Bidvest

Value added statement

for the year ended June 30

"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.

	2020   R'000		Change			2019   R'000	Change
Revenue	76 542 581					76 058 362
Net cost of raw materials, goods and services	(44 769 880)					(45 178 888)
Wealth created by trading operations	31 772 701					30 879 474
Impairments	(1 955 261)					(689 609)
Finance income	669 296					746 127
Dividend income	163 076					227 282
Total wealth created	30 649 812		100.0			31 163 274	100.0
Distributed as follows
Employees
Benefits and remuneration	22 510 592		73.4			20 897 809	67.0
Governments
Taxation	851 589		2.8			1 431 779	4.6
Providers of capital	4 170 954		13.6			3 496 218	11.2
Finance charges	1 903 390		6.2			1 476 941	4.7
Distributions to shareholders	2 267 564		7.4			2 019 277	6.5
Retained for growth	3 116 677		10.2			5 337 468	17.2
Depreciation and amortisation	2 947 696		9.6			1 513 700	4.9
Profit for the year attributable to shareholders of the
Company from continuing operations	168 981		0.6			3 823 768	12.3
	30 649 812		100.0			31 163 274	100.0

 

	South African					Foreign
	2020   R'000		2019    R’000			2019    R'000	2019    R’000
Continuing operations
Employee taxes	2 330 239		2 107 602			1 426 488	1 432 050
Company taxes	770 611		1 367 392			80 978	64 387
Value added tax and sales tax	8 610 430		7 052 592			1 145 891	1 269 000
Customs and excise duty	17 806 300		17 766 042			92 455	99 522
Other	207 097		148 845			29 339	30 969
	29 724 677		28 442 473			2 775 151	2 895 928