Value added statement

for the year ended 31 March 2018

A measure of the wealth created by the group is the amount of value added to the cost of raw materials, products and services purchased. This statement shows the total wealth created and how it was distributed.

  Notes     2018
Rm
2017
Rm
 
Revenue             10 271  9 641    
Paid to suppliers for materials and services  1        (6 722) (5 838)   
Value added           3 549  3 803    
Empowerment transactions IFRS 2 charges           (48) (206)   
Exceptional items and impairments           (174) (10)   
Income from investments(a)           52  27    
Total wealth created           3 379  3 614    
Wealth distribution:                   
Salaries, wages and other benefits  2        1 656  1 663    
Providers of capital           532  873    
Finance costs (net of fair-value adjustments on financial instruments)          532  865    
Dividends           —    
Governments  3        405  381    
Reinvested in the group to maintain and develop operations           786  697    
Depreciation and amortisation           876  832    
Retained profit           37  19    
Deferred taxation           (127) (154)   
            3 379  3 614    
Value added ratios                   
Number of employees           3 538  3 580    
Revenue per employee (R000)          2 903  2 693    
Wealth created per employee (R000)          955  1 009    
NOTES                   
1  Paid to suppliers for materials and services                   
   Barloworld Logistics is the only supplier of services exceeding 10% of total amounts paid                   
2  Salaries, wages and other benefits                   
   Salaries, wages, overtime payments, commissions, bonuses and allowances(b)           1 459  1 475    
   Employer contributions (retirement funding, medical and insurance)          198  188    
               1 656  1 663    
3  Governments                   
   Normal taxation           332  284    
   Withholding taxation             23    
   Rates and taxes paid to local authorities           44  35    
   Customs duties, import surcharges and excise taxes           22  31    
   Skills development levy           9  10    
   Cash grants and subsidies received from the government           (2) (2)   
               405  381    
(a) Includes interest received, dividend income.
(b) Includes restructuring costs of R22 million (2017: R9 million).

How we add value

How we add value
Total wealth created