For the year ended 31 march 2016
The Trudon Group
On 27 November 2014, the Telkom board approved the disposal of Telkom's 64.9% shareholding in Trudon to Trumancon. This was part of Telkom's strategic imperative to focus on its fixed-line, mobile and Internet-based business.
In September 2015, the material conditions precedent of the proposed sale of Trudon were not met and therefore Trudon is no longer held for sale and will be consolidated into the results from continuing operations.
The consolidated statement of profit or loss and other comprehensive income and the statement of financial position and statement of cash flows for 31 March 2015 have been restated to re-integrate the numbers for the Trudon group. Refer to note 2.3, 2.4 and 2.5.