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 |
|
|
|
|