Value added statement
Value added is a measure of the wealth the group has been able to create. The following statement shows how this wealth has been distributed:
| (R’million) |
|
2013 |
|
% |
|
| Turnover |
30 072,0 |
|
100,0 |
|
|
27 003,5 |
|
100,0 |
|
| Less: Net cost of products and services |
22 068,0 |
|
73,4 |
|
|
19 985,1 |
|
74,0 |
|
| Value added |
8 004,0 |
|
26,6 |
|
|
7 018,4 |
|
26,0 |
|
| Add: Income from investments and associates |
624,7 |
|
2,1 |
|
|
552,7 |
|
2,0 |
|
| Wealth created |
8 628,7 |
|
28,7 |
|
|
7 571,1 |
|
28,0 |
|
| Applied to: |
|
|
|
|
|
|
|
|
|
| Employees |
|
|
|
|
|
|
|
|
|
| Salaries, wages and other benefits |
3 307,2 |
|
38,3 |
|
|
2 860,2 |
|
37,8 |
|
| Providers of capital |
1 896,2 |
|
22,0 |
|
|
1 825,5 |
|
24,1 |
|
| Interest on borrowings |
429,0 |
|
5,0 |
|
|
399,4 |
|
5,3 |
|
| Dividends and capital distributions to non-controlling interests and preference shareholders |
20,7 |
|
0,2 |
|
|
9,9 |
|
0,1 |
|
| Dividends to ordinary shareholders |
1 446,5 |
|
16,8 |
|
|
1 416,2 |
|
18,7 |
|
| Government |
|
|
|
|
|
|
|
|
|
| Taxation (refer ) |
1 472,8 |
|
17,1 |
|
|
1 346,1 |
|
17,8 |
|
| Retained in the group |
1 952,5 |
|
22,6 |
|
|
1 539,3 |
|
20,3 |
|
| |
8 628,7 |
|
100,0 |
|
|
7 571,1 |
|
100,0 |
|
| Note 1 |
|
|
|
|
|
|
|
|
|
| Income taxation (excluding deferred tax) |
1 053,1 |
|
|
|
|
942,7 |
|
|
|
| Skills development levy |
22,8 |
|
|
|
|
15,7 |
|
|
|
| Rates and taxes paid to local authorities |
23,8 |
|
|
|
|
29,1 |
|
|
|
| Customs duties, import surcharges and excise taxes |
373,1 |
|
|
|
|
358,6 |
|
|
|
| Gross contribution to government |
1 472,8 |
|
|
|
|
1 346,1 |
|
|
|
The payments to government exclude taxation deducted from employees’ remuneration of R365,4 million (2013:
R325,8 million), net VAT of R413,1 million (2013: R422,1 million), excise duty on revenue and UIF payments.
| (R’million) |
2013 |
|
% |
|
2012 |
|
% |
|
2011 |
|
% |
|
2010 |
|
% |
|
| Trend of value added |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Employees |
3 307,2 |
|
38 |
|
2 860,2 |
|
38 |
|
2 530,1 |
|
36 |
|
2 241,1 |
|
36 |
|
2 151,9 |
|
37 |
|
| Providers of capital |
1 896,2 |
|
22 |
|
1 825,5 |
|
24 |
|
1 509,2 |
|
21 |
|
1 313,8 |
|
21 |
|
1 305,3 |
|
22 |
|
| Government |
1 472,8 |
|
17 |
|
1 346,1 |
|
18 |
|
1 189,1 |
|
17 |
|
1 082,6 |
|
17 |
|
881,6 |
|
15 |
|
| Retained in the group |
1 952,5 |
|
23 |
|
1 539,3 |
|
20 |
|
1 822,7 |
|
26 |
|
1 603,4 |
|
26 |
|
1 492,4 |
|
26 |
|
| |
8 628,7 |
|
100 |
|
7 571,1 |
|
100 |
|
7 051,1 |
|
100 |
|
6 240,9 |
|
100 |
|
5 831,2 |
|
100 |
|
| |
|
