Group value added statement

The value added statement shows the wealth the group has created through exploration, mining, trading and investing operations. The table below summarises the total cash wealth created and how it was disbursed among the group’s stakeholders, leaving a retained amount which was re-invested in the group for the further development of operations.

 31 March 2009
R		Wealth
created %
Cash generated
Proceeds from private placement (coinciding with listing)90 483 396 
Cash derived from sales and services6 100 555 
Income from investments and interest received43 120 439 
Paid to suppliers for goods and services(51 975 660) 
Cash value added87 728 730100
Cash utilised to:
Remunerate employees and directors for services11 206 57613
Pay direct (income) taxes to government10 060 05111
Cash disbursed among stakeholders21 266 62924
Cash retained in the group to maintain and develop operations66 462 10176
 

NOTES TO THE GROUP VALUE ADDED STATEMENT

1. Tax contribution
    Direct (income) taxes (as above)10 060 051 
    Value added taxes levied on purchases of goods and services8 076 322 
 18 136 373 
2. Additional amounts collected by the group on behalf of government
    Value added tax and other duties charged on turnover2 250 683 
    Employees' tax deducted from remuneration paid3 344 026 
    Unemployment insurance fund17 627 
 5 612 338 
3. Levels paid to government
    Rates and taxes paid to local authorities57 485 
    Workers' compensation fund5 000 
    Unemployment insurance fund17 627 
    Skills development102 978 
 183 090 

Annual report

Annual report 2009

Annual report 2010
(PDF - 495KB)

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