(formely M-Cell Limited) - Business Report 2003 - MTN Group

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MTN Group structure AS AT 31 MARCH 2003 36,1% JOHNNIC # 18,7% NEWSHELF 664 45,2% OTHER SHAREHOLDERS MTN GROUP LIMITED 100%* MTN HOLDINGS MTN SOUTH AFRICA MTN INTERNATIONAL STRATEGIC INVESTMENTS 100%* MTN NETWORK OPERATOR 36% LEAF 100%* MTN SERVICE PROVIDER 30% e-BUCKS 41% i-TALK 30% + MTN SWAZILAND 100%* MTN INTERNATIONAL 100%* 79,5%* MTN NIGERIA 31% + MTN RWANDA 100%* MTN MAURITIUS 70%* MTN CAMEROON 52% + MTN UGANDA ORBICOM 60% + MTN NETWORK SOLUTIONS AIRBORN (a division of MTN network operator) * Subsidiary Associate + Joint Venture # Subsequent to year-end, Johnnic Holdings Limited unbundled a 31,9% interest in MTN Group to its shareholders. As a result, the key reference shareholders for the MTN Group are Newshelf 664 with an 18,7% interest and the National Empowerment Consortium with an estimated 8,8% interest in MTN Group. The remaining 72,5% of shares are free-float and held by local and international institutional and retail shareholders. MTN BUSINESS REPORT 2003 PAGE 1
OUR VISION IS TO BE THE LEADING PROVIDER OF COMMUNICATION SERVICES IN AFRICA Like the topography of the continent, African sounds are part of us. Though sometimes inaudible, their extreme highs and lows leave a physical footprint: A memory, a message, an imprint. From peaceful and soothing, to the alarming and shocking, sound is a vital and integral part of all life. Africa is communicating. listen.
Page 1 and 2: MTN Group Limited (formerly M-Cell
Page 3: FINANCIAL HIGHLIGHTS 2003 ● ●
Page 7 and 8: MTN Footprint AS AT 31 MARCH 2003 E
Page 9 and 10: EXECUTIVE DIRECTORS 1. P F NHLEKO G
Page 11 and 12: Keeping pace with the technological
Page 13 and 14: MTN group values Values To realise
Page 15 and 16: Flashed, superheated air hotter tha
Page 17 and 18: for between 94,9% and 97,9% of the
Page 19 and 20: LOOKING AHEAD The positive results
Page 21 and 22: operations in local currency was su
Page 23 and 24: a deferred tax asset raised which i
Page 25 and 26: Table 5 Capital expenditure Capital
Page 27 and 28: Table 7 Group facilities Total Util
Page 29 and 30: In the post-paid market, MTN South
Page 31 and 32: gathering and analysing relevant cu
Page 33 and 34: (2002: R450 million). EBITDA was R2
Page 35 and 36: MTN RWANDA MTN Rwanda recorded plea
Page 37 and 38: MTN UGANDA MTN Uganda continues to
Page 39 and 40: products across the Group. Airborn
Page 41 and 42: GROUP BALANCE SHEET AS AT 28 FEBRUA
Page 43 and 44: SHAREHOLDER INFORMATION SPREAD OF O
Page 45 and 46: In a military-like manoeuvre of pre
Page 47 and 48: Details of attendance by directors
Page 49 and 50: DEALINGS IN SECURITIES All director
Page 51 and 52: of internal, financial and operatio
Page 53 and 54: ● No share options have been repr
Page 55 and 56:
investment in five countries outsid
Page 57 and 58:
Glossary of terms and acronyms Grou
Page 59 and 60:
These regular visitors, who shape c
Page 61 and 62:
DIRECTORS’ APPROVAL OF THE ANNUAL
Page 63 and 64:
DIRECTORS’ REPORT FOR THE YEAR EN
Page 65 and 66:
THE MTN GROUP SHARE OPTION AND INCE
Page 67 and 68:
EQUITY COMPENSATION BENEFITS FOR EX
Page 69 and 70:
DIRECTORS’ SHAREHOLDINGS The inte
Page 71 and 72:
DIRECTORS’ EMOLUMENTS AND RELATED
Page 73 and 74:
In addition, the Public Investment
Page 75 and 76:
The Group’s investment in associa
Page 77 and 78:
issue during the period and is base
Page 79 and 80:
● income and expenditure and cash
Page 81 and 82:
GROUP BALANCE SHEET AS AT 31 MARCH
Page 83 and 84:
GROUP STATEMENT OF CHANGES IN SHARE
Page 85 and 86:
1. BUSINESS AND GEOGRAPHICAL SEGMEN
Page 87 and 88:
2003 2002 Rm Rm 3. OPERATING EXPENS
Page 89 and 90:
2003 2002 Rm Rm 7. EARNINGS PER ORD
Page 91 and 92:
Information systems, furniture Netw
Page 93 and 94:
Other Connection intangible incenti
Page 95 and 96:
16. TRADE AND OTHER RECEIVABLES Bal
Page 97 and 98:
2003 2002 Rm Rm 20. BORROWINGS (con
Page 99 and 100:
2003 2002 Rm Rm 20. BORROWINGS (con
Page 101 and 102:
22. TRADE AND OTHER PAYABLES Trade
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Carrying amount Fair value 2003 200
Page 105 and 106:
2003 2002 Rm Rm 31. CONTINGENT LIAB
Page 107 and 108:
40. CLASSIFICATION OF MTN MAURITIUS
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COMPANY CASH FLOW STATEMENT FOR THE
Page 111 and 112:
7. RECEIVABLES Sundry receivables 7
Page 113 and 114:
INTERESTS IN ASSOCIATED COMPANIES A
Page 115 and 116:
R S DABENGWA (44) BSc (Eng), MBA Ex
Page 117 and 118:
Symbolizing the power of a leader,
Page 119 and 120:
Details of directors offering thems
Page 121 and 122:
4. That the maximum discount at whi
Page 123 and 124:
PROXIES A form of proxy which sets
Page 125 and 126:
This resolution is required to be p
Page 127 and 128:
APPENDIX TO THE NOTICE OF ANNUAL GE
Page 129 and 130:
FORM OF PROXY ONLY FOR USE BY REGIS
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(formely M-Cell Limited) - Business Report 2003 - MTN Group

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