MTN Cover page

 

 

Company balance sheet

at 31 December 2007

      December 2007   December 2006
  Notes   Rm   Rm

ASSETS          
Non-current assets     23 693   23 693
Interest in subsidiaries 4   23 693   23 693
Current assets     358   199
Trade and other receivables*     327   143
Cash and cash equivalents 5   31   56
           
Total assets     24 051   23 892
SHAREHOLDERS’ EQUITY          
Ordinary shares and share premium 6   23 864   23 804
Retained earnings     23   1
Other reserves     95   77
Total equity     23 982   23 882
           
LIABILITIES          
Current liabilities     69   10
Current tax payable     4   2
Trade and other payables 7   65   8
           
Total liabilities     69   10
Total equity and liabilities     24 051   23 892

* The entity believes that no impairment allowance is necessary in respect of receivables as no objective evidence existed at year-end to indicate that one or more events may have a negative effect on the estimated future cash flows expected from any individual balance.