Pioneer Foods

Economic impact

Value added Statement

for the year ended 30 September 2009

  GROUP
  2009   2008
  R’000   R’000
Revenue 16 283 914   14 884 376
Cost of production and services (12 937 531)   (12 017 000)
Value added by operating activities 3 346 383   2 867 376
Interest received 26 973   30 473
Dividends received 1 742   999
Wealth created 3 375 098   2 898 848
Distributed as follows:      
Employees      
Salaries, wages and employee benefits 1 999 334   1 741 256
Providers of capital 429 761   424 722
Interest paid 224 554   250 786
Dividend to shareholders 205 207   173 936
Income tax expense      
Income tax paid in respect of profits earned 241 575   151 495
Retained for future investment 704 428   581 375
Depreciation and impairments 322 438   274 537
Retained earnings 381 990   306 838
       
Wealth distributed and retained 3 375 098   2 898 848


DISTRIBUTION OF WEALTH

Distribution of wealth


Value-added statement

for the year ended 30 September 2008

  GROUP
  2008   2007
  R’000   R’000
Revenue 14 884 376   11 676 598
Cost of production and services (12 017 000)   (8 998 377)
Value added by operating activities 2 867 376   2 678 221
Interest received 30 473   15 946
Dividends received 999   857
Wealth created 2 898 848   2 695 024
Distributed as follows:      
Employees      
Salaries, wages and employee benefits 1 741 256   1 573 979
Providers of capital 424 722   289 222
Interest paid 250 786   131 592
Dividend to shareholders 173 936   157 630
Income tax expense      
Income tax paid in respect of profits earned 151 495   196 051
Retained for future investment 581 375   635 772
Depreciation and impairments 274 537   255 291
Retained earnings 306 838   380 481
       
Wealth distributed and retained 2 898 848   2 695 024
       

Distribution of wealth


Distribution of wealth