M-CELL LIMITED Our vision To b e t h e l e a d i n g p r o v i d e r o f communication services in Africa Group Profile M-Cell
“Africa has a voice.” 1
Group Structure as at 31 March 2001 62,5% h o l d i n g s c o m m u n i c a t i o n s 15,4% 35,8% BEEG* OTHER 24,0% 9,5% 15,3%
M-CELL LIMITED Highlights Financial 3,5 MTN subscribers (millions) 9 000 CAGR* 97 – 2001 Revenue (Rm) • MTN subscribers • Reven
Directorate M-Cell Leadership A l e a d i n g p r i v a t e s e c t o r, b l a c k c o n t r o l l e d telecommunications group
Areas of Operation M-CELL LIMITED Into Africa and then the world M-Cell’s footprint of telecommunications and digital signal di
Chairperson’s Letter Our success story I am very pleased that the 2001 financial year proved to be a very good one for M-Cell,
Chairperson’s Letter cont. “Our focus is to develop an intimate customer relationship with regard to quality of service.” I CHA
Chairperson’s Letter cont. “The Group generates strong cash flows in South Africa which, barring the foreign exchange limitatio
Chairperson’s Letter cont. “ M T N ’s ‘ L i v i n g t h e B r a n d ’ p r o j e c t became an integral part of the L i v e - Wo
Chairperson’s Letter Current Group structure (summarised) cont. H o l d i n g s BEEG* OTHER 36,7% 24,0% 9,5% 29,8% M-CELL LIMIT
“Lixhumaniselwe ikusasa! ” * *Networked for tomorrow (Zulu)
Review of Operations MTN Upwardly mobile “MTN has, over a relatively short period of time, established itself as a leading mobi
Review of Operations cont. MTN Management structures MTN Holdings Chief executive officer Bob Chaphe Ross McDonald Airborn (MD)
Review of Operations cont. MTN “ M T N ’s S o u t h A f r i c a n o p e r a t i o n s r e c o r d e d a 49% increase in the num
“Nina sema na dunia! ” *I talk to the world (Swahili) *
Review of Operations cont. MTN A leader in innovation years. Three additional M-Tel service centres were established at the Gle
Review of Operations cont. MTN “MTN ICE, a mobile portal, was launched and has over 500 000 registered users.” and logos, as we
Review of Operations cont. MTN AFRICA Converging entities the leading telecommunications operator in that country. Currently MT
Review of Operations cont. MTN AFRICA “Uganda, Swaziland and Rwanda have each posted good results and showed positive and excit
Review of Operations cont. MTN “mtnsms.com has more than 6,3 million registered users in over 230 countries and is recording in
“Ndinoqhakamshelwano! ” *I’m connected (Xhosa) *
Review of Operations cont. Orbicom Beaming into Africa Orbicom Orbicom (Proprietary) Limited (“Orbicom”) This has been a year o
Review of Operations cont. Orbicom Orbicom Management structure Alf Karrim Chief Executive Officer Zoli Macanda Finance and adm
Human Development and Employment Equity MTN MTN sees itself competing in two markets, one for customers and the other for talen
Human Development and Employment Equity MTN March 2001: Breakdown by gender and race Gender cont. Race 57% 30% 42% 43% 15% 13%
Group Five Year Review 2001 2000 1999* 1998† 1997† Income statement – extracts (Rm) Revenue Gross profit Earnings before intere
Group Five Year Review cont. 2001 2000 1999* 1998† 1997† Performance per ordinary share Headline earnings (cents) Attributable
Group Cash Value Added Statement for the year ended 31 March 2001 GROUP 2001 Rm 2000 Rm CASH VALUE ADDED Cash value generated f
Shareholders’ Information ANALYSIS OF ORDINARY SHAREHOLDERS AT 31 MARCH 2001 SHAREHOLDING (SHARES IN 000s) 1 – 10 000 CLASSIFIC
Share Transactions Totally Electronic Introduction The JSE Securities Exchange South Africa (“JSE”) has introduced an electroni
M-CELL LIMITED Annual Financial Statements For the year ended 31 March 2001 Statement of Directors’ Responsibilities Directors’
Statement of Directors’ Responsibilities For the year ended 31 March 2001 The directors are required by the Companies Act to ma
