SUBMENU
Altron Annual Report 2005
 
VALUE-ADDED STATEMENT
 
 
  Value added is the measure of wealth the group has created in its operations by “adding value” to the cost of raw materials, products and services purchased. The statement below summarises the total wealth created and shows how it was shared by employees and other parties who contributed to its creation. Also set out below is the amount retained and re-invested in the group for the replacement of assets and the further development of operations.
   
 
   
2005 
  
 
  
2004 
   
R million  
R million 
 
% 
 
R million 
%
Revenue  
12 206 
 
 
 
10 045 
 
Suppliers of material and services  
(8 864)
 
 
 
(7 514)
 
Investment income  
3 342 
 
 
 
2 531 
 
Capital items  
124 
 
 
 
154 
 
   
114 
 
 
 
(5)
 
Total value added  
3 580 
 
 
 
2 680 
 
   
 
 
 
 

 
Applied as follows:  
 
 
 
 
 
 
   
 
 
 
 
 
 
To remunerate employees  
 
 
 
 
 
 
Salaries, wages, pensions and other benefits  
 
 
 
 
 
 
   
 
 
 
 
 
 
To reward providers of capital  
286 
 
8 
 
224 
8
Interest on loans  
62 
 
 
 
26 
 
Dividend to ordinary shareholders  
143 
 
 
 
117 
 
Dividends to outside shareholders  
81 
 
 
 
81 
 
To the state  
340 
 
9 
 
255 
10
Company taxation  
312 
 
 
 
232 
 
Secondary taxation on companies  
28 
 
 
 
23 
 
To maintain operations  
 
 
 
 
 
 
Depreciation and amortisation  
491 
 
14 
 
263 
10
To expand the group  
280 
 
8 
 
254 
9
Net earnings retained – shareholders
 
257 
 
 
 
187 
 
  – outside shareholders
 
23 
 
 
 
67 
 
   
3 580 
 
100
 
2 680
100