Company Balance Sheet

Company Income Statement

Company Statement of
Changes in Equity

Company Cash Flow Statement

Telecommunication

Financial and Risk Services

Statement of Responsibility
by the Board

Statement by the Secretary

Report of the Independent Auditors

Report of the Board of Directors

Accounting Policies

Income Statement

Statement of Changes in Equity

Cash Flow Statement

Information on business and geographical segmental

Analysis of Shareholders

Dates of Importance

Notice to Shareholders

Explanatory Notes

Corporate Mission

Investment Philosophy

Group Structure

Financial Highlights

Share Statistics

Five-year Review

Board Committees& Management

Chairman's Report

Report of the Financial Director

Corporate Governance

Sustainability Report

Corporate Information

Review of Investments

Financial Statements

Consolidated Statements

Company Statements

Statutory Information

H
E
L
P

P
R
I
N
T

T
H
I
S

P
A
G
E

H
O
M
E

R
E
T
U
R
N

T
O

T
O
P

E
N
L
A
R
G
E

F
O
N
T

Income statement

FOR THE YEAR ENDED 30 JUNE 2005



R million	Notes	2005	2004
Revenue	4	203	404
Net profit before taxation – after taking into account the following		199	399

Income
Dividends	5	201	402
Administration fees – subsidiary companies		2	2
Taxation	6	1	–
Net profit for the year		198	399