Statement of value created

ALL MONETARY AMOUNTS ARE EXPRESSED IN MILLIONS OF RANDS	2017	%	2016	%
Revenue	21 397,3		26 148,0
Less: Cost of materials, services and subcontractors	(7 429,8)		(11 269,6)
Value created	13 967,5		14 878,4
Distributed as follows:
To employees
Payroll costs	13 206,2	94,6	13 354,6	89,7
To providers of finance
Net interest on loans	41,7	0,3	71,2	0,5
To government
Company taxation	196,0	1,4	201,3	1,4
To maintain and expand the Group
Reserves available to ordinary shareholders	48,0		752,8
Depreciation	430,9		447,8
Amortisation	44,7		50,7
	523,6	3,7	1 251,3	8,4
	13 967,5	100,0	14 878,4	100,0
Number of people²	20 642		33 893
State and local taxes charged to the Group or collected on behalf of governments by the Group
Company taxation	196,0		201,3
Indirect taxation	317,8		837,3
Employees' tax	266,6		552,1
Rates and taxes	–		0,1
Government grants	–		(0,4)
Customs and excise duty	–		–
	780,4		1 590,4

¹	A 38% investment in Forum SA Trading 284 (Pty) Ltd (Property development) was not included in the sale of the Southern African Infrastructure & Building businesses and has therefore been reclassified from discontinued operations in the prior year and included as income from continuing operations for all periods presented.
²	People includes direct joint arrangement hires and third party contractors of 6 384 (2016: 16 846).This number excludes Southern African Infrastructure & Building businesses as the effective date of sale was 1 April 2017.