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Value-added statement

for the year ended 28 February 2009

The measure of the value created by the group is the amount of value-added by its diverse manufacturing, distribution and other activities to the cost of raw materials, products and services purchased. This statement shows the total value created and how it was distributed.

	2009				2008
	Rm	%			Rm	%
Revenue from continuing operations	24 768				21 431
Paid to suppliers for material and services	(19 068)				(16 299)
Value added	5 700				5 132
Income from investments*	187				186
Total value created	5 887				5 318
Value distribution
Employees	3 533	60			3 053	57
Capital providers	937	16			584	11
Finance costs	292				89
Dividends to Altron shareholders	490				331
Dividends to minority shareholders in subsidiaries	155				164
Central and local government	614	10			688	13
Company taxation	505				591
Secondary taxation on companies	61				54
Rates and taxes; licences and levies	42				33
Skills development levy	6				10
Subsidies granted by the government	–				–
Corporate social investment (CSI)**	62	1			53	1
Reinvested in the group to maintain and develop operations	741	13			940	18
Depreciation and amortisation	438				272
Retained profit	345				688
Deferred taxation	(42)				(20)
	5 887	100			5 318	100
Value added ratios
Number of employees***	13 366				12 909
Revenue per employee (Rand)	1 853 060				1 660 160
Value created per employee (Rand)	440 446				411 961
Corporate social investment – percentage of profit after tax	5.4				4.0

*	Income from investments include interest received, dividend income and share of associates’ profits.
**	CSI includes education, training and social upliftment projects.
***	These are permanent group employees.