MTN Group Limited Integrated Report 2016

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About this report
This integrated report is MTN Group
Limited’s (MTN, theGroup or theCompany)
primary communication to stakeholders. It
explains who we are; how we create value
and interact with our stakeholders; how
we implement strategy and remunerate
our people; and how we are governed. It
gives our performance in 2016 and our
prospects ahead.
Scope and boundary
Material issues are those with the potential to affect, both
positively and negatively, our ability to create value. Along with
our strategy, they form the anchor of this report and determine its
content. Details of our material issues, which are identified by ,
are on 8 – 9. How we respond to them is detailed throughout.
The report gives commentary, performance measures and
prospects for the Group’s main operations for the period
1 January to 31 December 2016. We provide supplementary
information in associated reports on MTN’s website. The
sustainability and corporate governance reports, as well as a full
set of annual financial statements (AFS) and a tax report, are
available at
Reporting principles
Financial information
The Group applies International Financial Reporting Standards
(IFRS) as issued by the International Accounting Standards Board
and interpretations as issued by the IFRS Interpretations
Committee, complies with the SAICA Financial Reporting Guides
as issued by the Accounting Practices Committee and Financial
Reporting Pronouncements as issued by the Financial Reporting
Standards Council. We also comply with the JSE Listings
Requirements and the Companies Act of 2008. In parts of this
report, we include data on MTN Irancell as it is a large and
important operation. However, under IFRS, this business is equity
accounted for. The audit committee recommends to the board,
which approves the AFS. The AFS are jointly audited by
PricewaterhouseCoopersInc.(PwC)andSizweNtsalubaGobodoInc.
Non-financial information
Local and global standards and guidelines are used in compiling
non-financial information. The key standards of reference are
the JSE Listings Requirements, the Companies Act of 2008,
King Code of Governance Principles for South Africa 2009
(King III), the International Integrated Reporting Council (IIRC)
guidelines, the FTSE/JSE Responsible Investment Index, the
United Nations Global Reporting Initiative G4 Sustainability
Reporting Guidelines, the telecommunications sector supplement
and the CDP standard. We are preparing to implement King IV
principles. Non-financial information on certain aspects of the
business has been externally assured by PwC, and is identified
by LA . These appear throughout the report and, on 90. The
assurance statement is online .
Enhancements in the year
Every year we work to enhance our report. Improvements this
year include:
• A simplified graphic on how we create value.
• More comprehensive disclosure on our use of and impact on
each of the six capitals.
• Detailed stakeholder engagement coverage.
• Greater discussion on our operating context and investment case.
Approval by the board
The structure and layout of this report is based on guidance in
the latest integrated reporting framework set by the IIRC. The
report was prepared under the supervision of acting Group CFO
Gunter Engling CA(SA). The audit committee ensures the integrity
of the report and has applied its collective mind to its preparation
and presentation. The directors are responsible for the integrated
report as a whole, which they approved in March 2017.
Navigation
MTN’s strategy ( 30) is driven through five
strategic themes, the icons of which are:
Creating and managing stakeholder value
Creating a distinct customer experience
Driving sustainable growth
Transforming our operating model
Innovation and best practice
Other icons
Limited assurance obtained
Material issue
* Constant currency (organic) information.
** Reported – includes hyperinflation and the relating goodwill
impairment, tower profits, Nigeria fine and MTN Zakhele Futhi
impact.
*** The forward-looking financial information disclosed in this
integrated report has not been reviewed or audited or
otherwise reported on by our external joint auditors.
Online reports
Governance report
Sustainability report
Annual financial statements
Tax report
Social and ethics report
Stakeholder engagement table
We welcome feedback on this report at:
LA
G R
S R
AFS
TAX
S E
S H