Value creation
Value creation for stakeholders in purely financial terms is readily measurable and is recorded in the value added statement. Of equal importance though are the ways Datatec adds value to the sustainable development of its customers, employees and other stakeholders, in ways which are less readily represented in financial terms.
During FY15, Datatec added
US$856 million of value
(FY14: US$730 million), which was distributed among key stakeholders as shown below:
79% (FY14: 79%)
of the value created was distributed to employees in the form of salaries, wages and benefits.
It should be noted that this element represents the gross payments to employees. Employee tax and social taxes are deducted from this in accordance with the laws of the jurisdictions in which the employees are employed and remitted to the governments concerned in a secondary distribution of the value generated from Datatec’s operations.
6% (FY14: 5%)
of the value created was distributed directly to governments in the jurisdictions in which the Group operates.
3% (FY14: 3%)
of the value created was paid to the Group’s providers of loan capital in the form of interest payments.
12% (FY14: 13%)
of the value created during FY15 was retained in the Group for reinvestment to sustain and expand the business.
| 2015 US$’000 |
2014 US$’000 |
|
| Revenue | 6 443 536 | 5 688 054 |
| Other income not included in revenue: | ||
| Interest received | 4 324 | 3 580 |
| Less: Paid to suppliers for materials and services | (5 579 279) | (4 961 768) |
| Total value added | 868 581 | 729 866 |
| Distributed as follows: | ||
| Employees | ||
| Salaries, wages and benefits | 687 566 | 572 207 |
| Providers of capital | ||
| Finance costs | 21 930 | 25 168 |
| Government | ||
| Taxation – current | 53 081 | 35 797 |
| Total value distributed | 762 577 | 633 172 |
| Portion of value reinvested to sustain and expand the business | ||
| Depreciation and amortisation | 48 635 | 47 735 |
| Deferred taxation | (1 547) | 1 699 |
| Non-controlling interests | (14 856) | (8 520) |
| Equity holders of the parent | 73 772 | 55 780 |
| Total value distributed and reinvested | 868 581 | 729 866 |
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