Statement of total value added

Statement of total value added

for the year ended 30 September

A measure of the value created by the group is the amount of value added by its diverse trading, distribution and other activities to the cost of products and services purchased. This statement shows the total value created and how it was distributed.

      2015
Rm
%   2014
Rm
    %     2013
Rm
    %
Revenue from continuing operations     62 720     62 101           59 498      
Revenue from discontinued operation           2 783           5 508      
Paid to suppliers for materials and services     47 554     49 389           51 019      
Value added     15 166     15 494           13 987      
Income from investments^     382     297           263      
Total value created     15 548     15 791           14 250      
Value distribution                              
Employees (note 1)     8 955 58   9 103     58     8 605     60
Capital providers:     2 259 15   1 856     12     1 630     12
Finance costs     1 252     1 125           1 022      
Dividends to Barloworld Limited shareholders     699     639           522      
Dividends to non-controlling interest in subsidiaries     109     92           86      
Strategic black partners and community groups     199                        
Government (note 2)     948 6   1 103     7     952     7
Communities (corporate social investment)     17     17           17      
Reinvested in the group to maintain and develop operations     3 369 21   3 712     23     3 047     21
Depreciation     2 355     2 208           1 960      
Retained profit     1 142     1 556           1 080      
Deferred taxation     (128)     (52)           7      
      15 548 100   15 791     100     14 250     100
Value added ratios                              
Number of employees (30 September)     19 745     19 616           19 692      
Revenue per employee (rand)#     3 186 911     3 301 297           3 339 631      
Value created per employee (rand)#     790 010     803 474           732 083      
Corporate social investment – % of profit after taxation     1     1           1      
Notes:                              
1. Employees                              
Salaries, wages, overtime payments, commissions,                              
bonuses and allowances**     7 780     7 673           7 068      
Employer contributions+     1 175     1 204           1 071      
Total continuing operations     8 955     8 877           8 140      
Discontinued operation           226           465      
Total group     8 955     9 103           8 605      
2. Central and local government                              
Current taxation     770     947           821      
Rates and taxes paid to local authorities     63     59           54      
Customs duties, import surcharges and excise taxes     69     49           38      
Skills development levy     46     48           39      
      948     1 103           952      
^ Includes interest received, dividend income and share of associate companies’ and joint ventures’ retained profit.
# Based on average number of employees.
** Represents the gross amounts paid to employees including taxes payable by the employees.
+ In respect of pension funds, retirement annuities, provident funds, medical aid and insurance.

EC1 to EC9