Consolidated value added statement
for the year ended 31 March 2009
| |
|
2009 |
|
2009 |
|
2008 |
|
2008 |
|
2007 |
|
2007 |
|
| |
|
Rm |
|
% |
|
Rm |
|
% |
|
Rm |
|
% |
|
| |
Value created |
|
|
|
|
|
|
|
|
|
|
|
|
| |
Value created by operatingactivities |
20 088.6 |
|
99.6 |
|
19 592.3 |
|
99.6 |
|
16 447.4 |
|
99.5 |
|
| |
Revenue |
55 187.1 |
|
|
|
48 177.8 |
|
|
|
41 146.4 |
|
|
|
| |
Net operating expenses |
(35 098.5) |
|
|
|
(28 585.5) |
|
|
|
(24 699.0) |
|
|
|
| |
Finance income |
89.3 |
|
0.4 |
|
72.3 |
|
0.4 |
|
74.5 |
|
0.5 |
|
| |
|
20 177.9 |
|
100.0 |
|
19 664.6 |
|
100.0 |
|
16 521.9 |
|
100.0 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Value distributed |
|
|
|
|
|
|
|
|
|
|
|
|
| |
Distributed to employees |
3 686.5 |
|
18.3 |
|
2 975.4 |
|
15.1 |
|
2 372.5 |
|
14.4 |
|
| |
Salaries, wages, medical and |
|
|
|
|
|
|
|
|
|
|
|
|
| |
other benefits |
3 535.2 |
|
|
|
2 841.1 |
|
|
|
2 275.1 |
|
|
|
| |
Pension and retirement fund |
|
|
|
|
|
|
|
|
|
|
|
|
| |
contributions |
151.3 |
|
|
|
134.3 |
|
|
|
97.4 |
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Distributed to providers of finance |
6 659.5 |
|
33.0 |
|
6 621.3 |
|
33.7 |
|
5 769.3 |
|
34.9 |
|
| |
Finance costs |
1 459.5 |
|
|
|
681.3 |
|
|
|
369.3 |
|
|
|
| |
Dividends |
5 200.0 |
|
|
|
5 940.0 |
|
|
|
5 400.0 |
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Distributed to government |
4 031.5 |
|
20.0 |
|
4 181.1 |
|
21.2 |
|
3 785.7 |
|
22.9 |
|
| |
South African normal taxation |
3 102.8 |
|
|
|
3 472.8 |
|
|
|
3 058.7 |
|
|
|
| |
Secondary taxation on |
|
|
|
|
|
|
|
|
|
|
|
|
| |
companies |
522.7 |
|
|
|
594.0 |
|
|
|
692.7 |
|
|
|
| |
Foreign taxation |
406.0 |
|
|
|
114.3 |
|
|
|
34.3 |
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Value reinvested |
4 808.5 |
|
23.8 |
|
3 869.2 |
|
19.7 |
|
3 434.4 |
|
20.8 |
|
| |
Depreciation of property, plant |
|
|
|
|
|
|
|
|
|
|
|
|
| |
and equipment |
3 948.0 |
|
|
|
3 366.0 |
|
|
|
2 901.8 |
|
|
|
| |
Amortisation of intangible |
|
|
|
|
|
|
|
|
|
|
|
|
| |
assets |
734.8 |
|
|
|
545.2 |
|
|
|
459.4 |
|
|
|
| |
Impairment of assets |
112.2 |
|
|
|
29.9 |
|
|
|
22.9 |
|
|
|
| |
Deferred taxation |
189.0 |
|
|
|
(99.5) |
|
|
|
(44.0) |
|
|
|
| |
Foreign deferred taxation |
(175.5) |
|
|
|
27.6 |
|
|
|
94.3 |
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Value retained |
991.9 |
|
4.9 |
|
2 017.6 |
|
10.3 |
|
1 160.0 |
|
7.0 |
|
| |
Retained earnings (adjusted for |
|
|
|
|
|
|
|
|
|
|
|
|
| |
dividends) |
889.3 |
|
|
|
1 871.4 |
|
|
|
942.4 |
|
|
|
| |
Minority interest |
102.6 |
|
|
|
146.2 |
|
|
|
217.6 |
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
20 177.9 |
|
100.0 |
|
19 664.6 |
|
100.0 |
|
16 521.9 |
|
100.0 |
|
| |
|
2009 |
|
2008 |
|
2007 |
|
| |
|
Rm |
|
Rm |
|
Rm |
|
| |
1. Net operating expenses |
|
|
|
|
|
|
| |
Direct network operating cost |
31 736.2 |
|
26 299.5 |
|
22 439.8 |
|
| |
Other operating income |
(254.8) |
|
(155.6) |
|
(119.8) |
|
| |
Marketing and advertising expenses |
1 523.6 |
|
1 264.3 |
|
1 146.4 |
|
| |
Other operating expenses |
1 696.0 |
|
1 362.4 |
|
1 063.6 |
|
| |
(Gains)/Losses on remeasurement and disposal |
|
|
|
|
|
|
| |
of financial instruments |
397.5 |
|
(185.1) |
|
169.0 |
|
| |
|
35 098.5 |
|
28 585.5 |
|
24 699.0 |
|
2. Analysis of value distributed
| Value distributed 2009 |
|
Value distributed 2008 |
|
Value distributed 2007 |
 |
|
 |
|
 |
|
