Annual Report - JD Group

Group value added statement
13
2004 2003
Rm % Rm* %
Revenue 9 056 5 966
Investment income 24 15
Interest received 62 49
9 142 6 030
Cost of merchandise, services and expenses (6 370) (4 195)
Value added 2 772 100,0 1 835 100,0
Distributed as follows:
Employees
Salaries, commissions and other benefits
Government
Taxation, assessment rates and
1 296 46,8 933 50,8
regional services council levies 179 6,5 47 2,6
Providers of capital 622 22,4 363 19,8
Distribution to shareholders 415 15,0 160 8,7
Finance costs 207 7,4 203 11,1
Reinvestment in the Group 675 24,3 492 26,8
To provide for depreciation 94 3,4 67 3,7
To provide for deferred taxation 206 7,4 136 7,4
Reinvested for expansion 375 13,5 289 15,7
2 772 100,0 1 835 100,0
Statement of money exchanges with government
Assessment rates and taxes 16 13
Company taxes 148 24
Employees’ tax deducted from remuneration paid 164 112
Net value added tax and general sales tax (refunded)/collected 69 (4)
Regional services council levies 15 10
412 155
Value added is the amount of wealth the Group has created by purchasing and selling its merchandise. The statement above shows how this
wealth has been distributed. The calculation takes into account the amounts retained and reinvested in the Group for the replacement of
assets and development of operations.
* Restated