Values Added

FOR THE YEAR ENDED
31 MARCH
FOR THE YEAR ENDED 31 MARCH

        2019       2018        
        R'000 %     R'000 %      
                         
Wealth created1                      
                         
Revenue, investment returns and interest   2,201,662       2,823,630        
Cost of services and borrowings     (628,163)       (1,063,446)        
                         
        1,573,499       1,760,184        
                         
Distribution of wealth                      
                         
Employees       489,870 31%     443,042 25%      
                         
Government                        
Taxes and levies2     517,754 33%     587,220 33%      
                         
Shareholders       638,113 41%     505,308 30%      
Non-controlling interests3     100,241 6%     171,157 11%      
External shareholders     537,872 34%     334,151 19%      
                         
(Disinvestment) / Reinvestment       (72,238) -5%     224,614 13%      
                         
        1,573,499 100%     1,760,184 100%      
                         
Value added distribution over five years (%)   2019   2018   2017   2016   2015
                         
Employees       31   25   24   28   26
Government       33   33   33   28   27
Shareholders       41   29   32   27   21
(Disinvestment) / Reinvestment       -5   13   11   17   26
                         
        100   100   100   100   100

1 The Group disposed of its investemnt in the Broking & Stucturing division with effect from 1 October 2018 (Note 12.2). The Group's interest in the after tax profit of this division has been presented as a separate line item on the face of the Statement of Comprehensive Income as "Profit from discontinued operation (net of income tax)" in both the current and prior year in terms of IFRS 5 Non-current Assets Held for Sale and Discontinued Operations.

2 Deferred taxation is classified as a distribution to government as part of taxes and levies.

3 Non-controlling interests are classified under shareholders.