Consolidated summary statement of profit or loss and other comprehensive income
for the year ended 31 March 2021
The summary financial reports should be read in conjunction with the annual financial statements for the year ended 31 March 2021.
| Notes | 31 March 2021 Rm |
Restated 31 March1 2020 Rm |
|
| Revenue | 4 | 43 222 | 43 043 |
|---|---|---|---|
| Operating revenue | 42 939 | 42 764 | |
| Interest revenue | 283 | 279 | |
| Other income | 619 | 676 | |
| Insurance service result | 15 | 41 | |
| Payments to other operators | 5.1 | (3 878) | (3 683) |
| Cost of handsets, equipment, software and directories | 5.2 | (4 781) | (5 625) |
| Sales commission, incentives and logistical costs | 5.3 | (2 425) | (2 006) |
| Employee expenses | 5.4 | (9 312) | (10 713) |
| Other expenses | 5.5 | (2 197) | (2 756) |
| Maintenance | 5.6 | (3 971) | (3 880) |
| Marketing | (747) | (671) | |
| Impairment of receivables and contract assets | 18 | (1 039) | (1 140) |
| Service fees | 5.7 | (3 316) | (3 274) |
| Lease-related expenses | (487) | (478) | |
| EBITDA | 11 703 | 9 534 | |
| Depreciation of property, plant and equipment | (4 918) | (4 868) | |
| Depreciation of right-of-use assets | (947) | (954) | |
| Amortisation of intangible assets | (805) | (679) | |
| Write-offs, impairments and losses of property, plant and equipment and intangible assets | (200) | (414) | |
| Operating profit | 4 833 | 2 619 | |
| Investment income | 188 | 79 | |
| Income from associates | 1 | 11 | |
| Net finance charges, hedging costs and fair value movements | (1 527) | (1 803) | |
| Finance charges on lease liabilities | (445) | (368) | |
| Net finance charges – other | (804) | (1 202) | |
| Cost of hedging | (153) | (205) | |
| Foreign exchange and fair value movements | (125) | (28) | |
| Profit before taxation | 3 495 | 906 | |
| Taxation | 13.1 | (1 067) | (366) |
| Profit for the year | 2 428 | 540 | |
| Other comprehensive income | |||
| Items that will be reclassified subsequently to profit or loss | |||
| Exchange (losses)/gains on translating foreign operations2 | (25) | 65 | |
| Items that will not be reclassified to profit or loss | |||
| Defined benefit plan actuarial (losses)/gains | 10 | (69) | 1 080 |
| Income tax relating to other comprehensive income | 13.2 | 19 | (302) |
| Other comprehensive income for the year, net of taxation | (75) | 843 | |
| Total comprehensive income for the year | 2 353 | 1 383 | |
| Profit attributable to: | |||
| Owners of Telkom | 2 422 | 535 | |
| Non-controlling interests | 6 | 5 | |
| Profit for the year | 2 428 | 540 | |
| Total comprehensive income attributable to: | |||
| Owners of Telkom | 2 347 | 1 378 | |
| Non-controlling interests | 6 | 5 | |
| Total comprehensive income for the year | 2 353 | 1 383 | |
| Basic earnings per share (cents) | 6 | 489.9 | 107.5 |
| Diluted earnings per share (cents) | 6 | 484.0 | 106.0 |
| 1 | Restated. Refer to notes 3.3.1.1 and 3.5. |
| 2 | This component of other comprehensive income does not attract any tax. |
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