WoolWorths holdings limited 2013 good BUsiness JoUrneY report

VALUE CREATED
The value that we have created for our various stakeholder groups is a key measure of the positive impact
that we have on the South African economy. The table below shows our value added over the last three years.
2013
Rm
2012
Rm
2011
Rm
VALUE-ADDED
Revenue and earnings from joint ventures and associate 35 588 28 952 25 977
Less: Cost of sales 21 674 18 419 16 683
Cost of services and other operating expenses 4 337 3 114 2 871
9 577 7 419 6 423
DISTRIBUTION OF WEALTH
To employees as salaries, wages and other benefits 4 636 3 478 3 166
To government as income tax (including deferred tax) 1 009 811 659
To lenders as finance costs 68 38 84
Depreciation, amortisation and impairment 767 606 513
Social contribution 500 438 370
To shareholders: – Earnings retained 957 749 713
– Dividends 1 640 1 299 918
9 577 7 419 6 423
DISTRIBUTION OF WEALTH
To employees as salaries,
wages and other benefits
To government as income tax
(including deferred tax)
To lenders as finance costs
Depreciation, amortisation
and impairment
Social contribution
To shareholders
48%
2013
11%
1%
8%
5%
27%
47%
49%
2012
2011
11%
1%
8%
6%
27%
10%
2%
8%
6%
25%
2013 GOOD BUSINESS JOURNEY / WHL 19