Year ended 31 March

	2011   R’m	2010   R’m
Trading profit	5 838	5 447
Finance cost on transponder leases	144	93
Amortisation of intangible assets	(1 045)	(1 135)
Other gains/(losses) – net	(881)	(364)
Operating profit	4 056	4 041

Note For a reconciliation of operating profit to profit before taxation, refer to the consolidated income statement.