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The Bidvest Group Limited
Annual report 2006
Commentary
Value added statement
Exchanges with government
Directors’ responsibility for
the financial statements
Declaration by company secretary
Report of the independent auditors
Directors’ report
Accounting policies
Consolidated income statement
Consolidated statement
of recognised income and
expenses
Consolidated cash flow statement
Consolidated balance sheet
Notes to the consolidated financial statements
Company income statement
Company cash flow statement
Company balance sheet
Notes to the Company
financial statements
Interest in subsidiaries, joint ventures and associates
 
Value added statement
 
“Value added” is the value which the Group has added to purchased materials and goods by the process of manufacture and conversion, and the sale of its products and services. This statement shows how the value so added has been distributed.

  2006   2005
  R’000   %   R’000   %
Revenue 77 276 491       62 811 776    
Net cost of raw materials, goods and services (63 481 364)       (50 924 168)    
Wealth created by trading operations 13 795 127       11 887 608    
Finance income 116 465       67 608    
Total wealth created 13 911 592   100,0   11 955 216   100,0
Distributed as follows              
Employees              
Benefits and remuneration 8 311 320   59,7   7 303 711   61,1
Government              
Current taxation 915 538   6,6   775 133   6,5
Providers of capital 1 448 198   10,4   1 168 943   9,8
Finance charges     432 606   3,1   339 039   2,8
Distributions to shareholders   1 015 592   7,3   829 904   7,0
Retained for growth 3 236 536   23,3   2 707 429   22,6
Depreciation 847 819   6,1   746 198   6,2
Profit for the year attributable to shareholders
of the Company
2 388 717   17,2   1 961 231   16,4
  13 911 592   100,0   11 955 216   100,0
 
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