Report of the Independent Auditors For the year ended 31 March 2001 TO THE MEMBERS OF M-CELL LIMITED M-CELL LIMITED We have aud
Report on Corporate Governance For the year ended 31 March 2001 COMPLIANCE WITH THE KING CODE OF CORPORATE PRACTICES AND CONDUC
Report on Corporate Governance For the year ended 31 March 2001 AUDIT COMMITTEES cont. M-CELL LIMITED The Company and Group aud
Directors’ Report For the year ended 31 March 2001 The directors have pleasure in presenting their report and audited financial
Directors’ Report cont. For the year ended 31 March 2001 M-CELL LIMITED The nominee company identified on the previous page hol
Directors’ Report cont. For the year ended 31 March 2001 The dematerialisation start date, whereby the current paper share cert
Directors’ Report cont. For the year ended 31 March 2001 M-CELL LIMITED An interim dividend (No 6) of 3 cents per share (2000:
Income Statements For the year ended 31 March 2001 COMPANY 2000 Rm GROUP 2001 Rm – – – (2,9) Notes 2001 Rm 8 337,3 (3 352,6) 4
Balance Sheets At 31 March 2001 COMPANY 2000 Rm 2001 Rm Notes 2001 Rm M-CELL LIMITED GROUP 2000 Rm ASSETS Non-current assets –
Cash Flow Statements For the year ended 31 March 2001 COMPANY 2000 Rm 2001 Rm Notes 2001 Rm GROUP 2000 Rm OPERATING ACTIVITIES
Statements of Changes in Shareholders’ Equity Share capital Share Accumulated premium Rm 2 042,0 profits Rm (1 258,2) 588,6 (96
Notes to the Annual Financial Statements For the year ended 31 March 2001 1. PRESENTATION OF FINANCIAL STATEMENTS These financi
Notes to the Annual Financial Statements For the year ended 31 March 2001 2. SUMMARY OF PRINCIPAL ACCOUNTING POLICIES (continue
Notes to the Annual Financial Statements For the year ended 31 March 2001 2. SUMMARY OF PRINCIPAL ACCOUNTING POLICIES (continue
Notes to the Annual Financial Statements For the year ended 31 March 2001 2. SUMMARY OF PRINCIPAL ACCOUNTING POLICIES (continue
Notes to the Annual Financial Statements For the year ended 31 March 2001 COMPANY 2000 Rm 2001 Rm cont. GROUP 2001 Rm 2000 Rm 3
Notes to the Annual Financial Statements For the year ended 31 March 2001 cont. M-CELL LIMITED MTN Orbicom Other* Group Rm 4. B
Notes to the Annual Financial Statements For the year ended 31 March 2001 cont. GROUP 2001 2000 4. BUSINESS AND GEOGRAPHICAL SE
Notes to the Annual Financial Statements For the year ended 31 March 2001 cont. M-CELL LIMITED GROUP 2001 Rm 2000 Rm 4.2 GEOGRA
Notes to the Annual Financial Statements For the year ended 31 March 2001 COMPANY 2000 Rm 2001 Rm cont. GROUP 2001 Rm 2000 Rm 7
Notes to the Annual Financial Statements For the year ended 31 March 2001 COMPANY 2000 Rm 2001 Rm cont. M-CELL LIMITED GROUP 20
Notes to the Annual Financial Statements For the year ended 31 March 2001 13. CHANGE IN ACCOUNTING POLICY cont. During the year
Notes to the Annual Financial Statements For the year ended 31 March 2001 COMPANY 2000 Rm 2001 Rm cont. M-CELL LIMITED GROUP 20
Notes to the Annual Financial Statements For the year ended 31 March 2001 COMPANY 2000 Rm 2001 Rm cont. GROUP 2001 Rm 2000 Rm 1
Notes to the Annual Financial Statements For the year ended 31 March 2001 COMPANY 2000 Rm 2001 Rm cont. M-CELL LIMITED GROUP 20
Notes to the Annual Financial Statements For the year ended 31 March 2001 COMPANY 2000 Rm 2001 Rm cont. GROUP 2001 Rm 2000 Rm 2
Notes to the Annual Financial Statements For the year ended 31 March 2001 COMPANY 2000 Rm 2001 Rm cont. M-CELL LIMITED GROUP 20
Notes to the Annual Financial Statements For the year ended 31 March 2001 COMPANY 2000 Rm 2001 Rm cont. GROUP 2001 Rm 2000 Rm 2
Notes to the Annual Financial Statements For the year ended 31 March 2001 COMPANY 2000 Rm 2001 Rm cont. M-CELL LIMITED GROUP 20
Notes to the Annual Financial Statements For the year ended 31 March 2001 cont. 2001 Rm 26. DEFERRED TAXATION (continued) GROUP
