Reunert Annual Report 2004: Value added statement
   
  VALUE ADDED STATEMENT
     
 
 
% change 
 
2004 
 
2004 
2003
over 
 
Rm 
% 
Rm
%
2003 
Revenue
6 247,3 
6 103,9
2 
Paid to suppliers for materials and services
4 277,3 
  
4 469,2
     
(4)
Value added
1 970,0 
1 634,7
   
21 
Income from investments and associates
142,0 
  
12,7
1 018 
TOTAL WEALTH CREATED
2 112,0 
100 
1 647,4
100
28 
DISTRIBUTED AS FOLLOWS:
  
  
   
EMPLOYEES
Remuneration and service benefits
660,9 
590,7
Add: PAYE collected on behalf of
       government
110,1 
   
108,1
      
  
Gross remuneration and service benefits
771,0 
37 
698,8
42
10 
PROVIDERS OF CAPITAL
  
  
  
Dividends to Reunert shareholders
243,5 
12 
226,2
14
8 
Dividends to outside shareholders          
   in subsidiaries
24,6 
1 
32,2
2
(24)
Interest paid on borrowings
10,1 
– 
50,1
3
(80)
    
278,2 
13 
308,5
19
(10)
PAYMENTS TO GOVERNMENT
Taxation on profits
309,0 
224,4
RSC levies
11,6 
11,1
VAT, customs duties and other taxes
423,0 
  
258,7
   
   
    
743,6 
35 
494,2
30
50 
RETAINED IN THE GROUP TO DEVELOP
FUTURE GROWTH
Depreciation
57,9 
3 
58,4
4
(1)
Accumulated profit*
261,3 
12 
87,5
5
199 
   
319,2 
15 
145,9
9
119 
TOTAL WEALTH DISTRIBUTED
2 112,0 
100 
1 647,4
100
28 
  
     
 
* The funds returned to shareholders in the current year by way of the compulsory share buy-back scheme of R476,6 million have been excluded as this is considered to be an unusual event, returning wealth created in earlier periods.