Value added statement

for the year ended 31 March 2017

A measure of the wealth created by the group is the amount of value added to the cost of raw materials, products and services purchased. This statement shows the total wealth created and how it was distributed.

  Notes   Twelve
months
ended
31 March
2017
Rm
  Six
months
ended
31 March
2016
Rm
 
Revenue     9 641    4 501   
Paid to suppliers for materials and services 1   (5 838)   (2 568)  
Value added     3 803    1 933   
Empowerment transactions IFRS 2 charges     (206)   (18)  
Exceptional items and impairments     (10)   112   
Income from investments(a)     27    12   
Total wealth created     3 614    2 039   
Wealth distribution:            
Salaries, wages and other benefits 2   1 663    770   
Providers of capital     873    535   
Finance costs (net of fair value adjustments on financial instruments)     865    350   
Dividends     8    185   
Governments 3   381    114   
Reinvested in the group to maintain and develop operations     695    620   
Depreciation and amortisation     832    393   
Retained profit     19    166   
Deferred taxation     (154)   61   
      3 614     2 039   
Value added ratios            
Number of employees     3 580    3 304   
Revenue per employee (R000)     2 693    1 362   
Wealth created per employee (R000)     1 009    617   
NOTES            
1. Paid to suppliers for materials and services            
     Barloworld Logistics is the only supplier of services exceeding 10% of total amounts paid.            
2. Paid to suppliers for materials and services            
     Salaries, wages, overtime payments, commissions, bonuses and allowances(b)     1 475    677   
     Employer contributions (retirement funding, medical and insurance)     188    93   
      1 663    770   
3. Governments            
     Normal taxation     284    74   
     Withholding taxation     23    21   
     Rates and taxes paid to local authorities     35    7   
     Customs duties, import surcharges and excise taxes     31    9   
     Skills development levy     10    5   
     Cash grants and subsidies received from the government     (2)   (2)  
      381    114   
(a) Includes interest received, dividend income and share of associate’s retained profit.
(b) Includes restructuring costs of R9 million (2016: R13 million), and share incentive schemes charges of Rnil (2016: R1 million).