Value added statement

“Value added” is the value which the Group has added to purchased materials and goods by process of manufacture and conversion, and the sale of its products and services. This statement shows how the value so added has been distributed.

	2016			2015

		R'000	%	R’000 Re-presented	%

Turnover		91 755 042		88 628 961
Net cost of raw materials, goods and services		(68 390 658)		(65 425 667)
Wealth created by trading operations		23 364 384		23 203 294
Impairments		1 048 719		392 764
Finance income		426 462		298 111
Dividend income		180 437		127 429
Total wealth created		23 971 283	100,0	23 628 835	100,0
Distributed as follows
Employees
Benefits and remuneration		14 342 072	59,8	14 730 063	62,3
Governments
Taxation		1 215 487	5,1	1 339 837	5,7
Providers of capital		4 540 934	18,9	2 918 696	12,4
Finance charges		1 263 188	5,3	978 300	4,2
Distributions to shareholders¹		3 277 746	13,7	1 940 396	8,2
Retained for growth		3 872 790	16,2	4 640 237	19,6
Depreciation and amortisation		1 586 940	6,6	1 474 441	6,2
Profit for the year attributable to shareholders of the Company from continuing operations		2 285 850	9,5	3 165 796	13,4

		23 971 283	100,0	23 628 833	100,0

¹ A capitalisation issue was awarded to shareholders in respect of the final dividend of the 2014 financial year. This award was made in September 2014 and reduced the cash payments to shareholders in the 2015 financial year.

Exchanges with governments

	South African			Foreign

*Including amounts collected on their behalf*		2016 R’000	2015 R’000 Re-present	2016 R’000	2015 R’000 Re-presented

Continuing operations
Employee taxes		1 869 038	1 748 758	255 674	231 321
Company taxes		1 128 584	1 177 952	86 904	161 885
Value added tax and sales tax		7 092 993	7 123 625	75 167	55 800
Customs and excise duty		17 072 822	16 084 207	745 140	791 193
Other		156 803	127 518	56 081	59 101
		27 320 240	26 262 060	1 218 966	1 299 300