Financial Results

Condensed consolidated interim statement of profit or loss and other comprehensive income

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for the six months ended 30 September 2014
    Reviewed Restated* Audited
 
 
Six months ended
Six months ended
Year ended
 
 
30 September 2014
30 September 2013
31 March 2014
  Notes Rm Rm Rm
Continuing operations        
Total revenue 4 16 257 16 324 33 061
Operating revenue   15 911 15 989 32 400
Payments to other operators 5.1 1 446 1 928 3 944
Cost of sales 5.2 1 166 974 2 498
Net operating revenue   13 299 13 087 25 958
Other income   272 229 562
Operating expenses   11 982 10 307 21 918
Employee expenses 5.3 5 052 2 814 7 137
Selling, general and administrative expenses 5.4 2 341 2 391 4 682
Service fees 5.5 1 596 1 513 3 110
Operating leases 5.6 504 498 1 052
Depreciation, amortisation, impairment, write-offs and losses 5.7 2 489 3 091 5 937
Operating profit   1 589 3 009 4 602
Investment income   127 112 176
Finance charges and fair value movements   (227) 45 (292)
Finance charges   (286) (269) (636)
Foreign exchange and fair value movement   59 314 344
Profit before taxation   1 489 3 166 4 486
Taxation expense 6 333 202 494
Profit from continuing operations   1 156 2 964 3 992
Loss from discontinued operations 7 - (18) (49)
Profit for the period   1 156 2 946 3 943
Other comprehensive income        
Items that may be reclassified subsequently to profit or loss        
Exchange gains on translating foreign operations   - - 4
Recycling of foreign currency translation reserve   - 5 122
Items that will not be reclassified to profit or loss        
Defined benefit plan actuarial (losses)/gains   (1 306) 1 101 2 277
Defined benefit plan asset ceiling limitation gains/(losses)   1 026 (245) (1 106)
Income tax relating to components of other comprehensive income 8 78 (69) (157)
Other comprehensive income for the period, net of taxation   (202) 792 1 140
Total comprehensive income for the period   954 3 738 5 083
Profit attributable to:        
Owners of Telkom   1 110 2 891 3 822
Non-controlling interests   46 55 121
Profit for the period   1 156 2 946 3 943
Total comprehensive income attributable to:        
Owners of Telkom   908 3 683 4 962
Non-controlling interest   46 55 121
Total comprehensive income for the period   954 3 738 5 083
Total operations        
Basic earnings per share (cents) 9 217.4 566.2 748.5
Diluted earnings per share (cents) 9 213.7 566.2 744.8
Continuing operations        
Basic earnings per share (cents) 9 217.4 569.7 758.1
Diluted earnings per share (cents) 9 213.7 569.7 754.3

* Refer to note 2.3.