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188 <strong>Telkom</strong> Annual Report 2009 Notes to the consolidated annual financial statements (continued) for the three years ended March 31, 2009 13. FINANCIAL INSTRUMENTS AND RISK MANAGEMENT (continued) 13.6 Sensitivity analysis (continued) Interest rate risk (continued) +1% movement –1% movement Other Other movements movements Profit in equity Profit in equity Rm Rm Rm Rm 2008 Classes of financial instruments per balance sheet Assets Trade and other receivables Liabilities 5 – (5) – Interest-bearing debt (62) – 62 – (57) – 57 – 2007 Classes of financial instruments per balance sheet Assets Trade and other receivables Liabilities 4 – (4) – Interest-bearing debt (1) – 1 – Other financial liabilities 2 – (2) – Forward exchange contract 2 – (2) 5 – (5) – Foreign exchange currency risk The following table illustrates the sensitivity to a reasonably possible change in the exchange rates, with all other variables held constant. +10% movement –10% movement (depreciation) (appreciation) Other Other movements movements Profit in equity Profit in equity Rm Rm Rm Rm 2009 Classes of financial instruments per balance sheet Assets Trade and other receivables 40 – (40) Other financial assets 1 – (1) – Forward exchange contract 1 – (1) – Liabilities Interest-bearing debt (70) – 70 – Trade and other payables (173) – 173 – Other financial liabilities 128 – (128) – Forward exchange contract 128 – (128) – (74) – 74 –
13. FINANCIAL INSTRUMENTS AND RISK MANAGEMENT (continued) 13.6 Sensitivity analysis (continued) Foreign exchange currency sensitivity (continued) <strong>Telkom</strong> Annual Report 2009 189 Notes to the consolidated annual financial statements (continued) for the three years ended March 31, 2009 +10% movement –10% movement (depreciation) (appreciation) Other Other movements movements Profit in equity Profit in equity Rm Rm Rm Rm 2008 Classes of financial instruments per balance sheet Assets Trade and other receivables 10 – (10) – Other financial assets 331 – (331) – Forward exchange contract 331 – (331) – Liabilities Interest-bearing debt 68 – (68) – Trade and other payables (95) – 95 – Other financial liabilities (153) – 153 – Forward exchange contract (153) – 153 – 161 – (161) – 2007 Classes of financial instruments per balance sheet Assets Trade and other receivables 10 – (10) – Other financial assets 74 – (74) – Forward exchange contract 74 – (74) – Liabilities Interest-bearing debt 10 – (10) – Trade and other payables (40) – 40 – Other financial liabilities 11 – (11) – Forward exchange contract 11 – (11) – 45 – (45) –
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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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Item Comment and reference Governan
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espond to competitive challenges Pe
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Operational review History and deve
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service. All costs including instal
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Traffic was adversely affected in b
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Telkom’s focus on bringing new in
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esponse of the CDMA operators to ou
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MWEB Africa On April 21, 2009, we a
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VPN model that allows other service
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services and also to support Telkom
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Telkom’s fixed-line voice busines
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Results of operations The Telkom Gr
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EBITDA can be reconciled to operati
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Telkom Annual Report 2009 109 Finan
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Fixed-line operating revenue increa
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The following table sets forth info
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Interconnection revenue Year ended
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Telkom Annual Report 2009 117 Fixed
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Fixed-line payments to other networ
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Service fees increased in the year
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Vodacom’s operating revenue from
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our fixed-line business, which were
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Vodacom’s selling, general and ad
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The increase in other operating rev
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commercial paper bills, as well as
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The following table sets forth our
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challeng Consolidated financial sta
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346 VOTING AND PROXIES Ordinary sha
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Notes Telkom Annual Report 2009 1.
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