For the year ended 31 march 2011
Restated 2010 |
2011 | |
---|---|---|
Rm | Rm | |
Other income | 18,995 | 541 |
Other income (included in Total revenue, refer to 4 | 360 | 359 |
Interest received from trade receivables | 294 | 285 |
Sundry income | 66 | 74 |
Profit on disposal of property, plant and equipment and intangible assets | 32 | 182 |
Profit on disposal of subsidiary and joint venture | 18,603 | - |
The increase in the profit on disposal of assets is mainly due to a finance lease arrangement relating to indefeasible rights of use (IRU's) in respect of the S3SW and EIG cable system. | ||
The R18,603 million profit on disposal in the 2010 financial year relates to R18,535 million for Vodacom (15% holding) and R68 million for Telkom Media | ||
In the 2010 financial year, Telkom also unbundled the remaining 35% share in Vodacom to existing shareholders in Telkom. A gain on distribution of assets of R25,688 million was recognised in the profit for the year. |