Telkom AR front.qxp

More documents

Recommendations

Info

328 Telkom Annual Report 2009 Notes to the annual financial statements (continued) for the three years ended March 31, 2009 37. RELATED PARTIES (continued) 2007 2008 2009 Rm Rm Rm With subsidiaries: (continued) Special purpose entity – cell captive Related party balances Investment – sinking fund (refer to note 11) 535 535 535 Related party transactions Investment income (19) – – Africa Online Limited (Africa Online) Related party balances Loan to subsidiary – 74 236 Trade receivables – – 4 Trade payables – (4) – Related party transactions Revenue – (4) – Investment income – (2) (11) The loan is unsecured and bears interest at 3 month US$ LIBOR plus 5%. The loan has no fixed repayment terms. Multi-Links Telecommunications (Proprietary) Limited (Multi-Links) Related party balances Loan to subsidiary – 840 5,225 Trade receivables – – 75 Trade payables – (21) – Related party transactions Revenue – (21) (55) Investment income – (34) (178) The loan is unsecured and bears interest at 3 month US$ LIBOR plus 5%. The loan may be prepaid in full or in whole, provided that each part prepayment may not be less than US$1 million. The advances must be repaid on May 1, 2009, July 1, 2009 and January 29, 2010. Telkom International (Proprietary) Limited Related party transactions Loan to subsidiary – 1,985 1,985 Impairment of loan – – (874) The loan has been used to purchase a 75% shareholding in Multi-Links Telecommunications (Proprietary) Limited. The loan is unsecured and has no fixed repayment term.
Notes to the annual financial statements (continued) for the three years ended March 31, 2009 37. RELATED PARTIES (continued) With subsidiaries: (continued) Telkom Media (Proprietary) Limited Related party transactions Telkom Annual Report 2009 329 2007 2008 2009 Rm Rm Rm Loan to subsidiary – 326 471 Impairment of loan – (217) (471) The loan is interest-free and has no repayment terms. Telkom Foundation Related party transactions Expenses 54 58 54 With entities under common control: Major public entities Related party balances Trade receivables 51 26 50 Trade payables (2) (5) (3) The outstanding balances are unsecured and will be settled in cash in the ordinary course of business. Related party transactions Revenue (400) (485) (445) Expenses 206 201 180 Rent received (29) (21) (20) Rent paid 18 18 19 Income with major public entities for the year ended March 31, 2007 has been restated due to additional BAN numbers being included in our calculation of income with major public entities. The effect of this is only on the disclosure of the related party note and has a RNil effect on the Company’s profit. Key management personnel compensation: (Including directors’ emoluments) Related party transactions Short-term employee benefits 108 114 54 Post-employment benefits 3 3 5 Termination benefits – 27 – Equity compensation benefits 8 24 36 The fair value of the shares that vested in the current year is R11 million (2008: R12 million; 2007: RNil).
Page 1 and 2:
We are... one of Africa’s largest
Page 3 and 4:
Telkom shareholding as at March 31,
Page 5 and 6:
Grow profitable revenue through wir
Page 7 and 8:
600 500 400 300 200 100 0 07 08 09
Page 9 and 10:
The telecommunications industry Con
Page 11 and 12:
egulation that stipulated standard
Page 13 and 14:
a - Euros a - Euros a - Euros 0.25
Page 15 and 16:
ated management team with experienc
Page 17 and 18:
The regulatory environment The regu
Page 19 and 20:
On target for 2010 Telkom Annual Re
Page 21 and 22:
Online impairments, the fixed-line
Page 23 and 24:
• Remodelling - reaching for new
Page 25 and 26:
in this annual report has been upda
Page 27 and 28:
Capital expenditure for the Group i
Page 29 and 30:
More than100 years of combined tele
Page 31 and 32:
Management team Telkom Annual Repor
Page 33 and 34:
Telkom Annual Report 2009 33 Age at
Page 35 and 36:
uild a partnership with communities
Page 37 and 38:
Customers: Through our Customer Cen
Page 39 and 40:
• Interfacing with the media Whil
Page 41 and 42:
Partnering with Human Resources Gro
Page 43 and 44:
The members’ resignations and app
Page 45 and 46:
Share dealings In line with JSE Lis
Page 47 and 48:
NYSE rules Telkom practice Telkom A
