Group cash value added statement
for the period ended 31 December 2006 (Unaudited)
The value added statement shows the wealth the group has created through mining, beneficiation, trading and investing operations. The statement below summarises the total cash wealth created and how it was disbursed among the group’s stakeholders, leaving a retained amount which was re-invested in the group for the replacement of assets and further development of operations.
31 Dec |
Wealth |
31 Dec |
Wealth |
||
2006 |
created |
2005 |
created |
||
Rm |
% |
Rm |
% |
||
Cash generated |
|||||
| Cash derived from sales and services | 14 149 | 11 180 | |||
| Paid to suppliers for materials and | |||||
| services | (6 912) | (5 005) | |||
Cash value added |
7 237 | 100 | 6 175 | 100 | |
Cash utilised to: |
|||||
| Remunerate employees for services | 2 362 | 33 | 2 110 | 34 | |
| Pay direct taxes to the state | 1 927 | 27 | 821 | 13 | |
| Provide lenders with a return on | |||||
| borrowings | 392 | 5 | 390 | 6 | |
| Provide shareholders with cash | |||||
| dividends | 3 396 | 47 | 1 447 | 24 | |
Cash disbursed among stakeholders |
8 077 | 112 | 4 768 | 77 | |
Cash (disbursed)/retained in the group |
|||||
to maintain and develop operations |
(840) | (12) | 1 407 | 23 | |
Notes to the group value added |
|||||
statement |
|||||
| 1. | Taxation contribution | ||||
| Direct taxes (as above) | 1 927 | 821 | |||
| Value added taxes levied on | |||||
| purchases of goods and services | 1 445 | 963 | |||
| Regional service council levies | 10 | 23 | |||
| Rates and taxes paid to local | |||||
| authorities | 51 | 19 | |||
Gross contributions |
3 433 | 1 826 | |||
| 2. | Additional amounts collected by | ||||
| the group on behalf of government | |||||
| Value added tax and other duties | |||||
| charged on turnover | 1 032 | 852 | |||
| Employees’ tax deducted from | |||||
| remuneration paid | 759 | 439 | |||
| 1 791 | 1 291 | ||||
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