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134 Telkom Annual Report 2009 Financial review (continued) Nominal amount Out- out standing standing Maturing Interest Interest as of as of Year ended March 31, payment rate/ March 31, March 31, After dates coupon 2009 2009 2010 2011 2012 2013 2014 2014 (in millions) (%) ZAR ZAR ZAR ZAR ZAR ZAR ZAR ZAR Other Trudon (Pty) Ltd Various finance leases – Various 2 2 1 1 – – – – Telkom Media (Pty) Ltd Various loans – 13% 9 9 – 5 2 2 – – Multi-Links Telecommunications Limited Naira 1,100 million Commercial paper – 18.5% 70 70 70 – – – $18 million Export Development Bank LIBOR of Canada funding – + 1.25% 157 157 35 – – 122 – – $41.6 million Huawei Vendor Financing LIBOR Facility funding – + 2% 323 323 – – 323 – – – Africa Online Limited Various loans – Various 11 11 4 7 – – – – Bank overdrafts and other short-term debt – 20 20 20 – – – – – Total other 592 592 130 13 325 124 – – Grand total 18,402 19,979 7,830 2,044 1,158 1,193 3,280 4,474 1. Listed on the Bond Exchange of South Africa. 2. The TL12 was issued on April 29, 2009 at a yield to maturity of 12.47% and listed on the Bond Exchange of South Africa. 3. The TL15 was issued on April 29, 2009 at a yield to maturity of 11.91% and listed on the Bond Exchange of South Africa. 4. 2,500 of these bonds were issued on February 22, 2000 at a yield to maturity of 15.00%. The TL20 bond was listed on the Bond Exchange of South Africa with effect of April 1, 2005. 5. Issued on February 25, 2000. Original amount issued was R430 million. The yield to maturity of this instrument issued by Telkom is 14.37%. 6. Issued on June 15, 2000. Original amount issued was R1,350 million. The yield to maturity of this instrument is 15.175%. 7. Agreement effective from December 17, 2008 for three and five years. 8. R138 million of Telkom's indebtedness outstanding as of March 31, 2009 was guaranteed by the government of South Africa. Euro loans converted at the spot rate. 9. Secured by land and buildings.
challeng Consolidated financial statements Directors’ responsibility statement 137 Certificate from Group Company Secretary 137 Report of independent auditors 138 Directors’ report 140 Consolidated income statement 142 Consolidated balance sheet 143 Consolidated statement of changes in equity 144 Consolidated cash flow statement 145 Notes to the consolidated annual financial statements 146 economic conditions contributed to a difficult year Group overview Management review Sustainability review Performance review Financial statements Company Financial Information 1 2 3 4 5 6
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We are... one of Africa’s largest
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Telkom shareholding as at March 31,
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Grow profitable revenue through wir
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600 500 400 300 200 100 0 07 08 09
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The telecommunications industry Con
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egulation that stipulated standard
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a - Euros a - Euros a - Euros 0.25
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ated management team with experienc
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The regulatory environment The regu
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On target for 2010 Telkom Annual Re
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Online impairments, the fixed-line
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• Remodelling - reaching for new
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in this annual report has been upda
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Capital expenditure for the Group i
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More than100 years of combined tele
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Management team Telkom Annual Repor
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Telkom Annual Report 2009 33 Age at
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uild a partnership with communities
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Customers: Through our Customer Cen
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• Interfacing with the media Whil
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Partnering with Human Resources Gro
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The members’ resignations and app
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Share dealings In line with JSE Lis
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NYSE rules Telkom practice Telkom A
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the codes of conduct and ethics tha
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Telkom Annual Report 2009 51 Enterp
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provider, we practice a risk manage
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egulate the business of dealers in
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addressing a number of significant
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There was a major Over the past dec
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payment policy that facilitates the
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Headcount movement Compensation and
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• Accelerated development of wome
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14,500 union members participated i
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were admitted to the university in
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ole in exposing students to the rea
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Sick leave indices • We saved R2
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These will be augmented by another
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Some of the key deliverables are:
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Fittingly, the initiative was launc
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Sponsorships Sponsorships continue
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Page 97 and 98: MWEB Africa On April 21, 2009, we a
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Page 117 and 118: Telkom Annual Report 2009 117 Fixed
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346 VOTING AND PROXIES Ordinary sha
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Notes Telkom Annual Report 2009 1.
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