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Distribution of value added

Value added is the difference between revenue received from sales and the cost of raw materials, goods and services purchased outside the Group. It represents the basic surplus of income over expenditure generated by the Group and its employees through manufacturing and selling products and services.

    2008       2007      
    R millions   %   R millions   %  
  Revenue 14 340   100   11 328   100  
  Purchased materials and services 11 334   79   8 765   77  
  Value added through operations 3 006   21   2 563   23  
  Other income 27   –   47   –  
  Total value added 3 033   21   2 610   23  
  Distributed to:                
  Employees 1 804   60   1 640   63  
  Lenders 236   8   165   6  
  Shareholders 250   8   237   9  
  Direct taxes 226   7   196   8  
  Reinvested in the Group 517   17   372   14  
    3 033   100   2 610   100  
                   
  MONETARY EXCHANGES WITH THE STATE                
  The following monetary exchanges with the state took place during the year:                
                   
  Direct taxes 226       196      
  Employees’ tax collected on behalf of the state 356       293      
  Property taxes paid to local authorities 28       32      
  Skills development levies paid to the SA Revenue Service 16       10      
  VAT collected on behalf of the state 16       43      
  Channelled through the Group 642       574      

 

 
2008 (%)   2007 (%)

 
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