Click to read previous years' value added statements | 2004 | 2005 | 2006 |
| |
| Group Value Added Statement |
| |
| For the year ended 31st December 2007 |
| |
|
Group |
Company |
| |
2007 |
2006 |
2007 |
2006 |
| |
N'million |
% |
N'million |
% |
N'million |
% |
N'million |
% |
| Turnover |
31,479.0 |
|
28,403.2 |
|
18,161.1 |
|
17,507.6 |
|
| Share of associated companies' profit |
665.4 |
|
639.0 |
|
665.4 |
|
639.0 |
|
| Cost of materials and services |
|
|
|
|
|
|
|
|
Imported |
(1,272.4) |
|
(1,179.6) |
|
- |
|
- |
|
Local |
(22,100.8) |
|
(18,858.2) |
|
(12,887.5) |
|
(14,014.4) |
|
Value Added |
______
8,771.2 |
___
100 |
______
9,004.4 |
___
100 |
______
5,939.0
|
___
100 |
______
4,132.2 |
___
100 |
| Used as follows: |
|
|
|
|
|
|
|
|
| 1. To pay employees |
2,025.7 |
23.0 |
2,112.8 |
23.4 |
1,221.3 |
20.5
|
1,437.9 |
30.7 |
| 2. To pay taxes |
1,303.6 |
14.9 |
1,074.4 |
11.9 |
738.8 |
12.4 |
(118.6) |
(2.9) |
| 3. To pay net interest charges |
(75.9) |
(0.9) |
329.0 |
3.7 |
(75.5) |
(1.3) |
71.4 |
1.7 |
| 4. Depreciation of fixed assets |
1,734.8 |
19.8 |
1,802.6 |
20.0 |
1,313.8 |
22.1 |
1,376.2 |
33.3 |
| 5. Transfer to minority interests |
724.5 |
8.3 |
481.9 |
5.4 |
- |
- |
- |
- |
| 6. To pay dividend |
2,177.0 |
24.9 |
1,284.6 |
14.3 |
2,177.0 |
36.8 |
1,284.6 |
31.2 |
| 7. Retained Profit for future investment |
881.5 |
10.0 |
1,919.0 |
21.3 |
563.6 |
9.5 |
80.7 |
2.0 |
| |
______
8,771.2 |
___
100 |
______
9,004.4 |
___
100 |
______
5,939.0 |
___
100 |
______
4,132.2 |
___
100 |
| |
|
|
|
|
|
|
|
|
| Note: Cost of Materials and services |
|
% |
|
% |
|
% |
|
% |
| Imported |
1,272.4 |
5.4 |
1,179.6 |
5.9 |
- |
- |
- |
- |
| Local |
22,100.8 |
94.6 |
18,858.2 |
94.1 |
12,887.5 |
100.0 |
14,014.4 |
100. |
|
| |
|
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