The Bidvest Group Limited ANNUAL INTEGRATED REPORT 2012
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Value added statement


“Value added” is the value which the Group has added to purchased materials and goods by process of manufacture and conversion, and the sale of its products and services. This statement shows how the value so added has been distributed.  
  2012     2011  
  R’000     %     R’000     %  
Revenue   133 533 633         118 482 736      
Net cost of raw materials, goods and services   (107 801 463)        (95 731 788)     
Wealth created by trading operations   25 732 170         22 750 948      
Finance income   147 034         162 425      
Profit on partial disposal of investment in Mumbai International Airport Private Limited   399 100         –      
Dividend income    71 482         49 977      
Total wealth created   26 349 786     100,0     22 963 350     100,0  
Distributed as follows                
Employees                
Benefits and remuneration   14 999 794     56,9     13 307 998     58,0  
Governments                
Current taxation   1 695 458     6,4     1 528 169     6,6  
Providers of capital   2 952 797     11,2     2 337 387     10,2  
Finance charges   890 029     3,4     777 650     3,4  
Dividends to shareholders   2 062 768     7,8     1 559 737     6,8  
Retained for growth   6 701 737     25,5     5 789 796     25,2  
Depreciation and amortisation   2 001 864     7,6     1 811 698     7,9  
Impairments   256 971     1,0     439 350     1,9  
Profit for the year attributable to shareholders of the Company   4 442 902     16,9     3 538 748     15,4  
  26 349 786     100,0     22 963 350     100,0