Click to read previous years' value added statements | 2004 | 2005 | |
| |
| Group Value Added Statement |
| |
| For the year ended 31st December 2006 |
| |
|
Group |
Company |
| |
2006 |
2005 |
2006 |
2005 |
| |
N'million |
% |
N'million |
% |
N'million |
% |
N'million |
% |
| Turnover |
28,403.2 |
|
27,118.7 |
|
17,507.6 |
|
16,982.7 |
|
| Share of associated companies' profit |
639.0 |
|
560.2 |
|
639.0 |
|
560.2 |
|
| Cost of materials and services |
|
|
|
|
|
|
|
|
Imported |
(1,179.6) |
|
(933.4) |
|
- |
|
- |
|
Local |
(18,858.2) |
|
(20,047.4) |
|
- |
|
- |
|
Value Added |
______
9,004.4 |
___
100 |
______
6,698.1 |
___
100 |
______
4,132.2 |
___
100 |
______
5,226.8 |
___
100 |
| Used as follows: |
|
|
|
|
|
|
|
|
| 1. To pay employees |
2,112.88 |
23.4 |
2,167.8 |
32.3 |
|
30.7 |
1,608.3 |
30.7 |
| 2. To pay taxes |
1,074.4 |
11.9 |
915.6 |
13.7 |
(118.6) |
(2.9) |
533.4 |
10.2 |
| 3. To pay net interest charges |
329.0 |
3.7 |
318.9 |
4.8 |
71.4 |
1.7 |
212.3 |
4.1 |
| 4. Depreciation of fixed assets |
1,802.6 |
20.0 |
1,486.5 |
22.1 |
1,376.2 |
33.3 |
1,097.3 |
21.0 |
| 5. Transfer to minority interests |
481.9 |
5.4 |
179.4 |
2.7 |
- |
- |
- |
- |
| 6. To pay dividend |
1,284.6 |
14.3 |
1,284.6 |
19.2 |
1,284.6 |
31.2 |
1,284.6 |
24.6 |
| 7. Retained Profit for future investment |
1,919.0 |
21.3 |
345.3 |
5.2 |
80.7 |
2.0 |
490.9 |
9.4 |
| |
______
9,004.4 |
___
100 |
______
6,698.1 |
___
100 |
______
4,132.2 |
___
100 |
______
5,226.8 |
___
100 |
| |
|
|
|
|
|
|
|
|
| Note: Cost of Materials and services |
|
% |
|
% |
|
% |
|
% |
| Imported |
1,179.6 |
5.9 |
933.4 |
4.4 |
- |
- |
- |
- |
| Local |
18,858.2 |
94.1 |
20,047.4 |
95.6 |
14,014.4 |
100.0 |
12,316.1 |
100. |
|
| |
|
