Value added statement
For the year ended 31 December 2012
Value added is a measure of the wealth created by the group and
its employees through its various business activities. This statement
shows the value added and how it was shared.
| |
Value distribution 2012 |
|
|
|
Value distribution 2011 |
|
| |
 |
|
|
|
 |
|
| |
2012
Rm |
|
% |
|
2011
Rm |
|
% |
|
| Revenue |
2 016 |
|
|
|
1 351 |
|
100 |
|
| Listed property securities income |
152 |
|
|
|
132 |
|
|
|
| Property expenses excl employee remuneration and municipal charges |
(162) |
|
|
|
(175) |
|
|
|
| Other operating expenses |
(54) |
|
|
|
(34) |
|
|
|
| Other non-core income |
|
|
|
|
15 |
|
|
|
| Total value created |
1 952 |
|
|
|
1 288 |
|
|
|
| Value distribution |
|
|
|
|
|
|
|
|
| To employees |
|
|
|
|
|
|
|
|
| remuneration and benefits |
99 |
|
5 |
|
55 |
|
4 |
|
| To providers of finance |
|
|
|
|
|
|
|
|
| finance costs |
|
|
|
|
|
|
|
|
| To government |
403 |
|
21 |
|
208 |
|
16 |
|
| current tax |
2 |
|
0 |
|
|
|
|
|
| municipal charges |
454 |
|
23 |
|
283 |
|
22 |
|
| To providers of capital |
|
|
|
|
|
|
|
|
| distributions to combined unitholders |
994 |
|
51 |
|
742 |
|
58 |
|
| Total value added |
1 952 |
|
100 |
|
1 288 |
|
100 |
|
|
