Segment reporting (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of summarized financial information

Summarized financial information for the year ended December 31, 2021 is as follows:

2021

Nigeria

SSA

Latam

MENA

Other

Total

$’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

(61,810)

Business combination costs

(15,779)

Impairment of property, plant and equipment and prepaid rental (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*

—

644,336

—

- In the normal course of business

318,971

56,291

103,338

20,725

Segment assets*

2,038,376

1,024,347

1,353,279

173,888

Segment liabilities

745,944

494,236

342,181

100,947

* Restated for the correction in accounting in respect of the acquisition of Fiberco Soluções de Infraestrutura S.A. (see note 2.24).

(a)	Other costs for the year ended December 31, 2021 included non-recurring professional costs related to financing of $15.1 million and aborted transaction costs of $0.7 million.

Summarized financial information for the year ended December 31, 2020 is as follows:

2020

Nigeria

SSA

Latam

MENA

Other

Total

$’000

Revenues from external customers

1,037,836

313,416

30,185

21,712

—

1,403,149

Segment Adjusted EBITDA (note 4(e))

701,273

170,784

22,696

9,937

(85,676)

819,014

Depreciation and amortization (note 7 and 8)

(408,662)

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

764

Insurance claims (note 9)

14,987

Impairment of withholding tax receivables in Nigeria

(31,533)

Business combination costs

(13,727)

Impairment of property, plant and equipment and prepaid rental (note 7)

(27,594)

Listing costs

(12,652)

Other costs (a)

(310)

Share‑based payment expense (note 8)

(8,342)

Finance income (note 10)

148,968

Finance costs (note 11)

(633,766)

Loss before income tax

(152,853)

Additions of property, plant and equipment and intangible assets:

- through business combinations

—

760,246

112,878

- In the normal course of business

195,692

61,147

31,703

8,465

Segment assets

2,040,911

1,043,669

682,813

142,210

Segment liabilities

747,428

532,801

266,596

92,917

(a)	Other costs for the year ended December 31, 2020 related to aborted transaction costs.


2019	Nigeria	SSA	Other	Total
	$’000	$’000	$’000	$’000

Revenues from external customers	925,704	305,352	—	1,231,056

Segment Adjusted EBITDA (note 4(e))	559,049	165,626	(56,061)	668,614
Depreciation and amortization (note 7 and 8)				(384,507)
Net loss on disposal of property, plant and equipment (note 8)				(5,819)
Insurance claims (note 9)				3,607
Impairment of withholding tax receivables in Nigeria				(44,586)
Business combination costs				(3,745)
Impairment of property, plant and equipment and prepaid rental (note 7)				(21,604)
Listing costs				(1,078)
Other costs (a)				(16,932)
Share‑based payment expense (note 8)				(351,054)
Finance income (note 10)				36,045
Finance costs (note 11)				(288,915)
Loss before income tax				(409,974)
Additions of property, plant and equipment and intangible assets:
- through business combinations	—	—
- In the normal course of business	363,501	49,704

Segment assets	2,349,699	1,056,982
Segment liabilities	768,206	552,343

(a)

Other costs for the year ended December 31, 2019 included redundancy costs of $3.2 million, aborted transaction costs of $0.6 million, $9.6 million of consultancy, facility set up, and other related expenses for the Group's finance transformation program and $3.4 million related to MENA start-up costs.

Schedule of countries contributing material revenue and/or have material non current assets


	2021	2020	2019
	$’000	$'000	$'000
Revenue
Nigeria	1,146,732	1,037,836	925,704
Rest of world	432,998	365,313	305,352
	1,579,730	1,403,149	1,231,056
Non‑current assets*
Nigeria	1,572,774	1,654,318	1,991,553
Côte d’Ivoire	n.a as less than 10%	330,705	317,597
Cameroon	n.a as less than 10%	n.a as less than 10%	288,773
Brazil	812,100	641,253	—
Rest of world	1,415,355	626,991	276,867
	3,800,229	3,253,267	2,874,790

* Non-current assets exclude available for sale financial assets, non-current trade and other receivables and deferred tax assets.

Schedule of revenue from tier one customers


	2021		2020		2019
	$’000		$'000		$'000

Customer A	66	%	66	%	63	%
Customer B	14	%	n.a as less than 10%		13	%
Customer C	n.a as less than 10%		14	%	14	%