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.
| |
.......................2007 |
.......................2006 |
| |
R millions |
% |
R millions |
% |
| Revenue |
11 328 |
100 |
10 212 |
100 |
| Purchased materials and services |
8 765 |
77 |
7 349 |
72 |
| Value added through operations |
2 563 |
23 |
2 863 |
28 |
| Other income |
47 |
— |
54 |
— |
| Total value added |
2 610 |
23 |
2 917 |
28 |
| Distributed to: |
|
|
|
|
| Employees |
1 640 |
63 |
1 538 |
53 |
| Lenders |
165 |
6 |
150 |
5 |
| Shareholders |
237 |
9 |
206 |
7 |
| Direct taxes |
196 |
8 |
369 |
13 |
| Reinvested in the Group |
372 |
14 |
654 |
22 |
| |
2 610 |
100 |
2 917 |
100 |
| |
|
|
|
|
| Monetary exchanges with the state |
|
|
|
|
| The following monetary exchanges with the state took place during the year: |
| |
|
|
2007 |
2006 |
| |
|
|
R millions |
R millions |
| Direct taxes |
|
|
196 |
369 |
| Employees’ tax collected on behalf of the state |
|
|
293 |
247 |
| Property taxes paid to local authorities |
|
|
32 |
24 |
| RSC levies paid to local authorities |
|
|
— |
8 |
| Skills development levies paid to SA Revenue Service |
|
|
10 |
8 |
| VAT collected on behalf of the state |
|
|
43 |
132 |
| Channelled through the Group |
|
|
574 |
788 |
|