Notes to the Annual Financial Statements For the year ended 31 March 2001 Balance at 31 March 2000 Rm Provided during the year
Notes to the Annual Financial Statements For the year ended 31 March 2001 29. FINANCIAL INSTRUMENTS (continued) 29.1 Foreign cu
Notes to the Annual Financial Statements For the year ended 31 March 2001 Carrying amount 2001 2000 Rm Rm cont. M-CELL LIMITED
Notes to the Annual Financial Statements For the year ended 31 March 2001 COMPANY 2000 Rm 2001 Rm cont. GROUP 2001 Rm 2000 Rm 3
Notes to the Annual Financial Statements For the year ended 31 March 2001 COMPANY 2000 Rm 2001 Rm cont. M-CELL LIMITED GROUP 20
Notes to the Annual Financial Statements For the year ended 31 March 2001 COMPANY 2000 Rm 2001 Rm cont. GROUP 2001 Rm 2000 Rm 3
Notes to the Annual Financial Statements For the year ended 31 March 2001 COMPANY 2000 Rm 2001 Rm cont. M-CELL LIMITED GROUP 20
Notes to the Annual Financial Statements For the year ended 31 March 2001 cont. COMPANY AND GROUP 2001 R’000 2000 R’000 41. REL
Notes to the Annual Financial Statements For the year ended 31 March 2001 COMPANY 2000 Rm cont. M-CELL LIMITED GROUP 2001 Rm 20
Annexure 1 INTERESTS IN MAJOR SUBSIDIARIES as at 31 March 2001 Subsidiaries in which M-Cell Limited has a direct and indirect i
Annexure 3 GROUP’S ATTRIBUTABLE INTEREST IN ASSOCIATED COMPANIES at 31 March 2001 2001 Rm M-CELL LIMITED 2000 Rm ASSETS AND LIA
M-CELL LIMITED Incorporated in the Republic of South Africa (Registration number: 1994/009584/06) (“M-Cell” or “the Company”) D
Notice of Annual General Meeting For the year ended 31 March 2001 M-Cell Limited Incorporated in the Republic of South Africa (
Notice of Annual General Meeting For the year ended 31 March 2001 4. cont. That the maximum discount at which the shares will b
Notice of Annual General Meeting For the year ended 31 March 2001 cont. M-CELL LIMITED The reason for and effect of special res
Notice of Annual General Meeting For the year ended 31 March 2001 Ordinary resolution number 4 cont. “RESOLVED THAT any directo
Form of Proxy M-CELL LIMITED Incorporated in the Republic of South Africa (Registration number: 1994/009584/06) (“M-Cell” or “t
Notes to the Proxy 1. A shareholder may insert the name of a proxy or the names of the two alternative proxies of the sharehold
Administration As at 31 March 2001 DIRECTORATE I Charnley*# (Chairperson) P Edwards*#† C R Jardine J R D Modise*# Z N A Cindi A
M-CELL LIMITED www.m-cell.co.za “Sala Hantle! Goodbye! Sala Kahle! Kwaheri! Totsiens! Sala Kakuhle!”
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M-CELL LIMITED M-Cell Li
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M-CELL LIMITED Our vision To b e t h e l e a d i n g p r o v i
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“Africa has
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Group Structure as at 31 March 2001 62,5% h o l d i n g s c o m
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M-CELL LIMITED Highlights Financial 3,5 MTN subscribers (millio
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Directorate M-Cell Leadership A l e a d i n g p r i v a t e s e
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Areas of Operation M-CELL LIMITED Into Africa and then the worl
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Chairperson’s Letter Our success story I am very pleased that t
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Chairperson’s Letter cont. “Our focus is to develop an intimate
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Chairperson’s Letter cont. “The Group generates strong cash flo
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Chairperson’s Letter cont. “ M T N ’s ‘ L i v i n g t h e B r a
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Chairperson’s Letter Current Group structure (summarised) cont.
