Value Added Statement

Value Added Statement

Value Added Statement

The Value added statement depicts the economic benefit created by the Group and how that is distributed among the various stakeholders, comprising employees, shareholders, banks, government, creditors and the economic value retained in the business.
 

  2019   2018  
  £’m % £’m %
VALUE CREATED        
Revenue 2 932   2 876  
Cost of materials and services (1 222)   (1 028)  
Finance income 9   9  
Share of net profit of equity accounted investments 3   3  
  1 722 100.0 1 860 100.0
DISTRIBUTION OF VALUE        
To employees as remuneration and other benefits 1 233 71.7 1 293 69.5
Tax and other state and local authority levies (excluding VAT) 68 3.9 75 4.0
To suppliers of capital        
   Non-controlling interests 21 1.2 18 1.0
   Finance cost on borrowed funds 66 3.8 94 5.1
   Distribution to shareholders 59 3.4 58 3.1
  1 447 84.0 1 538 82.7
VALUE RETAINED        
To maintain and replace assets 136 7.9 159 8.5
Income retained for future growth 139 8.1 163 8.8
  275 16.0 322 17.3

 

Distribution of Value