| Group | Company | ||||
| Notes | 31 March 2024 Rm |
Restated1 31 March 2023 Rm |
31 March 2024 Rm |
Restated1 31 March 2023 Rm |
|
| Revenue | 3.2.1 | 42 463 | 41 838 | 30 865 | 33 890 |
|---|---|---|---|---|---|
| Operating revenue | 41 805 | 41 274 | 30 270 | 33 368 | |
| Interest revenue | 377 | 361 | 314 | 319 | |
| Insurance revenue | 7.2.3.1 | 281 | 203 | 281 | 203 |
| Other income | 3.3 | 895 | 863 | 1 751 | 1 780 |
| Payments to other operators | 3.4.1 | (3 328) | (3 399) | (2 664) | (2 964) |
| Cost of handsets, equipment, software and directories | 3.4.2 | (6 125) | (6 341) | (3 867) | (4 280) |
| Sales commission, incentives and logistical costs | 3.4.3 | (2 748) | (2 522) | (2 748) | (2 521) |
| Enterprise subcontracting costs2 | – | – | (4 623) | (5 592) | |
| Insurance service expenses | 7.2.3.1 | (185) | (209) | (185) | (209) |
| Employee expenses | 3.4.4 | (7 895) | (9 292) | (1 519) | (3 397) |
| Other expenses | 3.4.5 | (2 195) | (2 324) | (697) | (857) |
| Wholesale voice and non-voice services | 3.4.6 | – | (196) | (5 638) | (3 574) |
| Maintenance | 3.4.7 | (4 842) | (4 152) | (2 608) | (3 241) |
| Marketing | (829) | (812) | (678) | (712) | |
| Impairment of receivables, contract assets and loans | 7.1.4 | (1 688) | (1 237) | (1 451) | (1 145) |
| Service fees | 3.4.8 | (3 849) | (3 870) | (1 397) | (2 171) |
| Lease-related expenses | (246) | (325) | (156) | (190) | |
| EBITDA | 9 428 | 8 022 | 4 385 | 4 817 | |
| Depreciation of property, plant and equipment | 3.4.9 | (3 350) | (5 092) | (1 155) | (3 038) |
| Depreciation of right-of-use assets | 3.4.9 | (1 463) | (1 255) | (1 404) | (1 439) |
| Depreciation of investment property | 3.4.9 | – | – | (112) | (55) |
| Amortisation of intangible assets | 3.4.9 | (632) | (746) | (426) | (577) |
| Write-offs and impairments of property, plant and equipment and intangible assets | 3.4.9 | (80) | (13 496) | (28) | (6 354) |
| Impairment of investment in subsidiaries | 7.2.1 | – | – | (28) | (4 655) |
| Operating profit/(loss) | 3 903 | (12 567) | 1 232 | (11 301) | |
| Investment income | 6.1 | 229 | 140 | 4 381 | 1 064 |
| Net finance charges and fair value movements | 6.2 | (2 181) | (1 485) | (2 002) | (1 546) |
| Finance charges on lease liabilities | (586) | (478) | (468) | (464) | |
| Net finance charges – other | (1 541) | (987) | (1 562) | (1 115) | |
| Foreign exchange and fair value movements | (54) | (20) | 28 | 33 | |
| Profit/(loss) before taxation | 1 951 | (13 912) | 3 611 | (11 783) | |
| Taxation | 8.1 | (497) | 3 644 | (59) | 2 039 |
| Profit/(loss) for the year from continuing operations | 1 454 | (10 268) | 3 552 | (9 744) | |
| Profit from discontinued operation | 12.2 | 427 | 297 | – | – |
| Profit/(loss) for the year | 1 881 | (9 971) | 3 552 | (9 744) | |
| Other comprehensive income | |||||
| Items that will be reclassified subsequently to profit or loss | |||||
| Exchange gains on translating foreign operations3 | 9.3 | 11 | 17 | – | – |
| Items that will not be reclassified to profit or loss | |||||
| Defined benefit plan actuarial gains | 10.1 | 4 | 98 | 5 | 101 |
| Income tax relating to other comprehensive income | (1) | (27) | (1) | (28) | |
| Other comprehensive income for the year, net of taxation | 14 | 88 | 4 | 73 | |
| Total comprehensive income/(loss) for the year | 1 895 | (9 883) | 3 556 | (9 671) | |
| Profit/(loss) attributable to: | |||||
| Owners of Telkom | 1 877 | (9 973) | 3 552 | (9 744) | |
| Non-controlling interests | 4 | 2 | – | – | |
| Profit/(loss) for the year | 1 881 | (9 971) | 3 552 | (9 744) | |
| Total comprehensive income/(loss) attributable to: | |||||
| Owners of Telkom | 1 891 | (9 885) | 3 556 | (9 671) | |
| Non-controlling interests | 4 | 2 | – | – | |
| Total comprehensive income/(loss) for the year | 1 895 | (9 883) | 3 556 | (9 671) | |
| Basic earnings/(loss) per share (cents) | |||||
| Continuing operations | 3.5 | 297.8 | (2 120.2) | ||
| Discontinued operation | 3.5 | 87.7 | 61.3 | ||
| Total basic earnings/(loss) per share (cents) | 385.5 | (2 058.9) | |||
| Diluted earnings/(loss) per share (cents) | |||||
| Continuing operations | 3.5 | 291.0 | (2 120.2) | ||
| Discontinued operation | 3.5 | 85.7 | 61.3 | ||
| Total diluted earnings/(loss) per share (cents) | 376.7 | (2 058.9) | |||
| 1 | Group has been restated for the adoption of IFRS 17, the Swiftnet discontinued operation and the BCX IFRS 15 restatement. Company has been restated for the adoption of IFRS 17. Refer to notes 2.2, 2.3, 2.7 and 12.2. |
| 2 | Subcontracting costs relate to enterprise customer contracts which Telkom sold to BCX (refer to note 3.2.1). |
| 3 | This component of other comprehensive income does not attract any tax. |