Value-added statement

		2024  R'000	2024  %		2023  R'000	2023  %	2022  R'000	2022  %	2021  R'000	2021  %
VALUE ADDED
Value added by operating activities		2 191 766	70.8		2 208 065	71.5	2 433 050	96.8	2 036 799	97.2
Revenue		14 598 444			18 918 263		17 806 262		18 864 344
Net operating expenses		(12 406 678)			(16 710 198)		(15 373 212)		(16 827 545)
Value added by investing activities		901 884	29.2		411 540	13.3	80 993	3.2	59 719	2.8
Interest income		901 884			411 540		80 993		59 719
		3 093 650	100		2 619 605	85	2 514 043	100	2 096 518	100
VALUE DISTRIBUTED
Distributed to employees		961 883	31.1		945 501	30.5	780 255	31.0	637 387	30.4
Salaries, wages, medical and other benefits		961 883			945 501		780 255		637 387
Distributed to providers of finance		1 121 356	36.2		682 599	22.1	201 225	8.0	131 949	6.3
Finance costs		1 121 356			682 599		201 225		131 949
Distributed to the state		136 033	4.4		257 276	8.3	226 591	9.0	200 013	9.5
Income tax*		136 033			257 276		226 591		200 013
Distributed to social responsibility		11 621	0.4		14 914	0.5	17 548	0.7	12 052	0.6
Socio-economic development		11 621			14 914		17 548		12 052
Value reinvested		203 172	6.6		431 142	14.0	196 427	7.8	237 101	11.3
Depreciation, amortisation and impairment		156 666			121 164		110 798		181 113
Reversal of impairment of investment in associate		—			(962 531)		—		—
Share of (profits)/losses of associates and joint ventures		(15 416)			1 329 747		(8 042)		(2 951)
Deferred taxation		61 922			(57 238)		93 671		58 939
Value retained		659 585	21.3		288 173	9.3	1 091 997	43.4	878 016	41.9
Retained profit		647 386			268 966		1 027 079		830 607
Minority shareholders' interest		12 199			19 207		64 918		47 409
		3 093 650	100		2 619 605	85	2 514 043	100	2 096 518	100

^* Income tax relates to corporate taxes in terms of The Income Tax Act.