Condensed consolidated income statement
for the year ended 31 March
| Rm |
2017 |
|
Revenue increased 6.3% (7.8%*), as a result of higher
contributions from data revenue and Enterprise services
and boosted by equipment sales.
Revenue |
86 370 |
|
81 278 |
|
Total expenses increased 6.8% as a result of higher
equipment costs, costs related to our roaming
agreement with Rain and increases in wholesale transit
expenses (a new lower margin business area). Included
in other operating expenses is a foreign exchange
gain of R56 million (2017: foreign exchanges loss of
R331 million).
Direct expenses |
(33 669) |
|
(30 483) |
|
Total expenses increased 6.8% as a result of higher
equipment costs, costs related to our roaming
agreement with Rain and increases in wholesale transit
expenses (a new lower margin business area). Included
in other operating expenses is a foreign exchange
gain of R56 million (2017: foreign exchanges loss of
R331 million).
Staff expenses |
(5 509) |
|
(5 472) |
|
Total expenses increased 6.8% as a result of higher
equipment costs, costs related to our roaming
agreement with Rain and increases in wholesale transit
expenses (a new lower margin business area). Included
in other operating expenses is a foreign exchange
gain of R56 million (2017: foreign exchanges loss of
R331 million).
Publicity expenses |
(1 913) |
|
(1 971) |
|
Total expenses increased 6.8% as a result of higher
equipment costs, costs related to our roaming
agreement with Rain and increases in wholesale transit
expenses (a new lower margin business area). Included
in other operating expenses is a foreign exchange
gain of R56 million (2017: foreign exchanges loss of
R331 million).
Other operating expenses |
(12 441) |
|
(12 193) |
|
| Share-based payment charges |
(130) |
|
(75) |
|
| Depreciation and amortisation |
(9 959) |
|
(9 251) |
|
| Impairment losses |
(4) |
|
(84) |
|
R1.5 billion net profit from Safaricom for
eight months.
Net profit from associate and joint venture |
1 507 |
|
1 |
|
| Operating profit |
24 252 |
|
21 750 |
|
Profit on sale of associate investment in Helios Towers
Tanzania (HTT).
Profit on sale of associate |
734 |
|
– |
|
Net finance costs of R2.1 billion has remained relatively
consistent as average gross debt in the year was
relatively flat and cost of debt was flat at 8.3%.
Finance income |
703 |
|
777 |
|
Net finance costs of R2.1 billion has remained relatively
consistent as average gross debt in the year was
relatively flat and cost of debt was flat at 8.3%.
Finance costs |
(2 811) |
|
(2 818) |
|
FEC mark-to-market revaluation losses and
remeasurement of foreign cash balances.
Net loss on remeasurement and disposal of financial instruments |
(785) |
|
(481) |
|
| Profit before tax |
22 093 |
|
19 228 |
|
Taxation is 7% higher driven by increased profitability.
Taxation |
(6 531) |
|
(6 102) |
|
| Net profit |
15 562 |
|
13 126 |
|
| Attributable to: |
|
|
|
|
| Equity shareholders |
15 344 |
|
13 418 |
|
Non-controlling interest allocation increased mainly
due to a strong performance in Tanzania boosted by
HTT sale, a strong performance in Mozambique and
Lesotho, and the new contribution from Safaricom.
Non-controlling interests |
218 |
|
(292) |
|
| |
15 562 |
|
13 126 |
|
| Cents |
2017 |
|
| Basic earnings per share |
947 |
|
915 |
|
Basic earnings per share increased 3.5% supported
by a strong contribution from operating profit and the
contribution from Safaricom.
Diluted earnings per share |
919 |
|
886 |
|
