| |
Annexure 2
Interests in associated companies
as at 31 December 2006 |
| Name of associate |
Principal
activity |
Place of
incorporation |
Financial
year-end |
Effective
interest
in issued
ordinary
share capital |
Group
book value
of shares |
Group
loans |
Group
share
of post
acquisition
reserves |
| |
|
|
|
Dec
2006
% |
Dec
2005
% |
Dec
2006
Rm |
Dec
2005
Rm |
Dec
2006
Rm |
Dec
2005
Rm |
Dec
2006
Rm |
Dec
2005
Rm |
| Cellular Calls (Proprietary) Limited |
Cellular
dealership |
South Africa |
31 Mar |
26 |
26 |
* |
* |
-- |
-- |
-- |
-- |
| I-Talk Cellular (Proprietary) Limited |
Service
Provider |
South Africa |
28 Feb |
41 |
41 |
4 |
4 |
-- |
-- |
-- |
20 |
| Leaf Wireless (Proprietary) Limited |
Cellular
dealership |
South Africa |
31 Mar |
40 |
40 |
16 |
16 |
-- |
-- |
-- |
8 |
| Publicom |
Payphone
services |
Uganda |
31 Dec |
** |
31 |
-- |
1 |
-- |
3 |
-- |
1 |
| MTN Villagephone Limited |
Payphone
Services |
Uganda |
31 Dec |
** |
26 |
-- |
* |
-- |
-- |
-- |
* |
| Jibayat SAL |
Collection of
invoices |
Uganda |
31 Dec |
44 |
-- |
-- |
* |
-- |
-- |
-- |
* |
Mobile Number Portability
Company (Proprietary) Limited |
Porting |
South Africa |
31 Dec |
33 |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
| Total book value of associated companies |
|
|
|
|
|
20 |
21 |
-- |
3 |
|
29 |
Groups’ attributable interest in associated companies
As at 31 December 2006 |
| |
Effective
interest |
I-TALK |
LEAF |
PUBLICOM** |
VILLAGEPHONE** |
JIBAYAT |
NUMBER
PORTABILITY |
| |
Dec
2006
Rm |
Dec
2005#
Rm |
Dec
2006
Rm |
Dec
2005#
Rm |
Dec
2006
Rm |
Dec
2005#
Rm |
Dec
2006
Rm |
Dec
2005
Rm |
Dec
2006
Rm |
Dec
2005
Rm |
Dec
2006
Rm |
Dec
2005
Rm |
Dec
2006
Rm |
Dec
2005
Rm |
ASSETS AND
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Property, plant
and equipment |
12 |
9 |
7 |
5 |
11 |
7 |
-- |
15 |
-- |
-- |
* |
-- |
15 |
-- |
Investments
and long-term
receivables |
2 |
3 |
1 |
7 |
4 |
1 |
-- |
-- |
-- |
-- |
* |
-- |
-- |
-- |
| Intangible assets |
9 |
11 |
-- |
-- |
23 |
27 |
-- |
-- |
-- |
-- |
-- |
-- |
* |
-- |
Deferred taxation
asset |
3 |
-- |
6 |
-- |
1 |
-- |
|
-- |
|
-- |
* |
-- |
-- |
-- |
| Current assets |
91 |
73 |
147 |
110 |
76 |
63 |
-- |
7 |
-- |
1 |
* |
-- |
7 |
-- |
| Total assets |
117 |
96 |
161 |
122 |
115 |
98 |
-- |
22 |
-- |
1 |
2 |
-- |
22 |
-- |
Long-term
borrowings |
8 |
2 |
* |
-- |
2 |
1 |
-- |
3 |
-- |
-- |
* |
-- |
23 |
-- |
| Current liabilities |
43 |
50 |
83 |
79 |
25 |
38 |
-- |
9 |
-- |
-- |
* |
-- |
* |
-- |
| Total liabilities |
51 |
52 |
83 |
79 |
27 |
39 |
-- |
12 |
-- |
(1) |
1 |
-- |
23 |
-- |
Attributable
net asset value |
66 |
44 |
78 |
42 |
88 |
59 |
-- |
10 |
-- |
* |
1 |
-- |
* |
-- |
| Impairment |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
Goodwill arising
on acquisition |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
| Book value |
66 |
44 |
78 |
42 |
88 |
59 |
-- |
10 |
-- |
* |
1 |
-- |
* |
-- |
INCOME
STATEMENT |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
259 |
178 |
365 |
324 |
282 |
112 |
-- |
23 |
-- |
1 |
4 |
-- |
* |
-- |
Net profit (loss)
for the year |
22 |
8 |
24 |
15 |
31 |
7 |
-- |
2 |
-- |
-- |
-- |
-- |
(*) |
-- |
| Dividends |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* Amounts less than R1 million
** Additional shares were acquired during the current financial year. This company is now a subsidiary.
# For nine months ended 31 December 2005 |
|
| |
