Annexure 2
as at 31 December 2008
Interests in associated companies
As at 31 December 2008
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Effective interest
in issued ordinary
share capital |
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Group book value
of shares |
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Place of |
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Financial |
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Name of associate |
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Principal activity |
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incorporation |
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year-end |
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Dec |
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Dec |
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Dec |
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Dec |
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2008 |
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2007 |
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2008 |
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2007 |
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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) |
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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 |
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Leaf Wireless (Proprietary) |
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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 |
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Number Portability (Proprietary) |
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Limited |
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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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— |
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Total book value of associated companies |
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20 |
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20 |
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Group’s attributable interest in associated companies
As at 31 December 2008
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Effective interest |
NumberPortability |
I-Talk Cellular |
Leaf Wireless |
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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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2008 |
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2007 |
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2008 |
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2007 |
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2008 |
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2007 |
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2008 |
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2007 |
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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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13 |
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14 |
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15 |
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20 |
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8 |
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8 |
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12 |
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11 |
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Investments and long-term receivables |
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2 |
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4 |
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— |
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— |
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2 |
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2 |
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4 |
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7 |
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Intangible assets |
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36 |
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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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91 |
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22 |
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Deferred tax asset |
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3 |
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2 |
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— |
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— |
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6 |
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3 |
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1 |
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1 |
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Current assets |
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134 |
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112 |
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13 |
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8 |
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133 |
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143 |
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188 |
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128 |
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Total assets |
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188 |
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141 |
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28 |
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28 |
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149 |
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156 |
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296 |
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169 |
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Long-term borrowings |
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3 |
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21 |
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— |
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27 |
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— |
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— |
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8 |
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30 |
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Current liabilities |
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84 |
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57 |
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1 |
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1 |
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78 |
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78 |
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130 |
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62 |
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Total liabilities |
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87 |
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78 |
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1 |
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28 |
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78 |
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78 |
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138 |
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92 |
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Attributable net asset value |
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101 |
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63 |
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27 |
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* |
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71 |
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78 |
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158 |
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77 |
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Book value |
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101 |
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63 |
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27 |
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* |
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71 |
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78 |
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158 |
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77 |
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INCOME STATEMENT |
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Revenue |
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566 |
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369 |
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14 |
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7 |
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713 |
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475 |
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672 |
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429 |
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Net profit for the year |
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— |
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16 |
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* |
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* |
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4 |
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18 |
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(4) |
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21 |
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Dividends |
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— |
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(18) |
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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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