Abridged financial report for the year ended 31 March 2013, posting of Integrated Annual Report and notice of Annual
Telkom SA SOC LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1991/0054776/30)
JSE CODE: TKG
ISIN CODE: ZAE000044897
(“Telkom” or “the Company” or “Group”)
Abridged financial report for the year ended 31 March 2013, posting of Integrated
Annual Report and notice of Annual General Meeting
1. Update on the statement of financial position as at 31 March 2013
Shareholders of Telkom (“Shareholders”) are advised that the Company’s Integrated Annual
Report containing the Group audited financial statements for the year ended 31 March 2013
was posted on Thursday, 29 August 2013. There has been no change from the audited
provisional results for the year ended 31 March 2013, which were published on 15 June
2013; except for a re-classification between tangible and intangibles assets on the statement
of financial position (refer to page 145 of the Integrated Report, or page 110 of the Abridged
Report). The reclassification is as a result of the allocation of a portion of the impairment of
intangible assets to tangible assets. The Integrated Annual Report will be made available on
the Company’s website on www.telkom.co.za/ir.
Accordingly the abridged statement of financial position as at 31 March 2013 is as follows:
Abridged consolidated statement of financial position as at 31 March 2013
Audited Audited
2013 2012
Rm Rm
Notes
Assets
Non-current assets 29 989 42 362
Property, plant and equipment 1 24 524 36 155
Intangible assets 2 2 581 3 555
Investments 2 492 2 260
Deferred expenses 50 47
Other financial assets 83 48
Finance lease receivables 219 244
Deferred taxation 40 53
Current assets 11 638 10 206
Inventories 1 166 993
Income tax receivable 16 26
Current portion of finance lease
131 128
receivables
Trade and other receivables 5 804 5 696
Other financial assets 2 134 2 195
Cash and cash equivalents 2 387 1 168
Total assets 41 627 52 568
Equity and liabilities
Equity attributable to owners
17 850 29 707
of the parent
Share capital 5 208 5 208
Treasury shares (771) (771)
Non-distributable reserves 2 164 1 887
Retained earnings 11 249 23 383
Non-controlling interests 379 434
Total equity 18 229 30 141
Non-current liabilities 10 268 12 718
Interest-bearing debt 3 899 5 897
Other financial liabilities 12 26
Employee related provisions 5 150 4 880
Non-employee related provisions 238 36
Deferred revenue 952 1 132
Deferred taxation 17 747
Current liabilities 13 130 9 709
Trade and other payables 4 661 4 291
Shareholders for dividend 22 23
Current portion of interest-bearing
2 758 1 289
debt
Current portion of employee related
2 605 1 652
provisions
Current portion of non-employee
786 240
related provisions
Current portion of deferred revenue 1 740 1 995
Income tax payable 501 87
Other financial liabilities 54 129
Credit facilities utilised 3 3
Total liabilities 23 398 22 427
Total equity and liabilities 41 627 52 568
Notes:
1. Property plant and equipment decreased from R24,956 million to R24,524
million as a portion of the impairment was reallocated from intangible assets
to property, plant and equipment.
2. Intangible assets increased from R2,148 million to R2, 581 million as a
portion of the impairment was reallocated from intangible assets to property,
plant and equipment.
2. Annual General Meeting
Notice is hereby given that the 21st annual general meeting of the company will be held in
The Gallagher Grill, Gallagher Convention Centre, 19 Richards Drive, Midrand, South Africa
on Friday, 27 September 2013 at 09:00.
The record date for Shareholders to attend, participate in and vote at the annual general
meeting is Friday, 20 September 2013. Accordingly the last day to trade to attend,
participate in and vote at the annual general meeting is Friday, 13 September 2013.
Pretoria
30 August 2013
Sponsor
The Standard Bank of South Africa Limited
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