Statement of Financial Position Disclosure (Schedule 1, Part 2)

| para | | 2001
$ | | 2000
$ |
|-----|-----------------------|------------|------------|
| 1 | Current assets | | |
| (a) | Cash and bank balances: | ......215 | ......200 |
| (b) | Short-term investments: | 171,429 | 0 |
| (c) | Inventories: | .......... | .......... |
| (d) | Accounts receivable: | 2,081,433 | 2,165,457 |
| (e) | Other current assets not listed in (a) to (d): | 10,785,092 | 10,919,517 |
| (f) | Total current assets | 13,038,169 | 13,085,174 |

| 2 | Fixed assets | | |
| (a) | System fixed assets: | 73,492,694 | 72,731,474 |
| (b) | Consumer billing and information system assets: | 208,640 | 207,684 |
| (c) | Motor vehicles: | 27,793 | .......... |
| (d) | Office equipment: | 39,705 | 42,556 |
| (e) | Land and buildings: | 4,442 | 4,739 |
| (f) | Capital works under construction: | 253,801 | 941,745 |
| (g) | Other fixed assets not listed in (a) to (f): | .......... | .......... |
| (h) | Total fixed assets | 74,027,075 | 73,828,198 |

| 3 | Other tangible assets not listed above | 0 | 0 |

| 4 | Total tangible assets | 87,065,244 | 86,913,372 |

| 5 | Intangible assets | | |
| (a) | Goodwill: | .......... | .......... |
| (b) | Other intangibles not listed in (a) above: | .......... | .......... |
| (c) | Total intangible assets | 0 | 0 |

| 6 | Total assets | 87,065,244 | 86,913,372 |

| 7 | Current liabilities | | |
| (a) | Bank overdraft: | 250,784 | 102,056 |
| (b) | Short-term borrowings: | 8,214,019 | 3,790,000 |
| (c) | Payables and accruals: | 2,575,663 | 2,476,350 |
| (d) | Provision for dividends payable: | .......... | .......... |
| (e) | Provision for income tax: | 1,402,430 | 584,000 |
| (f) | Other current liabilities not listed in (a) to (e) above: | .......... | 6,952,406 |
| (g) | Total current liabilities | 12,442,896 | 13,904,812 |

| 8 | Non-current liabilities | | |
| (a) | Payables and accruals: | .......... | .......... |
| (b) | Borrowings: | 165,981 | 5,110,000 |
| (c) | Deferred tax: | .......... | .......... |
| (d) | Other non-current liabilities not listed in (a) to (c) above: | .......... | .......... |
| (e) | Total non-current liabilities | 165,981 | 5,110,000 |

| 9 | Equity | | |
| (a) | Shareholders' equity: | | |
| (i) | Share capital: | 23,217,980 | 23,217,960 |
| (ii)| Retained earnings: | 16,297,173 | 16,775,589 |
| (iii)| Reserves: | 33,921,214 | 34,857,397 |
| (iv)| Total Shareholders' equity: | 73,436,367 | 74,850,966 |
| (b) | Minority interests in subsidiaries: | .......... | .......... |
| (c) | Total equity: | 73,436,367 | 74,850,966 |
| (d) | Capital notes: | .......... | .......... |
| (e) | Total capital funds: | 73,436,367 | 74,850,966 |

| 10 | Total equity and liabilities | 87,065,244 | 86,913,372 |