MultiChoice South Africa Holdings (Proprietary) Limited
Value-added statement
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| 31 March 2011 R’m |
31 March 2010 R’m |
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| Revenue | 17 651 | 14 468 | ||
| Cost of generating revenue | (10 336) | (8 087) | ||
| Value added | 7 315 | 6 381 | ||
| Income from investments | 260 | 201 | ||
| Wealth created | 7 575 | 6 582 | ||
| Value distribution | ||||
| Employees | 1 710 | 1 426 | ||
| Salaries, wages and benefits | 1 710 | 1 426 | ||
| Providers of capital | 2 824 | 1 050 | ||
| Finance costs | 124 | 150 | ||
| Dividends paid | 2 700 | 900 | ||
| Government | 1 553 | 1 334 | ||
| Total tax paid | 1 436 | 1 238 | ||
| Licence fees | 117 | 96 | ||
| Reinvested in the group | 1 488 | 2 772 | ||
| Depreciation, amortisation and capital items | 749 | 806 | ||
| Retained earnings | 739 | 1 966 | ||
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| Total | 7 575 | 6 582 |
The value added statement shows an increase of 15% in wealth created in the financial year R7,6bn compared to 2010 (R6,6bn). Significant distributions were made to shareholders of the company R2,7bn compared to 2010 (R0,9bn) by means of dividends.
