Value added statement

for the year ended 28 February 2017

Value creation for stakeholders in purely financial terms is readily measurable and is recorded in the value added statement.

85% (FY16: 81%)
of the value created was distributed to employees in the form of salaries, wages and benefits

6% (FY16: 11%)
of the value created during FY17 was retained in the Group for reinvestment to sustain and expand the business

During FY17,
Datatec added
US$770 million
of value

(FY16: US$783 million),
which was distributed among key stakeholders:

5% (FY16: 5%)
of the value created was distributed directly to governments in the jurisdictions in which the Group operates

4% (FY16: 3%)
of the value created was paid to the Group’s providers of capital in the form of interest payments

 

     2017
US$’000
 
   2016
US$’000 
  
Revenue     6 083 383     6 454 782    
Other income not included in revenue:                
   Interest received     3 994     3 670    
Less: Paid to suppliers for materials and services     (5 317 007)    (5 675 345)   
Total value added     770 370     783 107    
Distributed as follows:                
Employees                
   Salaries, wages and benefits     657 607     632 678    
Providers of capital                
   Financing costs     28 197     27 549    
Government                
   Taxation – current     39 950     36 588    
Total value distributed     725 754     696 815    
Portion of value reinvested to sustain and expand the business                
   Depreciation and amortisation     58 329     51 504    
   Deferred taxation     (9 040)    3 368    
   Minorities’ interests     (7 711)    (8 529)   
   Equity holders of the parent     3 038     39 949    
Total value distributed and reinvested     770 370     783 107    

Value added statement