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238 Telkom Annual Report 2009 Notes to the consolidated annual financial statements (continued) for the three years ended March 31, 2009 41. SEGMENT INFORMATION (continued) 2007 2008 2009 Rm Rm Rm Disposal group – – 23,482 South Africa 20,693 Other African countries 9,597 Elimination (6,808) Capital expenditure for property, plant and equipment and intangible assets 10,246 11,899 9,631 South Africa 9,459 9,780 6,735 Other African countries 787 2,119 2,896 Disposal group – – 3,603 South Africa 2,443 Other African countries 1,213 Elimination (53) ’South Africa’, which is also the country of domicile for Telkom, comprises the segment information relating to Telkom and its South African subsidiaries as well as Vodacom’s South African-based mobile communications network, the segment information of its service providers is included in the disposal group. ‘Other African countries’ comprises Telkom’s subsidiaries Africa Online Limited and Multi-Links Telecommunications Limited as well as Vodacom’s mobile communications network in Tanzania, Lesotho, the Democratic Republic of the Congo and Mozambique.
Telkom Annual Report 2009 239 Notes to the consolidated annual financial statements (continued) for the three years ended March 31, 2009 42. RELATED PARTIES Details of material transactions and balances with related parties not disclosed separately in the consolidated annual financial statements were as follows: 2007 2008 2009 Rm Rm Rm With joint venture: Vodacom Group (Proprietary) Limited Related party balances Trade receivables 61 51 61 Trade payables (353) (346) (325) Related party transactions Revenue (755) (816) (891) Expenses 1,494 1,525 1,533 Audit fees 3 3 2 Revenue includes interconnect fees and lease and installation of transmission lines. Expenses mostly represent interconnect expenses. With shareholders: Public Investment Corporation There were no material transactions between Telkom and the Public Investment Corporation. Government Related party balances Trade receivables 271 326 386 Related party transactions Revenue (2,458) (2,623) (2,767) With entities under common control: Major public entities Related party balances Trade receivables 59 28 52 Trade payables (6) (25) (3) The outstanding balances are unsecured and will be settled in cash in the ordinary course of business. Related party transactions Revenue (435) (486) (446) Expenses 238 243 212 Rent received (29) (21) (20) Rent paid 27 22 19 Key management personnel compensation: (Including directors’ emoluments) Related party transactions Short-term employee benefits 116 155 62 Post-employment benefits 4 4 6 Termination benefits – 27 – Equity compensation benefits 8 29 39 Other long-term benefits 17 – – The fair value of the shares that vested in the current year is R11 million (2008: R12 million; 2007: RNil). Terms and conditions of transactions with related parties The sales to and purchases from related parties of telecommunication services are made at arm’s length prices. Except as indicated above, outstanding balances at the year end are unsecured, interest-free and settlement occurs in cash. Apart from the bank guarantee to the amount not exceeding R23 million provided to Africa Online Limited, there have been no guarantees provided or received for related party receivables or payables.
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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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138 Telkom Annual Report 2009
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140 Telkom Annual Report 2009 Direc
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142 Telkom Annual Report 2009 Conso
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144 Telkom Annual Report 2009 Conso
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146 Telkom Annual Report 2009 Notes
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346 VOTING AND PROXIES Ordinary sha
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Notes Telkom Annual Report 2009 1.
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