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Sustainability Report – Economic aspects

Sharing in the value created
• Commitment to create and reflect value created for all stakeholders in a transparent and meaningful manner

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

2009

 

 2008 2007
   

Rm

%  
rm
%
rm
%  
  
  Revenue from continuing operations  

42232

 

 46830 39757
  Revenue from discontinued operations  

1121

 

 1900 10502
  Paid to suppliers for materials and services  

31553

 

 36729 34365
  Value added  

11800

 

 12001 15894
  Income from investments^  

203

 

 208 340
  Total value created  

12003

 

 12209   16234    
  Value distribution  

 

 
  Employees (note 1)  

7054

59  

 6793 56 8362 52    
  Capital providers:  

1428

12  

 1654 14 4047 25    
  Finance costs  

994

 

 980 805
  Dividends to Barloworld limited shareholders  

396

 

 614 2285
  Dividends to minority shareholders in subsidiaries  

38

 

 8 344
  unbundling of Coatings  

 

 

 52
  unbundling of Cement  

 

 

     613    
  Government (note 2)  

1093

9  

 1010 8 1667 10    
  Communities (Corporate social investment)  

8

 

 13 16
  Reinvested in the group to maintain and
  develop operations		  

2420

20  

 2739 22 2142 13    
  Depreciation  

2145

 

 2121 2157
  Retained profit  

428

 

 671 (144)
  Deferred taxation  

(153)

 

 (53)   129    
   
     

12003

100  

 12209 100 16234 100    
  Value added ratios  

 

 
  Number of employees (30 September)  

18918

 

 20 471* 21960
  Revenue per employee (rand)#  

2201274

 

 2296906 2108369
  Value created per employee (rand)#  

609476

 

 575475 681026
  Corporate social investment - % of profit after
  taxation		  

1.0

 

 0.9 0.6
  Notes:  

 

 
  1. Employees  

 

 
  Salaries, wages, overtime payments, commissions,      

 
  bonuses and allowances**  

6055

 

 5932 7114
  Employer contributions+  

999

 

 861 1248
     

7054

 

 6793   8362    
  2. Central and local government  

 

 
  Current taxation  

603

 

 830 1412
  regional Service Council levies  

 

 

 36
  rates and taxes paid to local authorities  

59

 

 60 86
  Customs duties, import surcharges and excise taxes  

418

 

 105 118
  Skills development levy  

13

 

 15 18
  Cash grants and cash subsidies granted by the
  government		           (3)
     

1093

 

 1010   1667    

^   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
*   2008 Logistics off-shore statistics
    restated to include 803 employees
    from Swift and Flynt.