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 2013
    Reviewed Restated*
30 September 2013
30 September 2012
  Notes Rm Rm
Total revenue 4 16 482 16 454
Operating revenue   16 192 16 146
Payments to other operators 5.1 2 026 2 458
Cost of sales 5.2 1 001 661
Net operating revenue   13 165 13 027
Other income   173 164
Operating expenses   10 323 12 598
Employee expenses 5.3 2 814 4 812
Selling, general and administrative expenses 5.4 2 357 2 906
Service fees 5.5 1 557 1 472
Operating leases 5.6 504 442
Depreciation, amortisation, impairment and write-offs 5.7 3 091 2 966
Operating profit   3 015 593
Investment income   123 149
Finance charges and fair value movements   (10) 282
Interest   269 342
Foreign exchange and fair value movement   (279) (60)
Profit before taxation   3 148 460
Taxation 6 202 301
Profit for the period   2 946 159
Other comprehensive income      
Items that may be reclassified subsequently to profit or loss      
Exchange differences on translating foreign operations   5 10
Items that may not be reclassified subsequently to profit or loss      
Defined benefit plan actuarial gains   1 101 43
Defined benefit plan asset ceiling limitation   (245) (24)
Income tax relating to components of other comprehensive income 7 (69) (5)
Other comprehensive income for the period, net of taxation   792 24
Total comprehensive income for the period   3 738 183
Profit attributable to:      
Owners of Telkom   2 891 91
Non-controlling interests   55 68
Profit for the period   2 946 159
Total comprehensive income attributable to:      
Owners of Telkom   3 683 115
Non-controlling interest 55 68
Total comprehensive income for the period   3 738 183
Basic and diluted earnings per share (cents) 8 566.2 17.8

* The amounts have been restated due to the adoption of IAS 19R and the amendment to IAS 16. The layout of the statement of profit or loss and other comprehensive income has been changed to provide more relevant disclosures.