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Value added statement
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for the year ended 30 September 2007
 
   
 
A measure of the wealth created by the group is the amount of value added to the cost of raw materials, products and services purchased. This statement shows the total wealth created and how it was distributed.
             
  Notes   2007 
Rm 		 2006 
Rm 		 2005 
Rm 		  
Revenue     5 566  4 686  3 974   
Paid to suppliers for materials and services 1   (2 593) (2 178) (1 823)  
Value added     2 973  2 508  2 151   
Exceptional items     14  –  13   
Income from investments^     89  67  85   
Total wealth created     3 076  2 575  2 249   
Wealth distribution:            
Salaries, wages and other benefits 2   597  459  477   
Providers of capital     1 296  1 111  1 333   
Finance costs     84  52  64   
Dividends     1 212  1 059  1 269   
Ordinary dividends     798  629  516   
Special dividend     414  430  753   
Government 3   777  676  604   
Reinvested in the group to maintain and develop operations     406  329  (165)  
Depreciation     192  165  155   
Retained profit     217  155  (315)  
Deferred taxation     (3) 9  (5)  
      3 076  2 575  2 249   
Value added ratios            
Number of employees (30 September)     3 097  3 025  3 010   
Revenue per employee (R’000) #     2 222  1 955  1 681   
Wealth created per employee (R’000) #     1 228  1 074  951   
             
NOTES            
1. Paid to suppliers for materials and services            
Spoornet is the only supplier of services exceeding 10% of total amount paid.            
All contracts are paid in accordance with agreed terms.            
2. Salaries, wages and other benefits            
Salaries, wages, overtime payments, commissions, bonuses and allowances     525  394  405   
Employer contributions ~     72  65  72   
      597  459  477   
3. Government            
Central and local government:            
Taxation – SA normal, CGT, STC and foreign     768  662  588   
Regional services council levies     –  6  7   
Rates and taxes paid to local authorities     3  3  3   
Customs duties, import surcharges and excise taxes     2  3  1   
Skills development levy     4  4  5   
Cash grants and cash subsidies granted by the government     –  (2) –   
Gross contribution to central and local government     777  676  604   
^ Includes interest received, dividend income and share of associate’s retained profit
# Excludes employees of Porthold (2007, 2006 and 2005) and employees of Afripack (2007 and 2006)
~ In respect of pension funds, retirement annuities, provident funds, medical aid and insurance
 
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