Search report Home►   Downloads►   Value Added Statement     ◄ Commentary Value Added Statement Segment Report Five-year Review Definitions Summary of Ratios and Statistics Analysis of Ordinary Shareholders Shareholders' Diary Responsibility for Annual Financial Statements Report of the Independent Auditors Directors’ Approval Certificate by Company Secretary Statutory Information Effects of Changing Prices Accounting Policies Income Statements Balance Sheets Cash Flow Statements Notes to the Cash Flow Statements Statement of Changes in Equity Notes to Financial Statements Annexure A Annexure B Annexure C Notice of annual general meeting - PDF 711kb Proxy form - PDF 126kb     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:         2006 Rm   %   2005 Rm   %   Turnover   16 513,9       14 639,2       Less: Net cost of products and services   11 220,6       10 093,2       Value added   5 293,3       4 546,0       Add: Income from investments and associates   196,3       493,9       Wealth created   5 489,6       5 039,9                           Applied to:                   Employees                      Salaries, wages and other benefits   2 254,1   41,1   1 938,2   38,5   Providers of capital   1 141,1   20,8   1 229,5   24,4      Interest on borrowings   274,8   5,0   553,8   11,0      Minorities and preference shareholders   9,0   0,2   9,5   0,2      Dividends to ordinary shareholders   857,3   15,6   666,2   13,2                       Government                      Taxation (see note 1)   872,2   15,9   701,2   13,9   Retained in the group (see note 2)   1 222,2   22,2   1 171,0   23,2       5 489,6   100,0   5 039,9   100,0                       Note 1                   Income taxation (excluding deferred tax)   795,0       625,1       Regional Service Council Levies   24,0       28,5       Skills Development Levy   8,2       6,5       Rates and taxes paid to local authorities   23,8       24,6       Customs duties, import surcharges and excise taxes   21,2       16,5       Gross contribution to central and local government   872,2       701,2     The payments to government exclude taxation deducted from employees’ remuneration of R258,5 million (2005: R257,2 million), net VAT of R569,3 million (2005: R372,5 million), excise duty on revenue and UIF payments.   Note 2 Retained in the group excludes intangible assets written off.     2006 % 2005 % 2004 % 2003 % 2002 % Trend of value added (Rm)                     Employees 2 254,1 41 1 938,2 39 2 301,9 42 2 064,3 41 1 805,6 38 Providers of capital 1 141,1 21 1 229,5 24 1 114,5 20 1 225,8 25 1 078,8 23 Government 872,2 16 701,2 14 707,6 13 660,8 13 582,3 12 Retained in the group 1 222,2 22 1 171,0 23 1 371,2 25 1 057,7 21 1 314,6 27   5 489,6 100 5 039,9 100 5 495,2 100 5 008,6 100 4 781,3 100       Back to top