| Currently viewing: Five-year review / Next: Glossary |
 |
 |
 |
Downloads |  |
Home |
Five-year review
| Financial information | December 2010 |
December 2009 |
December 2008 |
December 2007 |
December 2006 |
||||||
| Income statement – extracts (Rm) | |||||||||||
| Revenue | 114 684 | 111 947 | 102 526 | 73 145 | 51 595 | ||||||
| EBITDA | 47 537 | 46 063 | 43 166 | 31 845 | 22 413 | ||||||
| Pro t from operations | 32 137 | 31 588 | 30 407 | 22 872 | 16 094 | ||||||
| Net finance costs | (4 094) | (5 810) | (1 917) | (3 173) | (1 427) | ||||||
| Income tax expense | (11 268) | (8 612) | (11 355) | (7 791) | (2 591) | ||||||
| Profit after tax attributable to | |||||||||||
| – Equity holders of the Company | 14 300 | 14 650 | 15 315 | 10 608 | 10 610 | ||||||
| – Non-controlling interest | 2 527 | 2 511 | 1 820 | 1 308 | 1 489 | ||||||
| Basic headline earnings | 14 011 | 14 869 | 15 603 | 10 886 | 10 628 | ||||||
| Statement of financial position – extracts (Rm) | |||||||||||
| Property, plant and equipment | 63 361 | 67 541 | 64 193 | 39 463 | 30 647 | ||||||
| Goodwill | 20 797 | 24 756 | 31 914 | 25 744 | 27 017 | ||||||
| Intangible assets | 9 469 | 11 308 | 13 872 | 13 053 | 13 088 | ||||||
| Investments and loans | 4 693 | 5 291 | 4 683 | 2 493 | 2 925 | ||||||
| Deferred taxation | 1 407 | 1 317 | 657 | 1 332 | 2 605 | ||||||
| Bank balances, deposits and cash | 36 232 | 24 741 | 28 738 | 17 607 | 10 091 | ||||||
| Other current assets | 18 002 | 21 283 | 26 049 | 15 894 | 10 544 | ||||||
| Assets of a disposal group classified as held for sale | 825 | — | — | — | — | ||||||
| Total assets | 154 786 | 156 237 | 170 106 | 115 586 | 96 917 | ||||||
| Ordinary shareholders’ interest | 71 855 | 70 011 | 76 386 | 47 315 | 38 696 | ||||||
| Non-controlling interest | 2 219 | 2 855 | 4 156 | 4 187 | 4 033 | ||||||
| Interest-bearing liabilities | 35 328 | 36 917 | 41 590 | 33 657 | 32 979 | ||||||
| Non-interest-bearing liabilities | 38 344 | 40 788 | 42 985 | 27 751 | 18 431 | ||||||
| Deferred taxation | 7 040 | 5 666 | 4 989 | 2 676 | 2 778 | ||||||
| Total liabilities | 80 712 | 83 371 | 89 564 | 64 084 | 54 188 | ||||||
| Total equity and liabilities | 154 786 | 156 237 | 170 106 | 115 586 | 96 917 | ||||||
| Cash flow statement – extracts (Rm) | 50 536 | 49 632 | 44 836 | 34 334 | 22 934 | ||||||
| Cash generated from operations | 34 728 | 36 282 | 34 236 | 25 850 | 17 622 | ||||||
| Net cash in flows from operating activities | (15 701) | (33 192) | (27 177) | (17 152) | (35 711) | ||||||
| Net cash outflows from investing activities | |||||||||||
| Net cash outflows from financing activities | (2 055) | (926) | 292 | (2 135) | 18 993 | ||||||
| Cash and cash equivalents | 35 907 | 22 646 | 25 596 | 15 546 | 9 008 | ||||||
| Dividends paid | (6 313) | (3 381) | (2 536) | (1 675) | (1 083) | ||||||
| Capital expenditure | (15 343) | (27 720) | (26 896) | (15 348) | (9 796) | ||||||
| Performance per ordinary share | |||||||||||
| Basic headline earnings (cents) | 760,6 | 803,2 | 836,5 | 584,8 | 606,5 | ||||||
| Adjusted headline earnings (cents) | 747,0 | 754,3 | 904,4 | 681,9 | 584,7 | ||||||
| Attributable earnings (cents) | 776,2 | 791,4 | 821,0 | 569,9 | 605,4 | ||||||
| Dividends (cents) | 343,0 | 181,0 | 136,0 | 90,0 | 65,0 | ||||||
| Net asset value – book value (rands)(1) | 38,1 | 38,2 | 41,0 | 25,4 | 20,8 | ||||||
| Returns and pro tability ratios | |||||||||||
| Return on assets (%)(2) | 20,7 | 19,4 | 21,3 | 21,5 | 22,7 | ||||||
| Return on average shareholders’ funds (%)(3) | 19,8 | 20,3 | 25,2 | 25,3 | 36,4 | ||||||
