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Report of the audit committee
Statement of directors’ responsibilities
Certificate by the company secretary
Report of the independent auditors
Directors’ report
Group income statement
Group statement of comprehensive income
Group balance sheet
Group statement of changes in equity
Group cash flow statement
Notes to the Group financial statements
Company income statement
Company statement of comprehensive income
Company balance sheet
Company statement of changes in equity
Company cash flow statement
Notes to the company financial statements
Annexure 1

Group income statement

for the year ended 31 December 2009

          December 2009   December 2008  
    Note     Rm   Rm  
  Revenue 4     111 947   102 526  
  Direct network operating costs       (15 925)   (14 140)  
  Costs of handsets and other accessories       (6 297)   (5 985)  
  Interconnect and roaming costs       (15 166)   (13 217)  
  Employee benefits 5     (5 843)   (4 776)  
  Selling, distribution and marketing expenses       (14 649)   (13 274)  
  Other operating expenses       (7 837)   (7 743)  
  Impairment of property, plant and equipment 10     (167)   (225)  
  Depreciation of property, plant and equipment 10     (11 807)   (9 939)  
  Amortisation of intangible assets 11     (2 668)   (2 820)  
  Operating profit 5     31 588   30 407  
  Finance income 6     6 420   6 727  
  Finance costs 6     (12 230)   (8 644)  
  Share of results of associates after tax 12     (5)    
  Profit before tax       25 773   28 490  
  Income tax expense 7     (8 612)   (11 355)  
  Profit after tax       17 161   17 135  
  Attributable to:              
  Equity holders of the Company       14 650   15 315  
  Non-controlling interest       2 511   1 820  
          17 161   17 135  
  Basic earnings per ordinary share (cents) 8     791,4   821,0  
  Basic diluted earnings per ordinary share (cents) 8     781,5   806,1  
  Dividend per share (cents) 9     181,0   136,0  

The notes on pages 52 to 151 are an integral part of these consolidated financial statements.