred tax asset.