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Integrated annual report 2011 to the shareholders of Phuthuma Nathi Investments Limited

MultiChoice South Africa Holdings (Proprietary) Limited
Value-added statement

 

    31 March  
2011  
R’m  
31 March  
2010  
R’m  
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  
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.