47 / 98
Rm
2018
2017
Assets
Non-current assets
96 543
52 127
Property, plant and equipment
40 529
40 181
Intangible assets
9 073
9 186
Financial assets
430
424
Investment in associate
44 076
–
Investment in joint venture
6
5
Trade and other receivables
724
905
Taxation receivable
106
66
Finance receivables
1 320
1 161
Deferred tax
279
199
Current assets
34 822
29 011
Financial assets
4 532
3 489
Inventory
1 243
1 268
Trade and other receivables
14 819
13 489
Non-current assets held for sale
14
114
Finance receivables
1 463
1 556
Tax receivable
213
222
Bank and cash balances
12 538
8 873
Total assets
131 365
81 138
Equity and liabilities
Fully paid share capital
42 618
*
Treasury shares
(1 792)
(1 670)
Retained earnings
28 731
26 396
Other reserves
(5 089)
(663)
Equity attributable to owners
of the parent
64 468
24 063
Non-controlling interests
6 184
(1 067)
Total equity
70 652
22 996
Non-current liabilities
28 130
31 423
Borrowings
24 071
27 613
Trade and other payables
978
815
Provisions
388
360
Deferred tax
2 693
2 635
Current liabilities
32 583
26 719
Borrowings
8 220
3 762
Trade and other payables
23 958
22 700
Provisions
161
188
Tax payable
221
47
Dividends payable
23
22
Total equity and liabilities
131 365
81 138
* Fully paid share capital of R100.
Condensed consolidated statement of financial position
as at 31 March
Increase from net additions of R9.6 billion, mostly offset
by depreciation of R8.0 billion and foreign currency
exchange translation of R1.1 billion.
Investment of proceeds from the Initial Public Offering
(IPO) in Tanzania and increases in deposits from
M-Pesa customers.
Increase as a result of increased equipment sales and
prepaid voucher sales.
Disposal of Helios Towers Tanzania (HTT).
Increase mainly due to the cash proceeds from the IPO
in Vodacom Tanzania and the sale of HTT in Tanzania.
The purchase consideration for the investment
in Safaricom was settled by the issuance of
233 459 781 Vodacom Group Limited shares to the
value of R42.6 billion.
Movement mainly from foreign currency translation
and change in subsidiary holdings due to
Vodacom Tanzania’s listing.
Portion of loans moved to current liabilities. Borrowed
an additional R1 billion from Vodafone.
Current portion of Vodafone loans, which are
anticipated to be re-financed.
Includes net additions of R1.9 billion mainly for
computer software, offset by amortisation of
R1.9 billion and foreign exchange of R170 million.
Acquisition of interest in Safaricom.
43
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