Table of Contents Vision and Values Executive Chairman’s Report Financial Overview by Chief Financial Officer Corporate Governa
VISION AND VALUES Our VISION is to become the undisputed and premier investment entity in the telecommunications sector, delive
Executive Chairman’s Report The year 2008 will possibly go down in history as the highest peak leading to the steepest decline
Financial Overview by Chief Financial Officer 4 Revenue increased markedly by 18.75% 4 Operating profit before tax increased by
Financial Overview by Chief Financial Officer We have invested in property, plant, equipment and intangible assets over the pas
Corporate Governance Statement INTRODUCTION Telemasters' Board of Directors (hereafter the Board) hereby confirms its commitmen
Corporate Governance Statement The current Board consists of: Mario Brönn Pretorius (51) – Executive Chairman Mario matriculate
Corporate Governance Statement Brandon Rodney Topham (37) – Chief Financial Officer Brandon trained and qualified as a chartere
Corporate Governance Statement While retaining overall accountability and subject to matters reserved to itself, the Board has
Corporate Governance Statement The primary objective of the Audit Committee is to promote the overall effectiveness of corporat
Corporate Governance Statement INSIDER TRADING The Company enforces a restricted period for dealing in shares, in terms of whic
Corporate Governance Statement RISK MANAGEMENT AND INTERNAL CONTROL The Board has ultimate responsibility for the total process
DIRECTORS’ RESPONSIBILIES AND APPROVAL The directors are required by the Companies Act to maintain adequate accounting records
INDEPENDENT AUDITORS' REPORT To The Members of TeleMasters Holdings Limited REPORT ON THE FINANCIAL STATEMENTS We have audited
DIRECTORS' REPORT The directors submit their report for the year ended 30 September 2008. 1. REVIEW OF ACTIVITIES Main business
DIRECTORS' REPORT quarterly reporting. The directors have declared dividends based on a 40% dividend policy which ranks TeleMas
DIRECTORS' REPORT 8. SPECIAL RESOLUTIONS At the Company's annual general meeting held on 20 March 2008 a special resolution was
DIRECTORS' REPORT 12. ANALYSIS OF SHAREHOLDERS % Holdings No. of shareholders No. of shares Shareholders holding more than 5% -
BALANCE SHEET Figures in Rand Note(s) 30 September 2008 30 September 2007 ASSETS Non-Current Assets Property, plant and equipme
INCOME STATEMENT Figures in Rand Note(s) 30 September 2008 178 978 732 30 September 2007 150 708 587 Revenue Cost of sales Cost
CHANGES IN EQUITY Figures in Rand Share capital Share Premium Total share capital Retained income Total Equity Balance at 01 Oc
CASH FLOW STATEMENT CASH FLOW STATEMENT Figures in Rands Note(s) 30 September 2008 30 September 2007 Cash flows from operating
ACCOUNTING POLICIES 1. PRESENTATION OF FINANCIAL STATEMENTS The financial statements have been prepared in accordance with Inte
ACCOUNTING POLICIES The residual value, depreciation method and useful life of each asset are reviewed at each financial period
ACCOUNTING POLICIES Amortisation is provided to write down the intangible assets, on a straight line basis, to their residual v
ACCOUNTING POLICIES The carrying amount of the financial asset is reduced by the impairment loss directly for all financial ass
ACCOUNTING POLICIES Derecognition Financial assets: The Company derecognises a financial asset only when the contractual rights
ACCOUNTING POLICIES Finance leases - lessee Finance leases are recognised as assets at amounts equal to the fair value of the l
ACCOUNTING POLICIES A reversal of an impairment loss of assets carried at cost less accumulated depreciation or amortisation ot
ACCOUNTING POLICIES 1.11 Borrowing costs Borrowing costs directly attributable to the acquisition, construction or production o
ACCOUNTING POLICIES an onerous obligation that should be recognised as a liability. This interpretation is effective for annual
ACCOUNTING POLICIES IFRS 7 Financial Instruments: Disclosures This amendment deals with presentation of finance costs. This ame
ACCOUNTING POLICIES 1 January 2009. In addition the amendment that deals with consequential amendments from changes to Business
NOTES TO THE FINANCIAL STATEMENTS 2. SEGMENT REPORT The Company does not have different operating segments. The business is con
NOTES TO THE FINANCIAL STATEMENTS Reconciliation of property, plant and equipment - 2008 Opening Balance Furniture and fixtures
NOTES TO THE FINANCIAL STATEMENTS 4. INTANGIBLE ASSETS Cost Accumulated amortisation 2008 Carrying value Figures in Rand Other
NOTES TO THE FINANCIAL STATEMENTS Figures in Rand 2008 2007 5. DEFERRED TAX (63 834) 43 925 268 349 248 440 (75 798) (80 334) 3
NOTES TO THE FINANCIAL STATEMENTS Figures in Rand 2008 2007 8. SHARE CAPITAL Authorised 500 000 000 Ordinary shares with a par
NOTES TO THE FINANCIAL STATEMENTS 9. INSTALMENT SALE AGREEMENT OBLIGATIONS (Continued) It is company policy to acquire motor ve
