Value Added Statements
“Value added” is the measure of wealth the group has created in its operations by “adding value” to the cost of
products and services. The statement below summarises the total wealth created and shows how it was
shared by employees and other parties who contributed to its creation. Also set out below is the amount
retained and re-invested in the group for the replacement of assets and the further development of operations.
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2009 |
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2009 |
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2008 |
|
2008 |
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R000 |
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% |
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|
R000 |
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% |
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VALUE ADDED |
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Value added by operating activities |
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|
847 005 |
|
84,2 |
|
|
|
594 545 |
|
77,2 |
|
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Revenue |
|
|
15 281 449 |
|
|
|
|
|
12 545 471 |
|
|
|
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Net operating expenses |
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(14 434 444) |
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|
|
|
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(11 950 926) |
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|
|
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Value added by investing activities |
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158 539 |
|
15,8 |
|
|
|
176 002 |
|
22,8 |
|
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Fair value movement on financial assets at |
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|
|
|
|
|
|
|
|
|
|
|
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fair value through profit or loss |
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|
32 |
|
|
|
|
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(1 375) |
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|
|
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Interest income |
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|
158 507 |
|
|
|
|
|
177 377 |
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|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
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1 005 544 |
|
100 |
|
|
|
770 547 |
|
100 |
|
| |
|
|
|
|
|
|
|
|
|
|
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|
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VALUE DISTRIBUTED |
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Distributed to employees |
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|
278 970 |
|
27,7 |
|
|
|
265 003 |
|
34,4 |
|
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Salaries, wages, medical and other benefits |
|
|
278 970 |
|
|
|
|
|
265 003 |
|
|
|
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Distributed to providers of finance |
|
|
4 891 |
|
0,5 |
|
|
|
46 575 |
|
6,0 |
|
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Finance costs |
|
|
4 891 |
|
|
|
|
|
46 575 |
|
|
|
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Distributed to the state |
|
|
190 144 |
|
18.9 |
|
|
|
102 009 |
|
13,2 |
|
| |
Income tax |
|
|
190 144 |
|
|
|
|
|
101 759 |
|
|
|
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STC |
|
|
– |
|
|
|
|
|
250 |
|
|
|
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Value reinvested |
|
|
166 574 |
|
16,6 |
|
|
|
149 168 |
|
19,4 |
|
| |
Depreciation, amortisation and impairment |
|
|
93 220 |
|
|
|
|
|
58 670 |
|
|
|
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Net discounting finance cost |
|
|
61 269 |
|
|
|
|
|
85 225 |
|
|
|
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Share of losses of associates |
|
|
27 445 |
|
|
|
|
|
17 441 |
|
|
|
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Deferred taxation |
|
|
(15 360) |
|
|
|
|
|
(12 168) |
|
|
|
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Value retained |
|
|
364 965 |
|
36,3 |
|
|
|
207 792 |
|
27,0 |
|
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Retained profit |
|
|
390 547 |
|
|
|
|
|
180 891 |
|
|
|
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Minority shareholders’ interest |
|
|
(25 582) |
|
|
|
|
|
26 901 |
|
|
|
| |
|
|
|
1 005 544 |
|
100 |
|
|
|
770 547 |
|
100 |
|
|
