Value added statement

for the year ended 30 September

A measure of the value created by the group 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.

2018
Rm
% 2017      
Rm      
Restated
%
Revenue from continuing operations 63 420 61 959      
Revenue from discontinued operations 3 337 4 076      
Paid to suppliers for products and services 47 675 49 193***
Value added 19 082 16 842***
Income from investments^ 352 76       
Total value created 19 434 16 918***
Value distribution
Employees (note 1) 9 725 51 9 948       62
Capital providers: 2 137 11 2 141       13
Finance costs 1 184 1 338      
Dividends to Barloworld Limited shareholders 872 755      
Dividends to non-controlling interest in subsidiaries 81 48      
Government (note 2) 2 078 10 1 332*** 5
Communities (corporate social investment) 16 18      
Reinvested in the group to maintain and develop operations 5 478 28 3 479       20
Depreciation 2 505 2 589      
Retained profit 2 963 850      
Deferred taxation 10 40      
19 434 100 16 918*** 100
Value added ratios
Number of employees (30 September) 17 417 19 201      
Continued 17 417 18 085      
Discontinued 1 116      
Revenue per employee (Rand)# 3 646 142 3 302 823      
Value created per employee (Rand)# 1 055 537 824 326      
Corporate social investment – % of profit after taxation, excluding exceptional items 1% 1%      
Notes
1. Employees
Salaries, wages, overtime payments, commissions,
bonuses and allowances** 8 133 7 902      
Employer contributions+ 923 1 000      
Total continuing operations 9 056 8 902      
Discontinued operations 669 1 046      
Total group 9 725 9 948      
2. Central and local government
Current taxation 1 058 744      
Rates and taxes paid to local authorities 85 68      
Customs duties, import surcharges and excise taxes 879 469***
Skills development levy 56 51      
2 078 1 332***
^ 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.
*** The customs duties, import surcharges and excise taxes disclosed for 2017 have been restated to R469 million (previously disclosed 2017: R41 million). This has resulted in the total value created being restated to R16 918 million (previously disclosed R16 489 million)

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