NOTES TO THE FINANCIAL STATEMENTS 14. DIRECTORS' EMOLUMENTS Fringe Benefits Bonus Basic Salary Total Figures in Rand Executive
NOTES TO THE FINANCIAL STATEMENTS Figures in Rand 2008 2007 15. FINANCE COSTS 203 478 3 953 207 431 52 472 1 646 54 118 Interes
NOTES TO THE FINANCIAL STATEMENTS Figures in Rand 2008 2007 17. EARNINGS AND HEADLINE EARNINGS PER SHARE 33.35 33.33 26.95 26.9
NOTES TO THE FINANCIAL STATEMENTS Figures in Rand 2008 2007 18. CASH GENERATED FROM OPERATIONS 20 827 496 2 578 153 280 083 207
NOTES TO THE FINANCIAL STATEMENTS 20. FINANCIAL INSTRUMENT RISK EXPOSURE AND MANAGEMENT The Company's overall risk management p
NOTES TO THE FINANCIAL STATEMENTS Procedures for mitigating risk Procedures for mitigating risk include: Performing credit chec
NOTES TO THE FINANCIAL STATEMENTS Financial liabilities by category Figures in Rand 2008 Instalment sale agreements Trade and o
NOTES TO THE FINANCIAL STATEMENTS Figures in Rand 2008 2007 Reconciliation of movement of doubtful debt provision for individua
NOTES TO THE FINANCIAL STATEMENTS Figures in Rand 2008 2007 The Company's maximum exposure to credit risk in respect of trade r
NOTES TO THE FINANCIAL STATEMENTS Management of liquidity risk Management of liquidity risk in regard to financial liabilities
NOTES TO THE FINANCIAL STATEMENTS Figures in Rand 2008 2007 Capital management The Company's capital structure consists of debt
NOTES TO THE FINANCIAL STATEMENTS Figures in Rand Interest received from related parties TeleMasters (Pty) Ltd Commission paid
TeleMasters IN THE PRESS FinWeek: Meesterlik, maar illikied In die lig van hoe ingewikkeld die telekommunikasie-omgewing is, wi
NOTICE OF THE ANNUAL GENERAL MEETING NOTICE OF ANNUAL GENERAL MEETING: TeleMasters Holdings Limited (Incorporated in the Republ
NOTICE OF THE ANNUAL GENERAL MEETING the Company may only appoint one agent to effect any repurchase(s) on its behalf; a repurc
NOTICE OF THE ANNUAL GENERAL MEETING Special Resolution No. 2 - Distributions by way of a reduction in share premium "Resolved
NOTICE OF THE ANNUAL GENERAL MEETING 9. Ordinary Resolution No. 2 - General authority to issue shares for cash That the directo
NOTICE OF THE ANNUAL GENERAL MEETING After the Company has issued equity securities in terms on an approved general issue for c
NOTICE OF THE ANNUAL GENERAL MEETING Action required Voting and proxies A member entitled to attend and vote at the annual gene
FORM OF PROXY: TeleMasters Holdings Limited 2006/015734/06 (Incorporated in the Republic of South Africa) Registration number S
NOTES A shareholder may insert the name of the proxy or the names of two alternative proxies of the shareholder's choice in the
Moela Sponsors Designated Advisors Auditors Corporate Attorneys JSE: TLM Telemastr
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Table of Contents Vision and Values Executive Chairman’s Report
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VISION AND VALUES Our VISION is to become the undisputed and pr
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Executive Chairman’s Report The year 2008 will possibly go down
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Financial Overview by Chief Financial Officer 4 Revenue increas
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Financial Overview by Chief Financial Officer We have invested
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Corporate Governance Statement INTRODUCTION Telemasters' Board
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Corporate Governance Statement The current Board consists of: M
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Corporate Governance Statement Brandon Rodney Topham (37) – Chi
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Corporate Governance Statement While retaining overall accounta
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Corporate Governance Statement The primary objective of the Aud
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Corporate Governance Statement INSIDER TRADING The Company enfo
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Corporate Governance Statement RISK MANAGEMENT AND INTERNAL CON
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DIRECTORS’ RESPONSIBILIES AND APPROVAL The directors are requir
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INDEPENDENT AUDITORS' REPORT To The Members of TeleMasters Hold
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DIRECTORS' REPORT The directors submit their report for the yea
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DIRECTORS' REPORT quarterly reporting. The directors have decla
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DIRECTORS' REPORT 8. SPECIAL RESOLUTIONS At the Company's annua
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DIRECTORS' REPORT 12. ANALYSIS OF SHAREHOLDERS % Holdings No. o
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BALANCE SHEET Figures in Rand Note(s) 30 September 2008 30 Sept
