Value added is the wealth created by the group from providing banking and other financial services. The group’s effective share in Liberty Life’s profit has been included in interest, commission and other revenues.

	2005		2004
	Rm	%	Rm	%
Value added
Interest, commissions and other revenues	55 816		50 918
Interest paid to depositors and costs of other services	33 250		30 678
Wealth created	22 566		20 240
Distribution of wealth
Employees
Salaries, wages and other benefits	9 613	43	8 610	43
Government1	3 280	14	2 909	14
Shareholders	4 130	18	2 274	11
Dividends paid to shareholders	3 747		2 150
Earnings attributable to outside and preference shareholders	383		124
Retentions to support future business growth	5 543	25	6 447	32
Retained surplus	4 685		5 534
Depreciation and amortisation	858		913
Wealth distributed	22 566	100	20 240	100
1Government: central and local
South African normal tax	2 244		2 005
South African deferred tax	(215)		50
Secondary tax on companies	244		(47)
Foreign normal and withholding tax	534		255
Foreign deferred tax	(39)		221
Capital gains tax deferred	(10)		–
Attributable to decrease in tax rate	(80)		–
Regional services levies	106		87
Rates and taxes paid to local authorities	37		36
Value added tax	396		281
Duties	6		(5)
Skills development levy	57		26
	3 280		2 909

Distribution of wealth created  by the group (%)

Value added distribution over five years (%)   2005 2004 2003 2002 2001 Employees 43 43 43 46 44 Government 14 14 16 16 15 Shareholders 18 11 10 10 10 Retentions 25 32 31 28 31