| Schedule of summarized financial information |
Summarized financial information for the year ended December 31, 2023 is as follows: | | | | | | | | | | | | | 2023 | | Nigeria | | SSA | | Latam | | MENA | | Other | | Total | | | $’000 | | $’000 | | $’000 | | $’000 | | $’000 | | $’000 | | | | | | | | | | | | | | Revenues from external customers | | 1,381,627 | | 503,049 | | 200,207 | | 40,656 | | — | | 2,125,539 | | | | | | | | | | | | | | Segment Adjusted EBITDA (note 4(e)) | | 855,317 | | 257,072 | | 145,754 | | 22,121 | | (147,729) | | 1,132,535 | Depreciation and amortization (note 7 and 8) | | | | | | | | | | | | (435,586) | Net gain on disposal of property, plant and equipment (note 8) | | | | | | | | | | | | 3,806 | Insurance claims (note 9) | | | | | | | | | | | | 321 | Impairment of withholding tax receivables in Nigeria (note 8) | | | | | | | | | | | | (47,992) | Business combination costs (note 8) | | | | | | | | | | | | (2,432) | Impairment of property, plant and equipment, intangible assets excluding goodwill and related prepaid land rent (note 7) | | | | | | | | | | | | (87,696) | Other costs (a) | | | | | | | | | | | | (19,017) | Share‑based payment expense (note 8) | | | | | | | | | | | | (13,370) | Finance income (note 10) | | | | | | | | | | | | 25,209 | Finance costs (note 11) | | | | | | | | | | | | (2,436,511) | Other non-operating income (note 9) | | | | | | | | | | | | 83 | Loss before income tax | | | | | | | | | | | | (1,880,650) | Additions of property, plant and equipment and intangible assets: | | | | | | | | | | | | | - through business combinations | | — | | — | | — | | 8,566 | | | | | - In the normal course of business | | 320,027 | | 96,905 | | 247,580 | | 18,034 | | | | | | | | | | | | | | | | | | Segment assets | | 1,441,240 | | 1,406,675 | | 2,216,873 | | 186,586 | | | | | Segment liabilities | | 866,996 | | 815,769 | | 766,687 | | 111,751 | | | | |
| (a) | Other costs for the year ended December 31, 2023 included one-off consulting fees related to corporate structures and operating systems of $10.6 million, one-off consulting services of $1.7 million, costs related to internal reorganization of $4.7 million and one-off professional fees related to financing of $0.3 million. |
Summarized financial information for the year ended December 31, 2022 is as follows: | | | | | | | | | | | | | 2022 | | Nigeria | | SSA | | Latam | | MENA | | Other | | Total | | | $’000 | | $’000 | | $’000 | | $’000 | | $’000 | | $’000 | | | | | | | | | | | | | | Revenues from external customers | | 1,352,402 | | 412,824 | | 160,008 | | 36,065 | | — | | 1,961,299 | | | | | | | | | | | | | | Segment Adjusted EBITDA (note 4(e))* | | 802,822 | | 230,066 | | 114,434 | | 16,021 | | (132,412) | | 1,030,931 | Depreciation and amortization (note 7 and 8)* | | | | | | | | | | | | (468,904) | Net loss on disposal of property, plant and equipment (note 8) | | | | | | | | | | | | (3,382) | Insurance claims (note 9) | | | | | | | | | | | | 2,092 | Impairment of withholding tax receivables in Nigeria (note 8) | | | | | | | | | | | | (52,334) | Impairment of Goodwill (note 8) | | | | | | | | | | | | (121,596) | Business combination costs (note 8) | | | | | | | | | | | | (20,851) | Impairment of property, plant and equipment, intangible assets excluding goodwill and related prepaid land rent (note 7) | | | | | | | | | | | | (38,157) | Other costs (a) | | | | | | | | | | | | (4,873) | Share‑based payment expense (note 8) | | | | | | | | | | | | (13,265) | Finance income (note 10) | | | | | | | | | | | | 15,825 | Finance costs (note 11)* | | | | | | | | | | | | (872,049) | Other non-operating income | | | | | | | | | | | | 2,584 | Loss before income tax* | | | | | | | | | | | | (543,979) | Additions of property, plant and equipment and intangible assets: | | | | | | | | | | | | | - through business combinations* | | — | | 719,219 | | 386,460 | | 3,650 | | | | | - In the normal course of business | | 400,430 | | 101,154 | | 135,069 | | 23,532 | | | | | | | | | | | | | | | | | | Segment assets* | | 2,270,656 | | 1,639,254 | | 1,931,317 | | 178,471 | | | | | Segment liabilities* | | 935,387 | | 912,875 | | 555,885 | | 109,087 | | | | |
