Telkom AR front.qxp

Notes to the annual financial statements (continued)
for the three years ended March 31, 2009
Telkom Annual Report 2009 311
2007 2008 2009
Rm Rm Rm
29. DIVIDEND RECEIVED 2,950 3,536 3,242
Dividend income per income statement (refer to note 6) 3,006 3,597 2,747
Dividend accrued for the previous year 1,479 1,535 1,595
Dividend accrued for the current year (1,535) (1,596) (1,100)
Dividend received consists of: 2,950 3,536 3,242
Dividend received from joint venture 2,650 2,825 3,095
Dividend received from subsidiaries 300 711 147
30. FINANCE CHARGES PAID (886) (842) (466)
Finance charges per income statement (1,027) (1,289) (1,460)
Non-cash items 141 447 994
Movements in interest accruals (81) 49 255
Net discount amortised 409 568 698
Fair value adjustment (172) (275) (29)
Unrealised (loss)/gain (15) 105 70
31. TAXATION PAID (3,852) (1,716) (1,764)
Taxation (payable)/receivable at beginning of year (1,164) 519 (7)
South African normal company taxation (excluding deferred taxation) (1,874) (1,879) (1,510)
Secondary taxation on companies (295) (363) (156)
Taxation (payable)/receivable at end of year (519) 7 (91)
32. DIVIDEND PAID (4,874) (5,858) (3,435)
Dividend payable at beginning of year (4) (15) (20)
Declared during the year – dividend on ordinary shares: (4,885) (5,863) (3,438)
Final dividend for 2006: 500 cents (2,714) – –
Special dividend for 2006: 400 cents (2,171) – –
Final dividend for 2007: 600 cents – (3,198) –
Special dividend for 2007: 500 cents – (2,665) –
Final dividend for 2008 : 660 cents (3,438)
Dividend payable at end of year 15 20 23