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◄ Commentary
Value added statement
Exchanges with government
Directors’ responsibility for the  financial statements
Declaration by company secretary
Independent auditors’ report
Directors’ report
Accounting policies
Consolidated income statement
Consolidated statement of
 recognised income and expenses
Consolidated cash flow statement
Consolidated balance sheet
Notes to the consolidated
 financial statements
Company income statement
Company cash flow statement
Company balance sheet
Notes to the Company
 financial statements
Interest in subsidiaries, joint
 ventures and associates
 
Value added statement  
 
“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.
  2007   2006
  R’000     R’000   %
Revenue 95 655 509       77 276 491    
Net cost of raw materials, goods and services (78 796 629)       (63 330 096)    
Wealth created by trading operations 16 858 880       13 946 395    
Finance income 161 919       116 466    
Total wealth created 17 020 799   100,0    14 062 861   100,0
Distributed as follows              
Employees              
Benefits and remuneration 9 967 448   58,6    8 311 320   59,1
Government              
Current taxation 1 011 364   5,9    915 538   6,5
Providers of capital 1 909 099   11,2    1 448 199   10,3
Finance charges 675 680   4,0    432 607   3,1
Distributions to shareholders 1 233 419   7,2    1 015 592   7,2
Retained for growth 4 132 888   24,3    3 387 804   24,1
Depreciation and amortisation 1 188 788   7,0    984 913   7,0
Impairments 244 046   1,4    14 174   0,1
Profit for the year attributable to shareholders of
    the Company
2 700 054   15,9    2 388 717   17,0
  17 020 799   100,0    14 062 861   100,0
     
Employees
Government
Providers of capital
Retained for growth
     
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