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.

	2017 R'000	%	2016 R'000	%
Revenue	70 998 001		68 241 101
Net cost of raw materials, goods and services	(46 902 830)		(43 827 997)
Wealth created by trading operations	24 095 171		24 413 104
Impairments	1 052 884		(1 048 719)
Finance income	575 607		426 462
Dividend income	145 302		180 437
Total wealth created	25 868 964	100,0	23 971 284	100,0
*Distributed as follows*
Employees
Benefits and remuneration	14 967 797	57,9	14 342 072	59,8
Governments
Taxation	1 328 232	5,1	1 215 488	5,1
Providers of capital	3 161 427	12,2	4 540 934	19,0
Finance charges	1 502 458	5,8	1 263 188	5,3
Distributions to shareholders	1 658 969	6,4	3 277 746	13,7
Retained for growth	6 411 508	24,8	3 872 790	16,1
Depreciation and amortisation	1 641 568	6,4	1 586 940	6,6
Profit for the year attributable to shareholders of the Company	4 769 940	18,4	2 285 850	9,5

	25 868 964	100,0	23 971 284	100,0

Exchanges with governments

including amounts collected on their behalf

	South African		Foreign
	2017 R’000	2016 R’000	2017 R’000	2016 R’000
Employee taxes	1 891 256	1 869 038	229 507	255 674
Company taxes	1 249 134	1 128 584	79 098	86 904
Value added tax and sales tax	6 719 105	7 092 993	74 634	75 167
Customs and excise duty	16 081 255	17 072 822	66 070	745 140
Other	174 705	156 803	24 348	56 081
	26 115 455	27 320 240	473 657	1 218 966