Value added statement

		Notes		30 June 2016 N$’000s		30 June 2015 N$’000s
WEALTH CREATED
Revenue				2 425 885		2 434 177
Paid to suppliers for materials and services				(1 885 211)		(1 927 663)
VALUE ADDED				(540 674)		506 514
Income from investments				18 315		22 000
TOTAL WEALTH CREATED				558 989		528 514
WEALTH DISTRIBUTION
Salaries, wages and other employment costs		1		289 544		268 714
Providers of capital
Dividends to shareholders				159 027		146 636
Finance costs on borrowings				39 412		8 847
Central and local governments		2		132 034		135 869
Reinvested in Group to maintain and develop operations
Amortisation				4 526		3 745
Depreciation				119 676		112 817
Retained earnings				213 443		112 346
Deferred taxation				6 009		2 057
TOTAL WEALTH DISTRIBUTED				963 671		791 031
NOTES TO THE VALUE ADDED STATEMENT
Salaries, wages and other employment costs
Salaries, wages, overtime payments, commissions, bonuses and allowances				244 428		226 415
Total contributions to medical aid and pension fund				45 116		42 299
				289 544		268 714
Central and local governments
Normal corporate taxation				129 634		134 035
Rates and taxes paid on properties				2 400		1 834
				132 034		135 869
Additional amounts collected on behalf of central and local governments
Customs and excise duties including import surcharges				580 555		605 367
Value added tax collected on revenue				110 638		73 927
PAYE deducted from remuneration paid				43 537		32 983
Withholding taxes				4 935		7 531
				739 665		719 808
Number of employees				740		786