​

2023

2022

*

2021

​

​

$’000

​

$'000

$'000

Reconciliation:

​

​

Loss before income tax

(1,880,650)

​

(543,979)

​

(8,141)

Adjustments:

​

​

​

​

​

Depreciation of property, plant and equipment (note 7 and 8)

385,203

​

421,574

​

344,716

Amortization of intangible assets (note 15)

50,383

​

47,330

​

38,166

Impairment of property, plant and equipment, intangible assets excluding goodwill and related prepaid land rent (note 7)

87,696

​

38,157

​

51,113

Loss allowance/(reversal of loss allowance) on trade receivables (note 8.1)

7,202

​

(4,446)

​

(34,031)

Impairment of withholding tax receivables (note 8)

47,992

​

52,334

​

61,810

Impairment of goodwill (note 8)

​

—

​

121,596

​

—

Amortization of prepaid site rent

9,534

​

9,631

​

8,321

Net (gain)/loss on disposal of plant, property and equipment (note 8)

(3,806)

​

3,382

​

(2,499)

Insurance claim income (note 9)

(321)

​

(2,092)

​

(6,861)

Finance costs (note 11)

2,436,511

​

872,049

​

422,034

Finance income (note 10)

(25,209)

​

(15,825)

​

(25,522)

Share‑based payment expense (note 28)

13,370

​

13,265

​

11,780

Impairment/(reversal of impairment) of inventory

—

​

138

​

(315)

Reversal of decommissioning through profit and loss

​

—

​

—

​

(2,671)

Operating profit before working capital changes

1,127,905

​

1,013,114

​

857,900

​

​

​

​

​

​

​

Changes in working capital

​

​

Decrease/(increase) in inventory

11,249

​

(37,750)

​

6,689

Increase in trade and other receivables

(295,260)

​

(141,723)

​

(164,382)

Increase in trade and other payables

59,029

​

133,233

​

87,866

Net movement in working capital

(224,982)

​

(46,240)

​

(69,827)

​

​

​

​

​

​

​

Cash from operations

902,923

​

966,874

​

788,073