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“Lixhumaniselwe ikusasa! ” *
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Review of Operations MTN Upwardly mobile “MTN has, over a relat
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Review of Operations cont. MTN Management structures MTN Holdin
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Review of Operations cont. MTN “ M T N ’s S o u t h A f r i c a
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“Nina sema na dunia! ” *I t
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Review of Operations cont. MTN A leader in innovation years. Th
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Review of Operations cont. MTN “MTN ICE, a mobile portal, was l
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Review of Operations cont. MTN AFRICA Converging entities the l
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Review of Operations cont. MTN AFRICA “Uganda, Swaziland and Rw
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Review of Operations cont. MTN “mtnsms.com has more than 6,3 mi
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“Ndinoqhakamshelwano! ”
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Review of Operations cont. Orbicom Beaming into Africa Orbicom
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Review of Operations cont. Orbicom Orbicom Management structure
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Human Development and Employment Equity MTN MTN sees itself com
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Human Development and Employment Equity MTN March 2001: Breakdo
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Group Five Year Review 2001 2000 1999* 1998† 1997† Income state
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Group Five Year Review cont. 2001 2000 1999* 1998† 1997† Perfor
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Group Cash Value Added Statement for the year ended 31 March 20
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Shareholders’ Information ANALYSIS OF ORDINARY SHAREHOLDERS AT
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Share Transactions Totally Electronic Introduction The JSE Secu
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M-CELL LIMITED Annual Financial Statements For the year ended 3
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Statement of Directors’ Responsibilities For the year ended 31
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Report of the Independent Auditors For the year ended 31 March
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Report on Corporate Governance For the year ended 31 March 2001
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Report on Corporate Governance For the year ended 31 March 2001
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Directors’ Report For the year ended 31 March 2001 The director
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Directors’ Report cont. For the year ended 31 March 2001 M-CELL
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Directors’ Report cont. For the year ended 31 March 2001 The de
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Directors’ Report cont. For the year ended 31 March 2001 M-CELL
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Income Statements For the year ended 31 March 2001 COMPANY 2000
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Balance Sheets At 31 March 2001 COMPANY 2000 Rm 2001 Rm Notes 2
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Cash Flow Statements For the year ended 31 March 2001 COMPANY 2
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Statements of Changes in Shareholders’ Equity Share capital Sha
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Notes to the Annual Financial Statements For the year ended 31
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Notes to the Annual Financial Statements For the year ended 31
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Notes to the Annual Financial Statements For the year ended 31
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Notes to the Annual Financial Statements For the year ended 31
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Notes to the Annual Financial Statements For the year ended 31
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Notes to the Annual Financial Statements For the year ended 31
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Notes to the Annual Financial Statements For the year ended 31
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Notes to the Annual Financial Statements For the year ended 31
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Notes to the Annual Financial Statements For the year ended 31
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Notes to the Annual Financial Statements For the year ended 31
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Notes to the Annual Financial Statements For the year ended 31
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Notes to the Annual Financial Statements For the year ended 31
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Notes to the Annual Financial Statements For the year ended 31
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Notes to the Annual Financial Statements For the year ended 31
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Notes to the Annual Financial Statements For the year ended 31
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Notes to the Annual Financial Statements For the year ended 31
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Notes to the Annual Financial Statements For the year ended 31
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Notes to the Annual Financial Statements For the year ended 31
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Notes to the Annual Financial Statements For the year ended 31
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Notes to the Annual Financial Statements For the year ended 31
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Notes to the Annual Financial Statements For the year ended 31
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Notes to the Annual Financial Statements For the year ended 31
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Notes to the Annual Financial Statements For the year ended 31
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Notes to the Annual Financial Statements For the year ended 31
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Notes to the Annual Financial Statements For the year ended 31
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Notes to the Annual Financial Statements For the year ended 31
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Notes to the Annual Financial Statements For the year ended 31
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Notes to the Annual Financial Statements For the year ended 31
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Annexure 1 INTERESTS IN MAJOR SUBSIDIARIES as at 31 March 2001
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Annexure 3 GROUP’S ATTRIBUTABLE INTEREST IN ASSOCIATED COMPANIE
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M-CELL LIMITED Incorporated in the Republic of South Africa (Re
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Notice of Annual General Meeting For the year ended 31 March 20
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Notice of Annual General Meeting For the year ended 31 March 20
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Notice of Annual General Meeting For the year ended 31 March 20
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Notice of Annual General Meeting For the year ended 31 March 20
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Form of Proxy M-CELL LIMITED Incorporated in the Republic of So
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Notes to the Proxy 1. A shareholder may insert the name of a pr
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Administration As at 31 March 2001 DIRECTORATE I Charnley*# (Ch
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M-CELL LIMITED www.m-cell.co.za “Sala Hantle! Good
African Annual Reports
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