MTN Group Limited Integrated Report for the year ended 31 December 2013

Annual Financial
Statements

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Group statement of financial position

at 31 December 2013

	Note	2013 December Rm	2012* December Rm	2012* January Rm
ASSETS
Non-current assets		150 910	120 199	110 055
Property, plant and equipment	11	92 903	73 905	64 914
Intangible assets and goodwill	12	37 751	32 594	32 672
Investments	13	111	–	–
Investment in associates and joint ventures	14	12 643	4 645	6 359
Loans and other non-current receivables	15	5 458	7 764	5 081
Deferred tax assets	16	2 044	1 291	1 029
Current assets		75 911	55 875	64 018
Non-current assets held for sale	17	1 281	1 373	820
Inventories		74 630	54 502	63 198
	18	3 226	2 547	2 561
Trade and other receivables	19	24 159	16 644	16 761
Taxation prepaid	32	859	555	409
Current investments	20	4 542	6 585	9 265
Derivative assets	21	22	191	9
Restricted cash	22	2 222	5 272	526
Cash and cash equivalents	23	39 600	22 708	33 667

Total assets		226 821	176 074	174 073
EQUITY
Ordinary share capital and share premium	24	42 598	42 593	44 678
Retained earnings		77 831	62 247	56 567
Other reserves	25	(5 991)	(15 834)	(12 348)
Attributable to equity holders of the Company		114 438	89 006	88 897
Non-controlling interests		5 333	3 881	3 802
Total equity		119 771	92 887	92 699
LIABILITIES
Non-current liabilities		49 066	32 713	32 718
Borrowings	26	34 664	21 322	23 139
Deferred tax liabilities	16	12 676	8 711	7 966
Other non-current liabilities	27	1 369	2 262	1 613
Provisions	28	357	416	–
Derivative liabilities	21	–	2	–
Current liabilities		57 984	50 474	48 656
Trade and other payables	30	27 449	22 157	20 361
Unearned income		7 004	6 604	6 645
Provisions	28	4 637	3 931	3 120
Taxation liabilities	32	7 530	6 790	8 279
Borrowings	26	11 338	10 593	9 476
Derivative liabilities	21	3	14	4
Put option liability	29	–	216	178
Bank overdrafts	23	23	169	593

Total liabilities		107 050	83 187	81 374
Total equity and liabilities		226 821	176 074	174 073

^*	2012 amounts restated to exclude the Group’s proportionate share relating to its interests in joint ventures and to include the inter-entity balances previously eliminated on proportionate consolidation, refer to note 48.