| Group Value Added Statement |
| |
| For the year ended 31st December 2004 |
| |
|
Group |
Company |
| |
2004 |
2003 |
2004 |
2003 |
| |
N'million |
% |
N’million |
% |
N'million |
% |
N’million |
% |
| Sales of products and services |
25,116.4 |
|
20,940.1 |
|
17,375.0 |
|
14,848.0 |
|
| Share of associated companies profit |
352.4 |
|
534.6 |
|
352.4 |
|
534.6 |
|
| Cost of materials and services |
(18,937.4) |
|
(14,774.9) |
|
(12,465.4) |
|
(9,712.6) |
|
Value Added |
______
6,531.4 |
___
100 |
______
6,706.8 |
___
100 |
______
5,260.0 |
___
100 |
______
5,670.0 |
___
100 |
| Used as follows: |
|
|
|
|
|
|
|
|
| 1. To pay employees |
1,956.6 |
30.0 |
1.742.1 |
26.0 |
1,441.7 |
27.4 |
1,181.3 |
20.8 |
| 2. To pay taxes |
768.6 |
11.8 |
481.0 |
7.2 |
601.9 |
11.4 |
313.0 |
5.5 |
| 3. To pay net interest charges |
854.7 |
13 |
1,157.4 |
17.2 |
609.3 |
11.6 |
660.3 |
11.7 |
| 4. Depreciation of fixed assets |
1,301.3 |
19.9 |
1,135.1 |
16.9 |
1,010.5 |
19.2 |
932.6 |
16.4 |
| 5. Transfer to minority interests |
80.0 |
1.2 |
6.6 |
0.1 |
- |
- |
- |
- |
| 6. To pay dividend |
971.0 |
14.9 |
545.2 |
8.1 |
971.0 |
18.5 |
542.2 |
9.6 |
| 7. Future investment in the group |
599.2 |
9.2 |
1,639.4 |
24.5 |
627.6 |
11.9 |
2,037.6 |
35.8 |
| |
______
6,531.4 |
___
100 |
______
6,706.8 |
___
100 |
______
5,262.0 |
___
100 |
______
5,670.0 |
___
100 |
|
| |
|
