MTN Cover page

 

 

Annexure 2

at 31 December 2007

                Effective        
                interest        
        Place of       in issued   Group book
        incorpor-   Financial   ordinary   value of
Name of associate   Principal activity   ation   year-end   share capital   shares
                             
                Dec   Dec   Dec   Dec
                2007   2006   2007   2006
                %   %   Rm   Rm

I-Talk Cellular (Proprietary) Limited   Service provider   South Africa   28 Feb   41   41   4   4
Leaf Wireless (Proprietary) Limited   Cellular dealership   South Africa   31 Mar   40   40   16   16
Number Portability   Porting   RSA   31 Dec   33   33    
Total book value of associated companies                       20   20

Group's attributable interest in associated companies

at 31 December 2007

            Number                
    Effective interest   Portability   I-Talk   Leaf
    Dec   Dec   Dec   Dec   Dec   Dec   Dec   Dec
    2007   2006   2007   2006   2007   2006   2007   2006
    Rm   Rm   Rm   Rm   Rm   Rm   Rm   Rm

ASSETS AND LIABILITIES                                
Property, plant and equipment   14   12   20   15   8   7   11   11
Investments and long-term receivables   4   2       2   1   7   4
Intangible assets   9   9   *   *       22   23
Deferred tax asset   2   3       3   6   1   1
Current assets   112   91   8   7   143   147   128   76
Total assets   141   117   28   22   156   161   169   115
Long-term borrowings   21   8   27   23     *   30   2
Current liabilities   57   43   1   *   78   83   62   25
Total liabilities   78   51   28   23   78   83   92   27
Attributable net asset value   63   66   *   *   78   78   77   88
Book value   63   66   *   *   78   78   77   88
INCOME STATEMENT                                
Revenue   369   259   7   *   475   365   429   282
Net profit (loss) for the year   16   22   *   (*)   18   24   21   31
Dividends   (8)         (20)      
*Amounts less than R1 million.