Financial Results

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

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for the six months ended September 30, 2010
Restated*
Reviewed
    30 September 2009 30 September 2010
In ZAR millions Notes Rm Rm
Continuing operations      
Total revenue 3 19,226 17,973
Operating revenue   18,761 17,667
Other income 4 18,814 184
Operating expenses 19,418 15,417
Employee expenses 5 5,359 4,853
Payments to other operators 5 4,284 3,057
Selling, general and administrative expenses 5 3,335 2,911
Service fees 1,340 1,411
Operating leases 5 474 526
Depreciation, amortisation, impairment and write-offs 5 4,626 2,659
Results from operating activities 18,157 2,434
Investment income 280 133
Gain on distribution of assets 4 25,688 -
Finance charges and fair value movements 6 794 659
Interest 749 514
Foreign exchange and fair value movement 45 145
Profit before taxation 43,331 1,908
Taxation 7 3,700 830
Profit from continuing operations   39,631 1,078
Profit from discontinued operation   106 -
Profit for the period   39,737 1,078
Other comprehensive income  
Exchange differences on translating foreign operations (1,587) (77)
Realised exchange differences on translating foreign operations (189) -
Available-for-sale investment 8 -
Defined benefit plan actuarial gains/ (losses) 732 (236)
Defined benefit plan asset limitations (722) 123
Income tax relating to components of other comprehensive income 8 323 32
Other comprehensive income for the year, net of taxation   (1,435) (158)
Total comprehensive income   38,302 920
Profit attributable to:  
Owners of Telkom 39,661 1,009
Non-controlling interest 76 69
Profit for the period   39,737 1,078
Total comprehensive income attributable to:      
Owners of Telkom   38,226 851
Non-controlling interest   76 69
Total comprehensive income for the period   38,302 920
Total operations  
Basic earnings per share (cents) 9 7,882.0 198.6
Diluted earnings per share (cents) 9 7,865.8 198.6
Continuing operations  
Basic earnings per share (cents) 9 7,860.9 198.6
Diluted earnings per share (cents) 9 7,844.8 198.6
* The amounts have been restated for the effect of Swiftnet (Proprietary) Limited no longer being classified as a disposal group held for sale.