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INCOME STATEMENT Figures in Rand Note(s) 30 September 2008 178
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CHANGES IN EQUITY Figures in Rand Share capital Share Premium T
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CASH FLOW STATEMENT CASH FLOW STATEMENT Figures in Rands Note(s
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ACCOUNTING POLICIES 1. PRESENTATION OF FINANCIAL STATEMENTS The
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ACCOUNTING POLICIES The residual value, depreciation method and
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ACCOUNTING POLICIES Amortisation is provided to write down the
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ACCOUNTING POLICIES The carrying amount of the financial asset
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ACCOUNTING POLICIES Derecognition Financial assets: The Company
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ACCOUNTING POLICIES Finance leases - lessee Finance leases are
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ACCOUNTING POLICIES A reversal of an impairment loss of assets
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ACCOUNTING POLICIES 1.11 Borrowing costs Borrowing costs direct
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ACCOUNTING POLICIES an onerous obligation that should be recogn
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ACCOUNTING POLICIES IFRS 7 Financial Instruments: Disclosures T
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ACCOUNTING POLICIES 1 January 2009. In addition the amendment t
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NOTES TO THE FINANCIAL STATEMENTS 2. SEGMENT REPORT The Company
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NOTES TO THE FINANCIAL STATEMENTS Reconciliation of property, p
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NOTES TO THE FINANCIAL STATEMENTS 4. INTANGIBLE ASSETS Cost Acc
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NOTES TO THE FINANCIAL STATEMENTS Figures in Rand 2008 2007 5.
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NOTES TO THE FINANCIAL STATEMENTS Figures in Rand 2008 2007 8.
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NOTES TO THE FINANCIAL STATEMENTS 9. INSTALMENT SALE AGREEMENT
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NOTES TO THE FINANCIAL STATEMENTS 14. DIRECTORS' EMOLUMENTS Fri
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NOTES TO THE FINANCIAL STATEMENTS Figures in Rand 2008 2007 15.
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NOTES TO THE FINANCIAL STATEMENTS Figures in Rand 2008 2007 17.
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NOTES TO THE FINANCIAL STATEMENTS Figures in Rand 2008 2007 18.
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NOTES TO THE FINANCIAL STATEMENTS 20. FINANCIAL INSTRUMENT RISK
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NOTES TO THE FINANCIAL STATEMENTS Procedures for mitigating ris
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NOTES TO THE FINANCIAL STATEMENTS Financial liabilities by cate
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NOTES TO THE FINANCIAL STATEMENTS Figures in Rand 2008 2007 Rec
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NOTES TO THE FINANCIAL STATEMENTS Figures in Rand 2008 2007 The
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NOTES TO THE FINANCIAL STATEMENTS Management of liquidity risk
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NOTES TO THE FINANCIAL STATEMENTS Figures in Rand 2008 2007 Cap
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NOTES TO THE FINANCIAL STATEMENTS Figures in Rand Interest rece
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TeleMasters IN THE PRESS FinWeek: Meesterlik, maar illikied In
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NOTICE OF THE ANNUAL GENERAL MEETING NOTICE OF ANNUAL GENERAL M
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NOTICE OF THE ANNUAL GENERAL MEETING the Company may only appoi
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NOTICE OF THE ANNUAL GENERAL MEETING Special Resolution No. 2 -
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NOTICE OF THE ANNUAL GENERAL MEETING 9. Ordinary Resolution No.
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NOTICE OF THE ANNUAL GENERAL MEETING After the Company has issu
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NOTICE OF THE ANNUAL GENERAL MEETING Action required Voting and
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FORM OF PROXY: TeleMasters Holdings Limited 2006/015734/06 (Inc
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NOTES A shareholder may insert the name of the proxy or the nam
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Moela Sponsors Designated Advisors Audito
African Annual Reports
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