Value added statement

Hyde Park Corner, Gauteng

 
 
 

Value added is a measure of the wealth created by the group and its employees through its business activities.

 
 
 

The table below sets out the value added and how it was shared.

  June 2018
Rm
    June 2017
Rm
  June 2016
Rm
   
Income from: 2 971 2 838   2 658   
   South Africa property portfolio 2 705 2 679   2 549   
   Sub-Saharan Africa 78 57   84   
   South-Eastern Europe 188 102   25   
Other income 47 37   7   
Fund management expenses (65) (67)   (64)   
Antecedent dividend     17   
Total value created 2 953 2 808   2 618   
Value distribution Rm % of total   Rm % of total Rm % of total  
To employees      
   Remuneration and benefits 158 5,4   144 5,1 128 4,9
To providers of finance      
   Net finance costs 281 9,5   321 11,5 394 15,1  
To government      
   Municipal charges 609 20,6   618 22,0 574 21,9  
To providers of capital      
   Distribution to shareholders 1 905 64,5   1 725 61,4 1 522 58,1  
Total value distributed 2 953 2 808   2 618  
Value added statement
Value added statement