Value-added statement
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.
|
2024 |
2023 |
|
(R’million) |
% |
(R’million) |
% |
Revenue |
37 662,2 |
100,0 |
37 388,5 |
100,0 |
Less: Net cost of products and services |
30 314,6 |
80,5 |
30 483,5 |
81,5 |
Value added |
7 347,6 |
19,5 |
6 905,0 |
18,5 |
Add: Income from investments and associates |
766,3 |
2,0 |
744,5 |
2,0 |
Add: Foreign exchange losses |
(51,1) |
(0,1) |
(33,6) |
(0,1) |
Wealth created |
8 062,8 |
21,4 |
7 615,9 |
20,4 |
Applied to: |
|
|
|
|
Employees |
|
|
|
|
Salaries, wages and other benefits |
4 796,1 |
59,4 |
4 450,3 |
58,5 |
Providers of capital |
1 940,4 |
24,1 |
1 655,6 |
21,7 |
Interest on financing facilities |
299,3 |
3,7 |
238,0 |
3,1 |
Dividends and capital distributions to non-controlling interests and preference shareholders |
3,2 |
– |
33,4 |
0,4 |
Dividends to ordinary shareholders |
1 637,9 |
20,3 |
1 384,2 |
18,2 |
Government |
|
|
|
|
Taxation (refer note 1) |
957,8 |
11,9 |
1 097,8 |
14,4 |
Retained in the group |
368,5 |
4,6 |
412,2 |
5,4 |
|
8 062,8 |
100,0 |
7 615,9 |
100,0 |
(R’million) |
2024 |
2023 |
Note 1 |
|
|
Income taxation (excluding deferred tax) |
738,1 |
770,8 |
Skills development levy |
33,0 |
33,8 |
Rates and taxes paid to local authorities |
59,0 |
61,3 |
Customs duties, import surcharges and excise taxes |
127,7 |
231,9 |
Gross contribution to government |
957,8 |
1 097,8 |
The payments to government exclude taxation deducted from employees’ remuneration of R723,1 million (2023:
R744,5 million), net VAT receivable of R212,1 million (2023 receivable: R656,7 million), excise duty on revenue and UIF
payments.
|
|
|
|
|
|
|
|
|
|
|
(R’million) |
2024 |
% |
2023 |
% |
2022 |
% |
2021 |
% |
2020 |
% |
Trend of value added |
|
|
|
|
|
|
|
|
|
|
Employees |
4 796,1 |
59 |
4 450,3 |
59 |
4 287,7 |
56 |
3 989,2 |
52 |
4 117,6 |
51 |
Providers of capital |
1 940,4 |
24 |
1 655,6 |
22 |
1 506,7 |
19 |
1 760,1 |
23 |
900,6 |
11 |
Government |
957,8 |
12 |
1 097,8 |
14 |
1 232,1 |
16 |
972,2 |
13 |
1 073,7 |
13 |
Retained in the group |
368,5 |
5 |
412,2 |
5 |
667,8 |
9 |
875,6 |
12 |
1 980,7 |
25 |
|
8 062,8 |
100 |
7 615,9 |
100 |
7 694,3 |
100 |
7 597,1 |
100 |
8 072,6 |
100 |