Annexure 2
at 31 December 2007
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Effective |
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interest |
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Place of |
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in issued |
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Group book |
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incorpor- |
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Financial |
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ordinary |
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value of |
| Name of associate |
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Principal activity |
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ation |
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year-end |
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share capital |
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shares |
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Dec |
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Dec |
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Dec |
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Dec |
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2007 |
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2006 |
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2007 |
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2006 |
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% |
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% |
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Rm |
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Rm |
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| I-Talk Cellular (Proprietary) Limited |
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Service provider |
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South Africa |
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28 Feb |
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41 |
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41 |
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4 |
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4 |
| Leaf Wireless (Proprietary) Limited |
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Cellular dealership |
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South Africa |
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31 Mar |
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40 |
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40 |
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16 |
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16 |
| Number Portability |
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Porting |
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RSA |
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31 Dec |
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33 |
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33 |
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— |
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— |
| Total book value of associated companies |
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20 |
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20 |
Group's attributable interest in associated companies
at 31 December 2007
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Number |
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Effective interest |
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Portability |
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I-Talk |
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Leaf |
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Dec |
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Dec |
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Dec |
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Dec |
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Dec |
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Dec |
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Dec |
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Dec |
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2007 |
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2006 |
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2007 |
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2006 |
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2007 |
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2006 |
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2007 |
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2006 |
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Rm |
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Rm |
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Rm |
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Rm |
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Rm |
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Rm |
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Rm |
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Rm |
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| ASSETS AND LIABILITIES |
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| Property, plant and equipment |
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14 |
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12 |
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20 |
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15 |
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8 |
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7 |
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11 |
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11 |
| Investments and long-term receivables |
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4 |
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2 |
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— |
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— |
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2 |
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1 |
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7 |
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4 |
| Intangible assets |
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9 |
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9 |
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* |
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* |
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— |
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— |
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22 |
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23 |
| Deferred tax asset |
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2 |
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3 |
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— |
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— |
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3 |
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6 |
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1 |
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1 |
| Current assets |
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112 |
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91 |
|
8 |
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7 |
|
143 |
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147 |
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128 |
|
76 |
| Total assets |
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141 |
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117 |
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28 |
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22 |
|
156 |
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161 |
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169 |
|
115 |
| Long-term borrowings |
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21 |
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8 |
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27 |
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23 |
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— |
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* |
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30 |
|
2 |
| Current liabilities |
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57 |
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43 |
|
1 |
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* |
|
78 |
|
83 |
|
62 |
|
25 |
| Total liabilities |
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78 |
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51 |
|
28 |
|
23 |
|
78 |
|
83 |
|
92 |
|
27 |
| Attributable net asset value |
|
63 |
|
66 |
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* |
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* |
|
78 |
|
78 |
|
77 |
|
88 |
| Book value |
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63 |
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66 |
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* |
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* |
|
78 |
|
78 |
|
77 |
|
88 |
| INCOME STATEMENT |
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| Revenue |
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369 |
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259 |
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7 |
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* |
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475 |
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365 |
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429 |
|
282 |
| Net profit (loss) for the year |
|
16 |
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22 |
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* |
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(*) |
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18 |
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24 |
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21 |
|
31 |
| Dividends |
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(8) |
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— |
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— |
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— |
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(20) |
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— |
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— |
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— |
| *Amounts less than R1 million. |
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