MTN : International (Mauritius) Limited 2021 Signed FS

MTN International (Mauritius) Limited

(Registration number: 19434/3597)

Annual Financial Statements for the year ended 31 December 2021

MTN International (Mauritius) Limited
Company Annual Financial Statements
for the year ended 31 December 2021
Contents	Page
Company information	2
Statement of directors' responsibility	3
Certificate by the Company Secretary	4
Directors' report	5-6
Independent auditor's report	7 - 10
Statement of profit or loss and other comprehensive income	11
Statement of financial position	12
Statement of changes in equity	13
Statement of cash flows	14
Notes to the financial statements	15 - 50

Company information for the year ended 31 December 2021

Directors:Administrator:Secretary:Registered:

Paul Deon Norman1 Roshan Nathoo2 Jean-François Legrigore2 Tsholofelo Beatitude Lettie Molefe1

¹ South African ² Mauritian

MTN International (Mauritius) Limited Rogers House

5 President John Kennedy Street Port Louis

Republic of Mauritius

Rogers Capital Corporate Services Limited Rogers House

5 President John Kennedy Street Port Louis

Republic of Mauritius

C/o Rogers Capital Corporate Services Limited

Rogers House

5 President John Kennedy Street Port Louis

Republic of Mauritius

Auditor:

PricewaterhouseCoopers PwC Centre

Avenue de Telfair Telfair 80829

Moka, Republic of Mauritius

Date of appointment

14 January 2004

20 April 2010

14 January 2019

12 May 2021

Statement of directors' responsibility for the year ended 31 December 2021

Company law requires the directors to prepare Annual Financial Statements for each financial year which present fairly the financial position, financial performance and cash flows of MTN International (Mauritius) Limited (the Company). Full details of the financial results of the Company are set out on pages 11 to 50 of these Annual Financial Statements for the year ended 31 December 2021. In preparing these Annual Financial Statements, the directors are required to:

• • select suitable accounting policies and then apply them consistently;

• • make judgements and estimates that are reasonable and prudent;

• • state whether International Financial Reporting Standards have been followed, and disclose and explain any material departures in the Annual Financial Statements; and

• • prepare the Annual Financial Statements on the going concern basis, unless it is inappropriate to presume that the Company will continue in business in the foreseeable future.

The directors confirm that they have complied with the above requirements in preparing the Annual Financial Statements.

The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy, at any time, the financial position, results and cash flows of the Company to enable them to ensure that the Annual Financial Statements comply with the Mauritian Companies Act 2001. They are also responsible for safeguarding the assets of the Company and for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors of the Company are responsible for the controls over, and the security of the website and, where applicable, for establishing and controlling the process for electronically distributing the Annual Financial Statements and other financial information to the shareholder and to the Registrar of Companies.

R Nathoo Director

28 April 2022

28 April 2022

Certificate by the Company Secretary for the year ended 31 December 2021

Rogers Capital Corporate Services Ltd Rogers House, 5 President John Kennedy Street

Port-Louis

Republic of Mauritius

We certify that, to the best of our knowledge and belief, the Company has filed with the Registrar of Companies all such returns as are required of the Company under the Mauritian Companies Act 2001.

Authorised signatory

Rogers Capital Corporate Services Ltd Company Secretary

28 April 2022