Notes to the financial statements | Note 30

Set out below is a list of the significant subsidiaries and associates of the Group at 31 March 2022, held directly by Telkom SA SOC Ltd. Unless otherwise stated, the entities as listed below have share capital consisting solely of ordinary shares, which are held directly by the Group and the proportion of ownership interest held equals to the voting rights held by the Group.

Accruals and other payables mainly represent licence fees and amounts payable for goods received, net of Value Added Tax obligations.

Telkom’s standard payment terms of trade payables is within 90 days after the date of the receipt of the invoice.

R1 169 million of the total trade payables is subject to supplier financing where the suppliers have decided to receive the invoice amounts before the due date from independent external funders. Refer to note 2.4.15.