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.
|
2022 |
2021 |
|
(R’million) |
% |
(R’million) |
% |
Revenue |
34 028,9 |
100,0 |
30 953,9 |
100,0 |
Less: Net cost of products and services |
26 895,2 |
79,0 |
23 714,6 |
76,6 |
Value added |
7 133,7 |
21,0 |
7 239,3 |
23,4 |
Add: Income from investments and associates |
514,9 |
1,5 |
366,5 |
1,2 |
Add: Foreign exchange gains |
45,7 |
0,1 |
(8,7) |
– |
Wealth created |
7 694,3 |
22,6 |
7 597,1 |
24,6 |
Applied to: |
|
|
|
|
Employees |
|
|
|
|
– Salaries, wages and other benefits |
4 287,7 |
55,7 |
3 989,2 |
52,5 |
Providers of capital |
1 506,7 |
19,6 |
1 760,1 |
23,2 |
– Interest on financing facilities |
89,1 |
1,2 |
57,0 |
0,7 |
– Dividends and capital distributions to non-controlling interests and preference shareholders |
33,4 |
0,4 |
19,5 |
0,3 |
– Dividends to ordinary shareholders |
1 384,2 |
18,0 |
1 683,6 |
22,2 |
Government |
|
|
|
|
Tax Should say (refer Note 1 below) |
1 232,1 |
16,0 |
972,2 |
12,8 |
Retained in the group |
667,8 |
8,7 |
875,6 |
11,5 |
|
7 694,3 |
100,0 |
7 597,1 |
100,0 |
(R’million) |
2022 |
2021 |
Note 1 |
|
|
Income taxation (excluding deferred tax) |
968,4 |
765,2 |
Skills Development Levy |
31,3 |
30,0 |
Rates and taxes paid to local authorities |
65,4 |
40,2 |
Customs duties, import surcharges and excise taxes |
167,0 |
136,8 |
Gross contribution to government |
1 232,1 |
972,2 |
The payments to government exclude taxation deducted from employees' remuneration of R662,2 million (2021: R754,2 million), net
VAT receivable of R233,3 million (2021 receivable: R152,2 million), excise duty on revenue and UIF payments.
(R’million) |
2022 |
% |
2021 |
% |
2020 |
% |
2019 |
% |
2018 |
% |
Trend of value added |
|
|
|
|
|
|
|
|
|
|
Employees |
4 287,7 |
56 |
3 989,2 |
52 |
4 117,6 |
51 |
4 043,0 |
48 |
3 857,5 |
45 |
Providers of capital |
1 506,7 |
19 |
1 760,1 |
23 |
900,6 |
11 |
5 681,7 |
67 |
1 932,7 |
23 |
Government |
1 232,1 |
16 |
972,2 |
13 |
1 073,7 |
13 |
1 157,7 |
14 |
1 033,9 |
12 |
Retained in the group |
667,8 |
9 |
875,6 |
12 |
1 980,7 |
25 |
(2 426,1) |
(29) |
1 821,2 |
20 |
|
7 694,3 |
100 |
7 597,1 |
100 |
8 072,6 |
100 |
8 456,3 |
100 |
8 645,3 |
100 |