Pioneer Foods

Economic impact

VALUE ADDED STATEMENT
for the year ended 30 September 2010

 
        
 
   GROUP
   2010     2009 
   R’000     R’000 
Revenue  15 731 322  16 283 914 
Cost of production and services  (12 483 269) (12 937 531)
Value added by operating activities  3 248 053  3 346 383 
Interest received  31 362     26 973 
Dividends received  2 071     1 742 
Wealth created  3 281 486  3 375 098 
           
Distributed as follows:          
Employees          
Salaries, wages and employee benefits  2 185 713  1 999 334 
           
Providers of capital  335 651     429 761 
Interest paid  156 597     224 554 
Dividend to shareholders  179 054     205 207 
           
Income tax expense          
Income tax paid in respect of profits earned  358 573     241 575 
           
Retained for future investment  401 549     704 428 
Depreciation and impairments  322 619     322 438 
Retained earnings  78 930     381 990 
           
Wealth distributed and retained  3 281 486  3 375 098 
      
  

Distribution of wealth