for the year ended 31 March 2023
| Notes | 31 March 2023 Rm |
31 March 20222 Rm |
|
| Revenue | 3.2.1 | 43 138 | 42 756 |
|---|---|---|---|
| Operating revenue | 42 777 | 42 474 | |
| Interest revenue | 361 | 282 | |
| Other income1 | 3.3 | 863 | 686 |
| Insurance service result | 7.2.3 | 1 | (2) |
| Payments to other operators | (3 399) | (3 393) | |
| Cost of handsets, equipment, software and directories | 3.4.1 | (7 089) | (5 648) |
| Sales commission, incentives and logistical costs | 3.4.2 | (2 522) | (2 516) |
| Employee expenses | 3.4.3 | (9 292) | (8 693) |
| Other expenses | 3.4.4 | (2 384) | (2 256) |
| Wholesale voice and non-voice services2 | 3.4.5 | (196) | (59) |
| Maintenance | 3.4.6 | (4 154) | (3 879) |
| Marketing | 3.4.7 | (812) | (729) |
| Impairment of receivables, contract assets and loans | 7.1.4 | (1 255) | (803) |
| Service fees | 3.4.8 | (4 080) | (3 388) |
| Lease-related expenses | 3.4.9 | (332) | (168) |
| EBITDA | 8 487 | 11 908 | |
| Depreciation of property, plant and equipment | 3.4.10 | (5 125) | (4 713) |
| Depreciation of right-of-use assets | 3.4.10 | (1 274) | (1 184) |
| Amortisation of intangible assets | 3.4.10 | (746) | (831) |
| Write-offs and impairments of property, plant and equipment and intangible assets3 | 3.4.10 | (13 508) | (247) |
| Operating (loss)/profit | (12 166) | 4 933 | |
| Investment income | 6.1 | 148 | 144 |
| Net finance charges and fair value movements | 6.2 | (1 484) | (1 279) |
| Finance charges on lease liabilities | (488) | (450) | |
| Net finance charges – other4 | (972) | (662) | |
| Foreign exchange and fair value movements4 | (24) | (167) | |
| (Loss)/profit before taxation | (13 502) | 3 798 | |
| Taxation | 8.1 | 3 531 | (1 167) |
| (Loss)/profit for the year | (9 971) | 2 631 | |
| Other comprehensive income | |||
| Items that will be reclassified subsequently to profit or loss | |||
| Exchange gains on translating foreign operations5 | 9.3 | 17 | 4 |
| Items that will not be reclassified to profit or loss | |||
| Defined benefit plan actuarial gains | 10.1 | 98 | 341 |
| Income tax relating to other comprehensive income | (27) | (79) | |
| Other comprehensive income for the year, net of taxation | 88 | 266 | |
| Total comprehensive (loss)/income for the year | (9 883) | 2 897 | |
| (Loss)/profit attributable to: | |||
| Owners of Telkom | (9 973) | 2 630 | |
| Non-controlling interests | 2 | 1 | |
| (Loss)/profit for the year | (9 971) | 2 631 | |
| Total comprehensive (loss)/income attributable to: | |||
| Owners of Telkom | (9 885) | 2 896 | |
| Non-controlling interests | 2 | 1 | |
| Total comprehensive (loss)/income for the year | (9 883) | 2 897 | |
| Basic (loss)/earnings per share (cents) | 3.5 | (2 058.9) | 536.6 |
| Diluted (loss)/earnings per share (cents) | 3.5 | (2 058.9) | 519.9 |
| 1 | Other income increased largely due to the impact of contract asset sales. |
| 2 | In the prior year, wholesale voice and non-voice services were included in the other expenses line item. This has been disclosed separately in the current year, due to a re-presentation at a Telkom Company level on the annual financial statements. Refer to the annual financial statements for more information. |
| 3 | Write-offs and impairments of property, plant and equipment (PPE) and intangible assets (IA) include impairments to the amount of R13 236 million. |
| 4 | Other net finance charges increased mainly due to higher debt levels and increasing interest rates. The decrease in foreign exchange and fair value movements, is largely due to a gain on the revaluation of forward exchange contracts. |
| 5 | This component of other comprehensive income does not attract any tax. |