Value added is the wealth created
by the group from providing banking and other
financial services. The group’s effective
share in Liberty Life has been included in interest,
commission and other revenues.
 |
|
|
|
|
| |
2004
Rm
|
%
|
2003
Rm
|
% |
Value added
|
|
|
|
|
| Interest, commissions and other revenues |
51 391
|
|
50 368
|
|
Interest paid to depositors and cost of
other services
|
31 191
|
|
32 704
|
|
Wealth created
|
20
200
|
|
17 664
|
|
| |
|
|
|
|
Distribution of wealth
|
|
|
|
|
Employees
|
|
|
|
|
Salaries and other benefits
|
8 499
|
42
|
7 581
|
43 |
| |
|
|
|
|
Governments 1
|
2 914
|
15
|
2 770
|
16 |
| |
|
|
|
|
Shareholders
|
2 277
|
11
|
1 857
|
10 |
Dividends paid to shareholders
|
2
150
|
|
1 753
|
|
Earnings attributable to outside and
preference shareholders
|
127
|
|
104
|
|
| |
|
|
|
|
Retentions to support future business
growth
|
6 510
|
32
|
5 456
|
31 |
Retained surplus
|
5
591
|
|
4 625
|
|
Depreciation and amortisation
|
919
|
|
831
|
|
| |
|
|
|
|
Wealth distributed
|
20
200
|
100 |
17 664
|
100 |
1 Central and local governments
|
|
|
|
|
Local and foreign income taxes
|
2 263
|
|
2 201
|
|
South African deferred tax
|
(1)
|
|
247
|
|
Foreign deferred tax
|
227
|
|
(95)
|
|
Regional services levies
|
87
|
|
90
|
|
Rates and taxes paid to local authorities
|
36
|
|
29
|
|
Value added tax
|
281
|
|
264
|
|
Duties
|
(5)
|
|
16
|
|
| Skills development levy 2 |
26
|
|
18
|
|
| |
2
914 |
|
2 770 |
|
| |
|
|
|
|
