Vodacom Annual Results
Definitions
Customers
Customers are based on the total
number of mobile customers using
any service during the last three
months. This includes customers
paying a monthly fee that entitles
them to use the service even if they
do not actually use the service and
those customers who are active whilst
roaming
EBITDA
Earnings before interest, taxation,
depreciation and amortisation,
impairment losses, profit/loss on
disposal of investments, property,
plant and equipment, and intangible
assets, profit/loss from associate and
joint venture, restructuring cost and
BEE income/charge
Data customers
Data customers are based on the number of
unique users generating billable data traffic
during the month. Also included are users on
integrated tariff plans, or who have access to
corporate APNs, and users who have been
allocated a revenue generating data bundle
during the month. A user is defined as being
active if they are paying a contractual monthly
fee for this service or have used the service
during the reported month
Free cash flow
Cash generated from operations less
additions to property, plant and
equipment and intangible assets,
proceeds on disposal of property,
plant and equipment and intangible
assets, tax paid, net finance charges
paid and net dividends received/paid
and movements in amounts due to M-
Pesa account holders
M-Pesa customers
M-Pesa customers are based on
the number of unique users who
have generated revenue related
to M-Pesa during the last month
South Africa
Vodacom (Pty) Limited, a private limited liability
company duly incorporated in accordance with
the laws of South Africa and its subsidiaries,
joint ventures and SPV's.
ARPU
Total ARPU is calculated by dividing
the sum of the customer and
incoming revenue for the period by
the average monthly active
customers during the period
International
International comprises the segment
information relating to the non-South
African-based cellular networks in
Tanzania, the Democratic Republic of
Congo, Mozambique and Lesotho as well
as the operations of Vodacom
International Limited (Mauritius) and
Vodacom Business Africa Group (Pty)
Limited and its subsidiaries
MOU
Minutes of use per month is
calculated by dividing the
average monthly minutes
(traffic) during the period by
the average monthly active
customers during the period
Normalised growth (*)
Normalised growth, which presents
performance on a comparable basis. This
adjusts for trading foreign exchange, foreign
currency fluctuation on a constant currency
basis (using the current period as base) and
excludes the impact of merger, acquisition
and disposal activities at a constant currency
basis where applicable, to show a like-for-like
comparison of results.
Operating free cash flow
Cash generated from operations less
additions to property, plant and equipment
and intangible assets other than licence
and spectrum payments and purchases of
customer bases, net of proceeds on disposal
of property, plant and equipment and
intangible assets, other than license and
spectrum payments and disposals of
customer bases and movements in amounts
due to M-Pesa account holders.
HEPS
Headline earnings per share
37
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