Financial Results

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

for the year ended 31 March 2016
	Notes	2016 Rm	Restated * 2015 Rm
Continuing operations
Operating revenue	4	37 325	32 760
Payments to other operators	5.1	2 793	2 930
Cost of sales	5.2	6 969	3 249
Net operating revenue		27 563	26 581
Other income	4	1 281	731
Operating expenses		20 083	18 471
Employee expenses	5.3	10 901	9 462
Selling general and administrative expenses	5.4	4 978	4 755
Service fees	5.5	3 106	3 219
Operating leases		1 098	1 035
EBITDA		8 761	8 841
Depreciation of property plant and equipment	5.6	4 370	4 506
Amortisation of intangible assets	5.6	902	779
Write-offs impairment and losses of property plant and equipment and intangible assets	5.6	170	220
Operating profit		3 319	3 336
Investment income	4	203	293
Finance charges and fair value movements		622	473
Finance charges		521	562
Foreign exchange and fair value movements		101	(89)
Profit before taxation		2 900	3 156
Taxation (income)/expense	6	524	(28)
Profit for the year		2 376	3 184
Items that may be reclassified subsequently to profit and loss
Exchange losses on translating foreign operations		(9)	-
Items that will not be reclassified to profit and loss
Defined benefit plan actuarial gains/ (losses)		191	(1 953)
Income tax relating to actuarial gains/losses		-	282
Defined benefit plan asset ceiling limitation		86	699
Income tax relating to asset ceiling limitation		-	(125)
Other comprehensive income/(loss) for the year net of taxation		268	(1 097)
Total comprehensive income for the year		2 644	2 087
Profit attributable to:
Owners of Telkom		2 246	3 079
Non-controlling interests		130	105
Profit for the year		2 376	3 184
Total comprehensive income attributable to:
Owners of Telkom		2 514	1 982
Non-controlling interests		130	105
Total comprehensive income for the year		2 644	2 087
Total operations
Basic earnings per share (cents)	7	439.4	603.0
Diluted earnings per share (cents)	7	432.8	590.7
*Refer to note 2.3 and note 8

for the year ended 31 March 2016