Vodacom Integrated Report 2016

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Our performance Our business Governance review Administration Overview
Rm 2016 2015
Assets
Non-current assets 51 085 45 954
Property, plant and equipment 39 744 35 959
Intangible assets 9 517 7 603
Financial assets 280 605
Investment in associate – 306
Investment in joint venture 4 4
Trade and other receivables 754 763
Finance receivables 761 696
Deferred tax 25 18
Current assets 27 618 25 353
Financial assets 2 641 2 016
Inventory 1 675 1 189
Trade and other receivables 13 275 11 559
Non-current assets held for sale 589 94
Finance receivables 1 390 1 122
Tax receivable 114 123
Bank and cash balances 7 934 9 250
Total assets 78 703 71 307
Equity and liabilities
Fully paid share capital * *
Treasury shares (1 658) (1 606)
Retained earnings 24 635 23 378
Other reserves 1 181 290
Equity attributable to owners of the parent 24 158 22 062
Non-controlling interests (1 134) (419)
Total equity 23 024 21 643
Non-current liabilities 29 909 23 050
Borrowings 26 658 20 308
Trade and other payables 815 759
Provisions 164 225
Deferred tax 2 272 1 758
Current liabilities 25 770 26 614
Borrowings 2 284 5 351
Trade and other payables 22 845 20 589
Provisions 92 91
Tax payable 344 182
Dividends payable 22 21
Bank overdrafts 183 380
Total equity and liabilities 78 703 71 307
* Fully paid share capital of R100.
Classification of loan to associate to non-current assets held
for sale in line with our intention to dispose of our investment
in Helios.
Increase contributed by net additions of R10 743 million and
foreign currency translation of R446 million, partially offset by
depreciation of R7 211 million and a transfer to non-current
assets held for sale of R165 million.
Non-current loan of R2 000 million from Vodafone – utilised
to settle short-term overnight borrowings and utilisation of a
R4 000 million non-current facility with Vodafone to repay
debt of R1 000 million and to refinance Vodafone debt of
R3 000 million.
Increase mainly due to R598 million foreign currency
translation movement.
Includes net additions of R2 414 million for computer software
and additional spectrum acquired in the DRC. Also included is
the acquisition of the Autopage mobile customer base of
R485 million, related goodwill of R368 million and a boost
from foreign currency translation of R157 million, partially
offset by depreciation of R1 524 million.
Increase driven by R858 million foreign currency translation,
which includes a R427 million gain, net of tax, on net
investments in foreign operations.
Increase primarily due to an increase in capital allowances due
to continued capital investment.
Increase in trade, M-Pesa creditors and purchases of high-end
handsets.
Increase in deposits from M-Pesa customers driven by growth in
M-Pesa business in our International operations.
Driven by acquisition of recently launched high-end handsets.
Increase in distribution debtors in South Africa due to timing of
payments and increased trade.
Classification of the investment in associate to non-current
assets held for sale.
45
Summarised Consolidated statement
of financial position
As at 31 March