Barloworld Limited: Leading Brands

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)

GRI

201-1