| Rm |
2016 |
|
Revenue increased 1.5% (3.4%*) boosted by strong
growth in data and enterprise, however, impacted by
foreign currency volatility, customer registration
processes in the International operations and lower
equipment sales in South Africa.
|
81 278 |
|
80 077 |
|
Total expenses increased 0.3% below revenue growth
of 1.5%, aided by cost-savings initiatives offsetting
higher inflationary costs, site growth and negative
foreign currency impacts.
|
(30 483) |
|
(31 594) |
|
| Staff expenses |
(5 472) |
|
(5 557) |
|
| Publicity expenses |
(1 971) |
|
(1 986) |
|
Included is a net foreign exchange loss of
R331 million (2016: R383 million gain).
|
(12 193) |
|
(10 844) |
|
| Black Economic Empowerment charge |
(75) |
|
(55) |
|
| Depreciation and amortisation |
(9 251) |
|
(8 735) |
|
| Impairment losses |
(84) |
|
(14) |
|
Investment in Helios transferred during the prior year
to non-current assets held for sale.
|
1 |
|
(233) |
|
| Operating profit |
21 750 |
|
21 059 |
|
Net finance costs increased R561 million due
to higher average debt and an average 1.0ppt
increase in JIBAR.
|
777 |
|
716 |
|
Net finance costs increased R561 million due
to higher average debt and an average 1.0ppt
increase in JIBAR.
|
(2 818) |
|
(2 196) |
|
The R254 million decline resulted from the
FEC market to market revaluation loss in 2016
changing to a gain in 2017, partly offset by increased
foreign exchange losses on intergroup loans.
|
(481) |
|
(735) |
|
| Profit before tax |
19 228 |
|
18 844 |
|
Taxation is 2.8% higher driven by increased profitability.
|
(6 102) |
|
(5 934) |
|
| Net profit |
13 126 |
|
12 910 |
|
| Attributable to: |
|
|
|
|
| Equity shareholders |
13 418 |
|
12 917 |
|
Non-controlling interests allocation increased
by R285 million, mainly due to a weaker performance
in the DRC.
|
(292) |
|
(7) |
|
| |
13 126 |
|
12 910 |
|
