Basil Read  
ANNUAL REPORT 2009
Milestones in time
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Value added statement  
for the year ended 31 December 2009  
   

The value added statement measures performance in terms of value added by the group through the collective efforts of management employees and the providers of capital. The statement shows how value added has been distributed to those contributing to its creation.  

    2009  
R’000  
  %     2008  
R’000  
  %  
VALUE ADDED DURING THE YEAR                  
Total revenue     4 662 492         3 474 831      
Contract revenue     4 421 007         3 205 224      
Other revenue     241 485         269 607      
Cost of materials, subcontractors and other services     (3 270 302)         (2 370 841)      
Value added from trading operations     1 392 190     95,52     1 103 990     97,55  
Interest income     65 269     4,48     27 774     2,45  
Total value added     1 457 459     100,00     1 131 764     100,00  
DISTRIBUTIONS DURING THE YEAR                  
Management                  
Salaries, retirement and other benefits     18 154     1,25     17 074     1,51  
Employees                  
Salaries, retirement and other benefits     792 028     54,33     626 522     55,36  
Providers of capital                  
Interest on borrowings and dividends paid     102 449     7,03     84 789     7,49  
Government                  
Taxation     140 869     9,67     90 319     7,98  
Total distributions     1 053 500     72,28     818 704     72,34  
Retained for reinvestment     403 959     27,72     313 060     27,66  
Depreciation     183 197         145 038      
Income retained in the business     220 762         168 022      
Total distributions     1 457 459     100,00     1 131 764     100,00  
NOTES                  
Income retained in the business                  
Breakdown of income retained in the business is as follows:                  
Controlled income from operations     224 112         166 611      
Share of profit of associates after taxation     10         85      
Minority interests     (3 360)         1 326      
    220 762         168 022      
 
   
 
   
 
 
 
 
       
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