Page 49 and 50:
the codes of conduct and ethics tha
Page 51 and 52:
Telkom Annual Report 2009 51 Enterp
Page 53 and 54:
provider, we practice a risk manage
Page 55 and 56:
egulate the business of dealers in
Page 57 and 58:
addressing a number of significant
Page 59 and 60:
There was a major Over the past dec
Page 61 and 62:
payment policy that facilitates the
Page 63 and 64:
Headcount movement Compensation and
Page 65 and 66:
• Accelerated development of wome
Page 67 and 68:
14,500 union members participated i
Page 69 and 70:
were admitted to the university in
Page 71 and 72:
ole in exposing students to the rea
Page 73 and 74:
Sick leave indices • We saved R2
Page 75 and 76:
These will be augmented by another
Page 77 and 78:
Some of the key deliverables are:
Page 79 and 80:
Fittingly, the initiative was launc
Page 81 and 82:
Sponsorships Sponsorships continue
Page 83 and 84:
Item Comment and reference Governan
Page 85 and 86:
espond to competitive challenges Pe
Page 87 and 88:
Operational review History and deve
Page 89 and 90:
service. All costs including instal
Page 91 and 92:
Traffic was adversely affected in b
Page 93 and 94:
Telkom’s focus on bringing new in
Page 95 and 96:
esponse of the CDMA operators to ou
Page 97 and 98:
MWEB Africa On April 21, 2009, we a
Page 99 and 100:
VPN model that allows other service
Page 101 and 102:
services and also to support Telkom
Page 103 and 104:
Telkom’s fixed-line voice busines
Page 105 and 106:
Results of operations The Telkom Gr
Page 107 and 108:
EBITDA can be reconciled to operati
Page 109 and 110:
Telkom Annual Report 2009 109 Finan
Page 111 and 112:
Fixed-line operating revenue increa
Page 113 and 114:
The following table sets forth info
Page 115 and 116:
Interconnection revenue Year ended
Page 117 and 118:
Telkom Annual Report 2009 117 Fixed
Page 119 and 120:
Fixed-line payments to other networ
Page 121 and 122:
Service fees increased in the year
Page 123 and 124:
Vodacom’s operating revenue from
Page 125 and 126:
our fixed-line business, which were
Page 127 and 128:
Vodacom’s selling, general and ad
Page 129 and 130:
The increase in other operating rev
Page 131 and 132:
commercial paper bills, as well as
Page 133 and 134:
The following table sets forth our
Page 135:
challeng Consolidated financial sta
Page 138 and 139:
138 Telkom Annual Report 2009
Page 140 and 141:
140 Telkom Annual Report 2009 Direc
Page 142 and 143:
142 Telkom Annual Report 2009 Conso
Page 144 and 145:
144 Telkom Annual Report 2009 Conso
Page 146 and 147:
146 Telkom Annual Report 2009 Notes
Page 148 and 149:
Page 150 and 151:
Page 152 and 153:
Page 154 and 155:
Page 156 and 157:
Page 158 and 159:
Page 160 and 161:
Page 162 and 163:
Page 164 and 165:
Page 166 and 167:
Page 168 and 169:
Page 170 and 171:
Page 172 and 173:
Page 174 and 175:
Page 176 and 177:
Page 178 and 179:
Page 180 and 181:
Page 182 and 183:
Page 184 and 185:
Page 186 and 187:
Page 188 and 189:
Page 190 and 191:
Page 192 and 193:
Page 194 and 195:
Page 196 and 197:
Page 198 and 199:
Page 200 and 201:
Page 202 and 203:
Page 204 and 205:
Page 206 and 207:
Page 208 and 209:
Page 210 and 211:
Page 212 and 213:
Page 214 and 215:
Page 216 and 217:
Page 218 and 219:
Page 220 and 221:
Page 222 and 223:
Page 224 and 225:
Page 226 and 227:
Page 228 and 229:
Page 230 and 231:
Page 232 and 233:
Page 234 and 235:
Page 236 and 237:
Page 238 and 239:
Page 240 and 241:
Page 242 and 243:
Page 244 and 245:
Page 246 and 247:
Page 248 and 249:
Page 250 and 251:
250 Telkom Annual Report 2009 Compa
Page 252 and 253:
252 Telkom Annual Report 2009 Compa
Page 254 and 255:
Page 256 and 257:
Page 258 and 259:
Page 260 and 261:
Page 262 and 263:
Page 264 and 265:
Page 266 and 267:
Page 268 and 269:
Page 270 and 271:
Page 272 and 273:
Page 274 and 275:
Page 276 and 277:
Page 278 and 279: 278 Telkom Annual Report 2009 Notes
Page 338 and 339: 338 Telkom Annual Report 2009 Share
Page 340 and 341: 340 Telkom Annual Report 2009 Defin
Page 342 and 343: 342 Telkom Annual Report 2009 Defin
Page 344 and 345: 344 Telkom Annual Report 2009 Notic
Page 346 and 347: 346 VOTING AND PROXIES Ordinary sha
Page 348: Notes Telkom Annual Report 2009 1.
show all

Telkom AR front.qxp

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?