For the year ended 31 march 2015
2015Rm |
Restated |
|
|---|---|---|
| Total Revenue | 32 400 | 31 905 |
| Operating revenue | 31 675 | 31 288 |
| Other income (excluding profit on disposal of property, plant and equipment, intangible assets and investments) | 442 | 454 |
| Investment income | 283 | 163 |
Operating revenue increased due to higher mobile voice and data revenue, higher IT business services revenue and higher equipment sales. This was partly offset by the continous decline in fixed-line voice revenue and lower data leased line revenue resulting from self-provisioning by other licensed operators.
Investment income increased as a result of higher cash balances held by the Group.
Change in estimate
In the current financial year the Group reassessed its voice customer relationship period (CRP) that is used for the deferral of installation fee revenue. The CRP was changed from 9 years to 6.5 years. This is more reflective of the modern day customer behaviour within the industry. The change in estimate resulted in revenue increasing by R111 million in the current year.
Change in comparative
The comparative in other income has increased by R83 million due to a reclassification from operating revenue relating to income from undersea cables to more appropriately reflect its nature.