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Report of the audit committee
Report of the independent auditors
Certificate of the company secretary
Director’s report
Principal accounting policies
Group income statement
Group balance sheet
Group statement of changes in equity
Group cash flow statement
Notes to the Group financial statements
Company income statement
Company balance sheet
Company statement of changes in equity
Company cash flow statement
Notes to the company financial statements
Annexure 1: Interest in subsidiary companies and joint ventures
Annexure 2: Group’s attributable interest in associated companies

Annexure 2

as at 31 December 2008

Interests in associated companies
As at 31 December 2008

                          Effective interest
in issued ordinary
share capital
  Group book value
of shares
              Place of     Financial    
  Name of associate     Principal activity     incorporation     year-end    
                          Dec   Dec   Dec   Dec  
                          2008   2007   2008   2007  
                          %   %   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 (Proprietary)                                      
  Limited     Porting     RSA     31 Dec     33   33      
  Total book value of associated companies         20   20  

Group’s attributable interest in associated companies
As at 31 December 2008

      Effective interest NumberPortability I-Talk Cellular Leaf Wireless
     
      Dec   Dec   Dec   Dec   Dec   Dec   Dec   Dec  
      2008   2007   2008   2007   2008   2007   2008   2007  
      Rm   Rm   Rm   Rm   Rm   Rm   Rm   Rm  
  ASSETS AND LIABILITIES                                  
  Property, plant and equipment   13   14   15   20   8   8   12   11  
  Investments and long-term receivables   2   4       2   2   4   7  
  Intangible assets   36   9     *       91   22  
  Deferred tax asset   3   2       6   3   1   1  
  Current assets   134   112   13   8   133   143   188   128  
  Total assets   188   141   28   28   149   156   296   169  
  Long-term borrowings   3   21     27       8   30  
  Current liabilities   84   57   1   1   78   78   130   62  
  Total liabilities   87   78   1   28   78   78   138   92  
  Attributable net asset value   101   63   27   *   71   78   158   77  
  Book value   101   63   27   *   71   78   158   77  
  INCOME STATEMENT                                  
  Revenue   566   369   14   7   713   475   672   429  
  Net profit for the year     16   *   *   4   18   (4)   21  
  Dividends     (18)         (20)      
  *Amounts less than R1 million.