Group income statement

for the year ended 31 December 2017

	Note		2017  Rm		2016  Rm
Revenue	2.2		132 815		147 920
Other income	2.3		6 591		335
Direct network and technology operating costs			(25 077)		(23 520)
Costs of handsets and other accessories			(10 764)		(12 304)
Interconnect and roaming			(10 974)		(13 393)
Staff costs	2.4		(9 082)		(9 152)
Selling, distribution and marketing expenses			(17 276)		(19 172)
Government and regulatory costs			(5 150)		(5 191)
Other operating expenses			(14 128)		(14 273)
EBITDA before Nigeria regulatory fine			46 955		51 250
Nigeria regulatory fine	1.5.8		–		(10 499)
EBITDA			46 955		40 751
Depreciation of property, plant and equipment	5.1		(19 277)		(20 988)
Amortisation of intangible assets	5.2		(4 490)		(4 748)
Impairment of goodwill	5.2		(2 631)		(873)
Operating profit	2.4		20 557		14 142
Finance income	2.5		3 488		4 424
Finance costs	2.5		(12 755)		(14 919)
Loss on derecognition of long-term loan receivable	2.6		(2 840)		–
Net monetary gain			264		1 723
Share of results of associates and joint ventures after tax	9.2		841		(127)
Profit before tax			9 555		5 243
Income tax expense	3.1		(5 014)		(8 346)
Profit/(loss) after tax			4 541		(3 103)
Attributable to:
Equity holders of the company			4 414		(2 614)
Non-controlling interests			127		(489)
			4 541		(3 103)
Basic earnings/(loss) per share (cents)	2.7		246		(144)
Diluted earnings/(loss) per share (cents)	2.7		241		(144)