INTEGRATED ANNUAL REPORT 2011 GRI RESPONSES  

Value created and distributed

The group is committed to creating value for all its stakeholders and recognises that sustainability is based on balancing their interests. The group’s direct economic value creation for its stakeholders is reflected in its statement of total value added which shows the total value created and how it was distributed. Indirect value flows from the benefits of the group’s business operations, the core benefits being the consequences of employment, and support for local suppliers.

Statement of total value added
for the year ended 30 September

  2011
Rm
% 2010*
Rm
% 2009*
Rm
%
Revenue from continuing operations 49 823   40 830   45 269  
Revenue from discontinued operations     1 219   1 451  
Paid to suppliers for products and services 39 086   32 149   34 768  
Value added 10 737   9 900   11 952  
Income from investments^ 133   104   203  
Total value created 10 870   10 004   12 155  
Value distribution            
Employees (note 1) 6 786 62 6 351 63 7 054 58
Capital providers: 1 012 9 1 056 11 1 580 13
Finance costs 755   833   1 146  
Dividends to Barloworld Limited shareholders 223   189   396  
Dividends to non-controlling interest in subsidiaries 34   34   38  
Government (note 2) 642 6 856 9 1 093 9
Communities (Corporate social investment) 16   11   8  
Reinvested in the group to maintain and develop operations 2 414 23 1 730 17 2 420 20
Depreciation 1 620   1 926   2 145  
Retained profit 679   (175)   428  
Deferred taxation 115   (21)   (153)  
             
  10 870 100 10 004 100 12 155 100
Value added ratios            
Number of employees (30 September) 18 671   18 167   18 918  
Revenue per employee (Rand)# 2 704 979   2 267 709   2 372 236  
Value created per employee (Rand)# 590 163   539 517   617 193  
Corporate social investment – % of profit after taxation,            
excluding exceptional items 1.6   2.1   1.0  
Notes:            
1. Employees            
Salaries, wages, overtime payments, commissions, bonuses and            
allowances** 5 864   5 459   6 055  
Employer contributions+ 922   892   999  
  6 786   6 351   7 054  
2. Central and local government            
Current taxation 389   200   603  
Rates and taxes paid to local authorities 66   68   59  
Customs duties, import surcharges and excise taxes 163   566   418  
Skills development levy 24   22   13  
  642   856   1 093  

^ Includes interest received, dividend income and share of associate companies and retained profit from ‘joint ventures’.
# 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.
* Reclassification of interest paid in the leasing business from cost of sales to finance costs.

VALUE DISTRIBUTION
(%)
VALUE DISTRIBUTION
*** See statement of total value added for value distributed.