Blue Label Telecoms - Value added statements

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Value added statements

The value added statement of the group shows how much economic value has been created by Blue Label through its utilisation of capital, capacity and other resources and how the economic value was distributed to stakeholders.

2012

	2012 R’000	2012 %
Value added
Value added by operating activities	1 068 131	94.7
Revenue	18 722 080
Net operating expenses	(17 653 949)
Value added by investing activities	59 730	5.3
Interest income	59 730

	1 127 861	100
Value distributed
Distributed to employees	329 406	29.2
Salaries, wages, medical and other benefits	329 406
Distributed to providers of finance	3 307	0.3
Finance costs	3 307
Distributed to the state	190 759	16.9
Income tax	190 759
Distributed to social responsibility	3 340	0.3
Corporate social investment	3 340
Value reinvested	181 575	16.1
Depreciation, amortisation and impairment	91 557
Net discounting nance costs	66 505
Share of losses of associates and joint ventures	19 835
Deferred taxation	3 678
Value retained	419 474	37.2
Retained profit	438 104
Minority shareholders' interest	(18 630)

	1 127 861	100

2011

	2011 R’000	2011 %
Value added
Value added by operating activities	1 008 910	95.2
Revenue	18 601 571
Net operating expenses	(17 592 661)
Value added by investing activities	50 645	4.8
Fair value movement on financial assets at fair value
through profit or loss	—
Interest income	50 645

	1 059 555	100
Value distributed
Distributed to employees	298 718	28.2
Salaries, wages, medical and other benefits	298 718
Distributed to providers of finance	8 221	0.8
Finance costs	8 221
Distributed to the state	171 620	16.2
Income tax	171 620
Withholding tax	–
Value reinvested	196 025	18.5
Depreciation, amortisation and impairment	193 132
Net discounting finance cost	17 634
Share of losses of associates	2 757
Deferred taxation	(17 498)
Value retained	384 971	36.3
Retained profit	431 448
Minority shareholders' interest	(46 477)

	1 059 555	100

2010

	2010 R’000	2010 %
Value added
Value added by operating activities	989 172	92.2
Revenue	17 027 696
Net operating expenses	(16 038 524)
Value added by investing activities	84 127	7.8
Fair value movement on financial assets at fair value
through profit or loss	—
Interest income	84 127

	1 073 299	100
Value distributed
Distributed to employees	299 928	27.9
Salaries, wages, medical and other benefits	299 928
Distributed to providers of finance	5 130	0.5
Finance costs	5 130
Distributed to the state	183 773	17.2
Income tax	181 838
Withholding tax	1 935
Value reinvested	159 287	14.8
Depreciation, amortisation and impairment	119 785
Net discounting finance cost	41 537
Share of losses of associates	14 982
Deferred taxation	(17 017)
Value retained	425 181	39.6
Retained profit	365 022
Minority shareholders' interest	60 159

	1 073 299	100

2009

	2009 R’000	2009 %
Value added
Value added by operating activities	847 005	84.2
Revenue	15 281 449
Net operating expenses	(14 434 444)
Value added by investing activities	158 539	15.8
Fair value movement on financial assets at fair value
through profit or loss	32
Interest income	158 507

	1 005 544	100
Value distributed
Distributed to employees	278 970	27.7
Salaries, wages, medical and other benefits	278 970
Distributed to providers of finance	4 891	0.5
Finance costs	4 891
Distributed to the state	190 144	18.9
Income tax	190 144
Withholding tax	–
Value reinvested	166 574	16.6
Depreciation, amortisation and impairment	93 220
Net discounting finance cost	61 269
Share of losses of associates	27 445
Deferred taxation	(15 360)
Value retained	364 965	36.3
Retained profit	390 547
Minority shareholders' interest	(25 582)

	1 005 544	100