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