2007 Annual Report - Sappi
2007 Annual Report - Sappi
2007 Annual Report - Sappi
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Value added statement<br />
for the year ended September <strong>2007</strong><br />
One measure of wealth created is the amount of value added to<br />
the cost of materials and services purchased. This value added<br />
statement sets out the value added by the <strong>Sappi</strong> group and how<br />
it was distributed among stakeholders.<br />
US$ million <strong>2007</strong> 2006<br />
Sales 5,304 4,941<br />
Income from investments 21 26<br />
Less: Paid to suppliers for materials and services 3,631 3,495<br />
Total value added 1,694 1,472<br />
Distributed as follows:<br />
To employees as salaries, wages and other benefits 867 802<br />
To lenders of capital as interest 169 157<br />
To shareholders as dividends 68 68<br />
To governments as taxation 111 103<br />
Total value added distributed 1,215 1,130<br />
Portion of value added reinvested to sustain and expand the business 479 342<br />
Total value added distributed and reinvested 1,694 1,472<br />
Taxation<br />
Paid in taxes to governments (including US$38 million<br />
(September 2006: US$5 million) direct taxes on income) 111 103<br />
Collected on behalf of, and paid over to governments:<br />
– Employees’ taxation deducted from remuneration paid 148 139<br />
– Net value added taxation (VAT) 81 (14)<br />
Total 340 228<br />
sappi limited | 07 | annual report 31
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