| EBITDA margin (%) | 41,5 | 41,1 | 42,1 | 43,5 | 43,4 | ||||||
| Enterprise value/EBITDA multiple (times)(4) | 5,4 | 5,3 | 5,1 | 8,1 | 8,3 | ||||||
| E ective taxation rate (%) | 40,1 | 33,4 | 39,9 | 39,5 | 17,6 | ||||||
| Solvency and liquidity ratios | |||||||||||
| Gearing (%)(5) | (1,2) | 16,7 | 16,0 | 31,2 | 53,6 | ||||||
| Interest cover (times)(6) | 5,2 | 2,6 | 3,5 | 4,6 | 4,9 | ||||||
| Dividends cover (times)(7) | 2,2 | 4,2 | 4,6 | 4,3 | 6,3 | ||||||
| Net debt to EBITDA(8) | — | 0,3 | 0,3 | 0,5 | 1,0 | ||||||
| Operating cash flow/revenue (%) | 44,1 | 44,3 | 43,7 | 46,9 | 44,5 | ||||||
| Share performance | |||||||||||
| Number of ordinary shares in issue (million) | |||||||||||
| – at year end | 1 885 | 1 841 | 1 868 | 1 865 | 1 860 | ||||||
| – weighted average during the year | 1 884 | 1 851 | 1 865 | 1 862 | 1 752 | ||||||
| Closing price (cents per share) | 13 442 | 11 790 | 10 850 | 12 806 | 8 530 | ||||||
| Market capitalisation (Rm) | 253 318 | 216 999 | 202 385 | 238 806 | 158 684 |
| Definitions | |
| (1) | Ordinary shareholders’ interest dividend by the number of ordinary shares in issue at year end |
| (2) | Profit from operations as a percentage of the average of the opening and closing balances of total assets |
| (3) | Headline earnings as a percentage of the average of the opening and closing balances of ordinary shareholders’ interest |
| (4) | Market capitalisation less net debt (interest-bearing liabilities less bank balances, deposits and cash) divided by EBITDA |
| (5) | Net debt as a percentage of total equity |
| (6) | Profit from operations divided by finance costs |
| (7) | Headline earnings divided by total dividend |
| (8) | Interest-bearing liabilities less cash divided by EBITDA |
| Operational information | December 2010 |
December 2009 |
December 2008 |
December 2007 |
December 2006 |
||||||
| South Africa | |||||||||||
| Mobile penetration (%) | 105 | 103 | 97 | 86 | 74 | ||||||
| Market share (%) | 36 | 32 | 36 | 36 | 36 | ||||||
| Subscribers (million) | 19 | 16 | 17 | 15 | 12 | ||||||
| ARPU (ZAR) | 154 | 126 | 164 | 149 | 159 | ||||||
| EBITDA margin (%) | 34 | 31 | 33 | 35 | 34 | ||||||
| Capex/sales (%) | 11 | 18 | 15 | 10 | 10 | ||||||
| Nigeria | |||||||||||
| Mobile penetration (%) | 49 | 42 | 36 | 28 | 19 | ||||||
| Market share (%) | 52 | 50 | 44 | 43 | 46 | ||||||
| Subscribers (million) | 39 | 31 | 23 | 17 | 12 | ||||||
| ARPU (USD) | 11 | 12 | 16 | 17 | 18 | ||||||
| EBITDA margin (%) | 63 | 59 | 58 | 57 | 57 | ||||||
| Capex/sales (%) | 14 | 31 | 30 | 24 | 25 | ||||||
| Ghana | |||||||||||
| Mobile penetration (%) | 67 | 61 | 50 | 33 | 22 | ||||||
| Market share (%) | 53 | 55 | 55 | 52 | 52 | ||||||
| Subscribers (million) | 9 | 8 | 6 | 4 | 3 | ||||||
| ARPU (USD) | 7 | 8 | 12 | 15 | 17 | ||||||
| EBITDA margin (%) | 44 | 45 | 46 | 51 | 42 | ||||||
| Capex/sales (%) | 54 | 46 | 31 | 31 | 28 | ||||||
| Iran | |||||||||||
| Mobile penetration (%) | 92 | 80 | 61 | 37 | 20 | ||||||
| Market share (%) | 44 | 40 | 37 | 23 | 1 | ||||||
| Subscribers (million) | 30 | 23 | 16 | 6 | * | ||||||
| ARPU (USD) | 8 | 8 | 9 | 10 | 9 | ||||||
| EBITDA margin (%) | 41 | 35 | 30 | (13) | (75) | ||||||
| Capex/sales (%) | 18 | 44 | 56 | 116 | 1 003 | ||||||
| Syria | |||||||||||
| Mobile penetration (%) | 50 | 46 | 38 | 26 | 26 | ||||||
| Market share (%) | 45 | 45 | 46 | 46 | 46 | ||||||
| Subscribers (million) | 5 | 4 | 4 | 2 | 2 | ||||||
| ARPU (USD) | 16 | 18 | 19 | 17 | 17 | ||||||
| EBITDA margin (%) | 24 | 20 | 28 | 35 | 32 | ||||||
| Capex/sales (%) | 6 | 11 | 16 | 17 | 10 |
* Amount less than R1 million
|