The carrying amount of network infrastructure and equipment includes R1 446 million (2015: R1 327 million) in relation to assets held under finance leases (Note 18).
The Group’s South African operations pledged certain of its property, plant and equipment with a carrying amount of R1 446 million (2015: R1 327 million) as security against borrowings with a fair value of R1 423 million (2015: R1 322 million) (Note 18). The respective pledges are limited to the carrying amount of the borrowings.
Included in the carrying amount of network infrastructure and equipment and other assets are assets in the course of construction, which are not depreciated, with a cost of R573 million (2015: R748 million) and R79 million (2015: RNil) respectively.
Certain of the Group’s operations received government grants to advance universal access to communications by constructing telecommunication infrastructure. Unfulfilled conditions relate to the completion of the asset.
In the current year, directly attributable staff expenses of R687 million (2015: R646 million) were capitalised. |