Economic contribution

Economic contribution

VALUE ADDED STATEMENT

Value added is the measure of wealth the group creates through its operations by adding value to the cost of raw materials, products and services purchased. The statement below summarises the total wealth created and how it is distributed between stakeholders.

      2010   2010   2009   2009  
      %   R’000   %   R’000  
  Revenue        15 201 095        14 768 807  
  Less: Costs of materials, services and sub-contractors        (11 117 218)        (10 783 972)  
  Value added by operations   93,6   4 083 877   92,4    3 984 835  
  Finance income   6,4   279 505   7,6    328 704  
  Wealth created   100,0   4 363 382   100,0    4 313 539  
  Distributed as follows:                
  Share capital       660       660  
  Share premium       27 965       27 965  
  Employees                  
  Payroll costs   57,8   2 523 763   60,1   2 593 028  
  Share based expense   0,2   8 922   0,5   22 974  
  Providers of equity                  
  Dividend paid to shareholders   0,4   193 974   0,7   172 589  
  Providers of finance                  
  Interest and finance charges   1,5   17 018   2,9   31 847  
  Lease costs   0,2   7 712   0,1   5 607  
  Government                  
  Company taxation   10,7   466 524   9,2   398 033  
  Re-invested in the group                  
  Reserves available to ordinary shareholders   22,0    961 486   20,6    889 928  
  Depreciation   4,2    183 985   4,7    201 634  
      26,3    1 145 470   25,3    1 089 461  
  Wealth distribution   100,0   4 363 382   100,0   4 313 539