Value added statement

Imperial’s business has a significant economic impact on a wide range of stakeholders. We generate direct economic value for shareholders and investors and pay salaries to our 51 000 employees in excess of R12 820 million a year. In procuring goods and services from suppliers, contractors and business partners we play a role in the financial sustainability of large and small business, as our taxes make a significant contribution to the economic growth and prosperity of the countries in which we operate.

However, we recognise that our financial impact represents just one area of our business footprint. In pursuing our strategy to deliver economic value to our stakeholders we remain committed to triplebottom line responsibility and the protection of societal stakeholders and the environment. We remain mindful of our responsibility to conduct business in an ethical, transparent and compliant manner, and to prevent harm being caused to any parties.

The value added statement below shows wealth distribution to our stakeholders during the year under review. Full details of our economic impact and financial performance can be found in the integrated annual report and the full financial statements at www.imperial.co.za.

Value added statement

	2013 Rm		%			2012 Rm		%
Revenue	92 382					80 830
Paid to suppliers for materials and services	71 363					62 699
Total wealth created	21 019					18 131
Wealth distribution
Salaries, wages and other benefits (note 1)	12 824		61			10 703		59
Providers of capital	3 518		17			2 290		12
– Net financing costs	744		4			681		4
– Dividends, share buybacks and cancellations	2 497		12			1 350		7
– Dividends to non-controlling interests	277		1			259		1
Government (note 2)	1 438		7			1 572		9
Reinvested in the group to maintain and develop operations	3 239		15			3 566		20
– Depreciation, amortisation and recoupments	2 316					1 950
– Future expansion	923					1 616
	21 019		100			18 131		100
Value added ratios
– Number of employees (continuing operations)	51 007					47 699
– Revenue per employee (‘000)	1 811					1 695
– Wealth created per employee (‘000)	412					380
Notes
1. Salaries, wages and other benefits
Salaries, wages, overtime, commissions, bonuses and allowances	11 739					9 959
Employer contributions	1 085					744
	12 824					10 703
2. Central and local governments
South African normal tax	995					1 102
Withholding and secondary tax on companies	9					90
Foreign tax	196					192
Rates and taxes	94					72
Skills development levy	52					41
Unemployment Insurance Fund	69					48
Carbon emissions tax	23					27
	1 438					1 572

Wealth distribution 2013		Wealth distribution 2012

Delivering returns to shareholders and investors

We recognise that sustainable development is built on sound financial performance and aim to maintain a viable company that continues to deliver positive benefits to stakeholders. The achievement of this goal is supported by our investment in the sustainability of our operations, the growth of our portfolio of assets and the ongoing drive to deliver above-average returns to our shareholders. Details of our financial performance, profitability, dividends paid and financial statements can be found in the integrated report at www.imperial.co.za.