ANNUAL REPORT 2001
 
   
   
   
   
   
   
 
ANNEXURE C
 
SIGNIFICANT ASSOCIATED COMPANIES ­ ADDITIONAL INFORMATION
 
                Vodacom 
R&V
 
2001 
2000 
2001
 
 
Note 1 
 
Effective interest
13.5% 
13.5% 
331/3% 
 
 
R million 
R million 
R million 
 
 
Carrying value of investments after writedown
  of goodwill
625.5 
364.2 
3 518.4 
  Share of retained equity income
  – Current year
137.1 
198.0 
360.4 
       Normal income
241.4 
173.5 
271.1 
       Dividends
(64.8)
– 
– 
       Exceptional items and goodwill amortisation
(57.7)
9.9 
– 
       Other changes in reserves and exchange rates
18.2 
14.6 
89.3 
  – Cumulative
501.3 
364.2 
360.4 
   
  Summarised financial information:
Per Annual Report 
Per Annual 
Report 
 
31/03/2001 
31/03/2000 
31/03/2001 
  BALANCE SHEET
 
Assets
  Property, plant and equipment
7 749.2 
5 854.1 
– 
  Intangible assets
713.4 
808.0 
– 
  Investments and loans
– 
8 666.0 
  Other assets
345.2 
272.3 
– 
  Current assets
2 912.7 
2 787.6 
2 594.2 
     Cash
157.0 
936.1 
2 590.5 
     Other
2 755.7 
1 851.5 
3.7 
 
 
11 720.5 
9 722.0 
11 260.2 
 
 
  Equity and liabilities
  Shareholders' funds and shareholders' loans
4 624.2 
3 768.1 
11 117.6 
  Non-current liabilities
1 427.2 
1 142.1 
– 
  Current liabilities
5 669.1 
4 811.8 
142.6 
 
 
11 720.5 
9 722.0 
11 260.2 
 
 
 
12 months
12 months 
12 months 
 
ended 
ended 
ended 
  INCOME STATEMENT
31/03/2001 
31/03/2000 
31/03/2001 
 
Note 2 
 
 
Revenue
13 263.5 
9 664.9
 
  Headline earnings
1 788.4 
1 301.9 
757.3 
  Net profit for the year
1 361.7 
1 359.0 
767.2 
  Dividends paid
480.0 
– 
– 
 
 
Note
1. Included in the carrying value of investments in Vodacom is a shareholders' loan of R124.2 million.
2. R&V 's income consists mainly of investment and sundry income, therefore no revenue is reported.
    No comparative figures for R&V are reported as the company was dormant before 1 April 2000.