Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

rephrase The lower EBITDA (Excluding the effect of IFRS 15 agent revenue) is primarily as a result of project delays in international revenue (R29m). Furthermore,

rephrase The lower EBITDA (Excluding the effect of IFRS 15 agent revenue) is primarily as a result of project delays in international revenue (R29m). Furthermore, Operational expenditure increased by R25m largely due to costs relating to third party services as a result of reallocations from product related costs and increased cabling revenue related cost. The increase in operational expenses is partially offset by lower maintenance cost (R6m) mainly due TKB SAM costs in operate that will come in May, and lower costs in Solutions due to projected maintenance increases not yet received. Service Fees of R9m (19.8%) also contributed, this is due to savings on TKB credit management consulting, release of prior year M&A consulting accrual, timing differences in building maintenance and consulting spend. In addition, EBITDA reflects the decrease in direct expense which corresponds with the lower product revenue in international (R28m)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Accounting

Authors: Frederick D. Choi, Gary K. Meek

7th Edition

978-0136111474, 0136111475

More Books

Students also viewed these Accounting questions

Question

Write a paper on Ford Motor Company

Answered: 1 week ago