| |
2017
Rm |
|
|
2016
Rm |
|
| Profit before tax |
9 555 |
|
|
5 243 |
|
| Adjusted for: |
|
|
|
|
|
| Finance costs (note 2.5) |
12 755 |
|
|
14 919 |
|
| Finance income (note 2.5) |
(3 488) |
|
|
(4 424) |
|
| Depreciation of property, plant and equipment (note 5.1) |
19 277 |
|
|
20 988 |
|
| Amortisation of intangible assets (note 5.2) |
4 490 |
|
|
4 748 |
|
| Gain on disposal of property, plant, equipment and intangible ) assets (note 2.4) |
(8) |
|
|
(43) |
|
| Loss on disposal of joint venture (note 9.2) |
– |
|
|
626 |
|
| Gain on disposal of subsidiary |
– |
|
|
(130) |
|
| Gain on dilution of investment in joint venture (note 2.3) |
(28) |
|
|
(277) |
|
| Share of results of associates and joint ventures after tax (note 9.2) |
(841) |
|
|
127 |
|
| Increase/(decrease) in provisions |
982 |
|
|
(5 674) |
|
| Write-down of inventories (note 4.1) |
162 |
|
|
39 |
|
| Impairment of goodwill (note 5.2) |
2 631 |
|
|
873 |
|
| Impairment loss on property, plant and equipment (note 5.1) |
2 518 |
|
|
175 |
|
| Net impairment loss on licences, software and other (note 5.2) |
527 |
|
|
30 |
|
| Impairment of trade receivables (note 4.2) |
836 |
|
|
459 |
|
| Realisation of previously deferred gain on Ghana tower sale (note 2.3) |
(27) |
|
|
(31) |
|
| Share-based payment transactions (note 8.4) |
193 |
|
|
(40) |
|
| Net monetary gain |
(264) |
|
|
(1 723) |
|
| Share-based payment transaction with MTN Zakhele Futhi (note 8.1) |
434 |
|
|
1 008 |
|
| Gain on exercise of exchange right of IHS (note 2.3) |
(6 017) |
|
|
– |
|
| Loss on derecognition of long-term loan receivable (note 2.6) |
2 840 |
|
|
– |
|
| Gain on modification of financial liabilities (note 2.3) |
(323) |
|
|
– |
|
| Other |
(299) |
|
|
(44) |
|
| |
45 905 |
|
|
36 849 |
|
| Changes in working capital |
(7 421) |
|
|
18 832 |
|
| Decrease in inventories |
485 |
|
|
1 119 |
|
| Decrease in unearned income |
(23) |
|
|
(423) |
|
| (Increase)/decrease in receivables and prepayments |
(2 301) |
|
|
4 032 |
|
| (Decrease)/increase in trade and other payables |
(5 582) |
|
|
14 104 |
|
| |
|
|
|
|
|
| Cash generated from operations |
38 484 |
|
|
55 681 |
|