*Re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022. | (a) | Other costs for the year ended December 31, 2022 included $2.3 million costs related to internal reorganization. |
Summarized financial information for the year ended December 31, 2021 is as follows: | | | | | | | | | | | | | 2021 | | Nigeria | | SSA | | Latam | | MENA | | Other | | Total | | | $’000 | | $’000 | | $’000 | | $’000 | | $’000 | | $’000 | | | | | | | | | | | | | | Revenues from external customers | | 1,146,732 | | 343,945 | | 59,706 | | 29,347 | | — | | 1,579,730 | | | | | | | | | | | | | | Segment Adjusted EBITDA (note 4(e)) | | 783,544 | | 190,654 | | 42,688 | | 13,085 | | (103,575) | | 926,396 | Depreciation and amortization (note 7 and 8) | | | | | | | | | | | | (382,882) | Net gain on disposal of property, plant and equipment (note 8) | | | | | | | | | | | | 2,499 | Insurance claims (note 9) | | | | | | | | | | | | 6,861 | Impairment of withholding tax receivables in Nigeria (note 8) | | | | | | | | | | | | (61,810) | Business combination costs (note 8) | | | | | | | | | | | | (15,779) | Impairment of property, plant and equipment, intangible assets excluding goodwill and related prepaid land rent (note 7) | | | | | | | | | | | | (51,113) | Reversal of provision for decommissioning costs | | | | | | | | | | | | 2,671 | Listing costs | | | | | | | | | | | | (22,153) | Other costs (a) | | | | | | | | | | | | (15,752) | Share‑based payment expense (note 8) | | | | | | | | | | | | (11,780) | Finance income (note 10) | | | | | | | | | | | | 25,522 | Finance costs (note 11) | | | | | | | | | | | | (422,034) | Other non-operating income | | | | | | | | | | | | 11,213 | Loss before income tax | | | | | | | | | | | | (8,141) | Additions of property, plant and equipment and intangible assets: | | | | | | | | | | | | | - through business combinations | | — | | — | | 468,535 | | — | | | | | - In the normal course of business | | 318,971 | | 56,291 | | 103,338 | | 20,725 | | | | | | | | | | | | | | | | | | Segment assets | | 2,038,376 | | 1,024,347 | | 1,453,729 | | 173,888 | | | | | Segment liabilities | | 745,944 | | 494,236 | | 393,090 | | 100,947 | | | | | | | | | | | | | | | | | |
| (a) | Other costs for the year ended December 31, 2021 included one-off professional costs related to financing of $15.1 million and aborted transaction costs of $0.7 million. |
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| Schedule of countries contributing material revenue and/or have material non current assets |
| | | | | | | | | 2023 | | 2022 | | 2021 | | | $’000 | | $'000 | | $'000 | Revenue | | | | | | | Nigeria | | 1,381,627 | | 1,352,402 | | 1,146,732 | Rest of world | | 743,912 | | 608,897 | | 432,998 | | | 2,125,539 | | 1,961,299 | | 1,579,730 | Non‑current assets* | | | | | | | Nigeria | | 898,264 | | 1,597,989 | | 1,572,774 | Brazil | | 1,875,098 | | 1,648,863 | | 1,274,378 | South Africa | | 493,651 | | 652,492 | ** | — | Rest of world | | 912,459 | | 953,607 | | 1,013,385 | | | 4,179,472 | | 4,852,951 | | 3,860,537 |
*Non-current assets exclude financial instruments, non-current trade and other receivables and deferred tax assets. **Re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022.
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