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Tiger Brands Limited integrated annual report
2015
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:
Rm
2015
%
2014
%
Turnover
31 557,6
100,0
30 072,0
100,0
Less
: Net cost of products and services
23 414,3
74,2
22 068,0
73,4
Value added
8 143,3
25,8
8 004,0
26,6
Add
: Income from investments and associates
619,9
2,0
624,7
2,1
Wealth created
8 763,2
27,8
8 628,7
28,7
Applied to:
Employees
Salaries, wages and other benefits
3 582,4
40,9
3 307,2
38,3
Providers of capital
2 007,8
22,9
1 896,2
22,0
Interest on borrowings
413,8
4,7
429,0
5,0
Dividends and capital distributions to non-controlling interests
and preference shareholders
19,4
0,2
20,7
0,2
Dividends to ordinary shareholders
1 574,6
18,0
1 446,5
16,8
Government
Taxation (refer note 1)
1 219,6
13,9
1 472,8
17,1
Retained in the group
1 953,4
22,3
1 952,5
22,6
8 763,2
100,0
8 628,7
100,0
Note 1
Income taxation (excluding deferred tax)
1 007,2
1 053,1
Skills development levy
26,6
22,8
Rates and taxes paid to local authorities
89,6
23,8
Customs duties, import surcharges and excise taxes
96,2
373,1
Gross contribution to government
1 219,6
1 472,8
Payments to government exclude taxation deducted from employees’ remuneration of R378,0 million (2014: R365,4 million), net
VAT of R396,1 million (2014: R413,1 million), excise duty on revenue and UIF payments.
Rm
2015 %
2014 % 2013 % 2012 % 2011 %
Trend of value
added
Employees
3 582,4
41
3 307,2
38 2 860,2 38 2 530,1 36 2 241,1 36
Providers of capital
2 007,8
23
1 896,2
22 1 825,5 24 1 509,2 21 1 313,8 21
Government
1 219,6
14
1 472,8 17 1 346,1 18 1 189,1 17 1 082,6 17
Retained in the
group
1 953,4
22
1 952,5 23 1 539,3 20 1 822,7 26 1 603,4 26
8 763,2 100
8 628,7 100 7 571,1 100
7 051,1 100
6 240,9 100