Telkom AR front.qxp

Telkom Annual Report 2009 195
Notes to the consolidated annual financial statements (continued)
for the three years ended March 31, 2009
2007 2008 2009
Rm Rm Rm
21. NET CASH AND CASH EQUIVALENTS 308 (208) 1,282
Net cash and cash equivalents attributable to continuing operations 308 (208) 1,804
Cash shown as current assets 749 1,134 1,931
Cash and bank balances 649 664 1,361
Short-term deposits 100 470 570
Credit facilities utilised (441) (1,342) (127)
Net cash and cash equivalents attributable to disposal groups – – (522)
Cash at banks and short-term deposits attributable to disposal groups – – 580
Credit facilities utilised – – (1,102)
Undrawn borrowing facilities 8,658 7,565 6,237
The undrawn borrowing facilities are unsecured, when drawn bear interest at a rate that will be mutually agreed between the borrower
and lender at the time of drawdown, have no specific maturity date and are subject to annual review. The facilities are in place to ensure
liquidity. At March 31, 2009, R3,000 million of these undrawn facilities were committed by Telkom.
Borrowing powers
To borrow money, Telkom’s directors may mortgage or encumber Telkom’s property or any part thereof and issue debentures, whether
secured or unsecured, whether outright or as security for debt, liability or obligation of Telkom or any third party. For this purpose the
borrowing powers of Telkom are unlimited, but are subject to the restrictive financial covenants of the loan facilities indicated on note 28.