sustainability report
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.
| |
2008 |
|
2008 |
|
2007 |
|
2007 |
|
| |
R000 |
|
% |
|
R000 |
|
% |
|
| VALUE ADDED |
|
|
|
|
|
|
|
|
| Value added by operating activities |
594 545 |
|
77,2 |
|
368 916 |
|
81,1 |
|
| Revenue |
12 545 471 |
|
|
|
8 895 044 |
|
|
|
| Net operating expenses |
(11 950 926) |
|
|
|
(8 526 128) |
|
|
|
| Value added by investing activities |
176 002 |
|
22,8 |
|
85 854 |
|
18,9 |
|
| Fair value movement on financial assets at fair value through profit or loss |
(1 375) |
|
|
|
2 540 |
|
|
|
| Interest income |
177 377 |
|
|
|
83 314 |
|
|
|
| |
|
|
|
|
|
|
|
|
| |
770 547 |
|
100 |
|
454 770 |
|
100 |
|
| VALUE DISTRIBUTED |
|
|
|
|
|
|
|
|
| Distributed to employees |
265 003 |
|
34,4 |
|
142 320 |
|
31,3 |
|
| Salaries, wages, medical and other benefits |
265 003 |
|
|
|
142 320 |
|
|
|
| Distributed to providers of finance |
46 575 |
|
6,0 |
|
62 942 |
|
13,8 |
|
| Finance costs |
46 575 |
|
|
|
62 942 |
|
|
|
| Distributed to the state |
102 009 |
|
13,2 |
|
55 183 |
|
12,1 |
|
| Income tax |
101 759 |
|
|
|
55 094 |
|
|
|
| STC |
250 |
|
|
|
89 |
|
|
|
| Value reinvested |
149 168 |
|
19,4 |
|
84 498 |
|
18,6 |
|
| Depreciation, amortisation and impairment |
58 670 |
|
|
|
26 682 |
|
|
|
| Net discounting finance cost |
85 225 |
|
|
|
58 623 |
|
|
|
| Share of losses of associates |
17 441 |
|
|
|
956 |
|
|
|
| Deferred taxation |
(12 168) |
|
|
|
(1 763) |
|
|
|
| Value retained |
207 792 |
|
27,0 |
|
109 827 |
|
24,2 |
|
| Retained profit |
180 891 |
|
|
|
63 867 |
|
|
|
| Minority shareholders’ interest |
26 901 |
|
|
|
45 960 |
|
|
|
| |
|
|
|
|
|
|
|
|
| |
770 547 |
|
100 |
|
454 770 |
|
100 |
|
|
