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Annual report 2008
 
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Value added statement

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for the year ended 31 December 2008
 
Group
2008 2007
R000 % R000 %
Revenue 33 736 910 17 946 727
Net cost of services (29 489 995)   (15 017 072)  
Value added by operations 4 246 915 2 929 655
Non-trading items (163 567)   3 508  
Total value added 4 083 348   2 933 163  
Applied as follows:
Employees’ remuneration and service benefits 1 054 028 25,8 826 557 28,2
Taxation on income 263 238 6,4 86 046 2,9
Providers of share capital 599 406 14,7 403 274 13,7
Providers of loan capital 314 071 7,7 239 849 8,2
Reinvested in the business
Depreciation 203 229 5,0 182 623 6,2
Retained income 1 649 376 40,4 1 194 814 40,8
 
This statement represents the wealth created by adding value to the group’s cost of services and shows how this wealth has been distributed. 
 
MONETARY EXCHANGES WITH GOVERNMENTS


Description of monetary exchanges		 2008
Paid/(received)
R000		 2007
Paid/(received)
R000
Direct taxes 276 243 77 547
South African normal tax 192 393 57 285
Foreign tax 21 086 10 144
Secondary tax on companies 62 764 10 118
Employees tax 108 197 135 246
PAYE 99 394 127 196
UIF 2 708 3 761
Other    
– Skills Development Levy (SDL) 4 852 3 159
– National insurance 1 243 1 130
Indirect taxes 751 206 1 943 497
Net VAT received (60 315) (44)
Customs and excise duties 798 030 1 929 443
RSC levies 123 (489)
Municipal rates or property taxes 2 223 2 918
Other 11 145 11 669
     
Net monetary exchanges with governments 1 135 646 2 156 290