1.3 OPERATING (LOSS)/ PROFIT

Advertising and promotional expenses¹  

211 961 

54 275 

Audit fees – services as auditors relating to the year-end audit²  

26 989 

19 379 

Audit fees – other³

1 677 

- 

Consulting fees⁴

146 702 

50 201 

Foreign exchange (gain)/loss  

(892)

1 578 

Gain on effective settlement of pre-existing relationships upon obtaining control¹ of Cell C

2.2.1

(480 707)

– 

Gain on settlement by Cell C of leases with Dark Fibre Africa⁵

1.1 

(355 832)

– 

Impairment of inventory  

17 424 

8 034 

Insurance⁶  

34 137 

27 600 

IT infrastructure costs and computer-related costs⁷

85 136 

76 831 

Legal fees⁸  

4 417 

11 569 

Licence fees⁹

150 291 

87 076 

Loss on disposal of property, plant and equipment  

3 163 

1 998 

Loss on disposal of intangible assets

37 092 

– 

Loss on disposal of subsidiary – Cell C (including CEC)

2.2.2

6 027 454 

– 

Loss on disposal of subsidiary – other

105 060 

– 

Loss on in-substance written call option over Cell C shares issued to Sisonke Growth Partners Proprietary Limited

3.5 

140 000 

– 

Loss on written put option over Cell C shares issued to Nedbank and Lesaka

3.5 

141 117 

– 

Motor vehicle expenses¹⁰ 

11 578 

11 450 

Software development and IT project costs

56 999 

70 390 

Staff training¹¹  

45 528 

52 492 

Transaction costs related to the restructuring, unbundling and the listing of Cell C¹²

318 992 

– 

Impairments of goodwill comprise the following:

Fair value movements comprise the following: 

Fair value gain on surety receivable 

3.5 

(2 200)

(2 883)

Net fair value gain on financial instruments 

3.5 

21 896 

(171 433)

Bad debts and expected credit loss on loans 

(9 469)

(284 981)

TPC

(Gain)/loss on modification of financial liability – Class A Preference Shares 

3.4.2

(43 238)

18 769 

Gain on derecognition of financial liability – SPV⁵

3.4.2

(165 216)

– 

Loss on modification of financial liability – Gramercy

3.4.2

15 792 

– 

CEC