Our six capitals
Our ability to create long-term sustainable value for stakeholders
depends on the use of various capitals within our business. The
International Integrated Reporting
Financial
Human
Manufactured
Social and relationship
Intellectual
Natural
Our key stakeholders
The Group is committed to open and constructive engagement with all our stakeholders. Our business model and strategy are designed to consider and address the issues and concerns most relevant to our key stakeholders. Refer to the "Engaging with our stakeholders" section on pages 38 to 41 for more information.
Customers
Community
Employees
Suppliers
Franchisees
Shareholders
Our business acceleration pillars
The second stage of our strategic long-term plan is organised around seven business acceleration pillars. These pillars represent the material growth opportunities that can materially affect our ability to create value over the short, medium and long term. Refer to our "Strategic focus" section on pages 44 to 51 for more information.
Better for customers
A flexible and winning estate
Efficient and effective operations
Every product, every day
A winning team
Boxer–
a national brand
Rest of Africa – a second engine of growth
| 52 weeks 25 February 2018 Rm |
% | 52 weeks 26 February 2017 Rm |
% | |||
| Turnover | 81 560.1 | 77 486.1 | ||||
|---|---|---|---|---|---|---|
| Amounts paid for merchandise and expenses | (71 445.2) | (67 769.9) | ||||
| Finance income | 184.1 | 126.1 | ||||
| Total value created | 10 299.0 | 100.0 | 9 842.3 | 100.0 | ||
| Distributed as follows: | ||||||
| Employees | ||||||
| Salaries, wages and other benefits | 6 688.7 | 64.9 | 6 619.8 | 67.3 | ||
| To providers of capital | 1 621.1 | 15.7 | 1 317.5 | 13.3 | ||
| Distributions to shareholders | 866.5 | 8.4 | 753.5 | 7.7 | ||
| Share purchases | 423.4 | 4.1 | 345.4 | 3.4 | ||
| Finance costs | 331.2 | 3.2 | 218.6 | 2.2 | ||
| Government | ||||||
| Taxation expense | 471.8 | 4.6 | 461.0 | 4.7 | ||
| Retained for growth | 1 517.4 | 14.7 | 1 444.0 | 14.7 | ||
| Depreciation and amortisation | 1 087.6 | 10.6 | 981.5 | 10.0 | ||
| Profit for the period after distributions to shareholders | 429.8 | 4.2 | 462.5 | 4.7 | ||
| Total value distributed | 10 299.0 | 100.0 | 9 842.3 | 100.0 |
Prior period amounts normalised for non-recurring items and/or restated to ensure comparability.
We have created financial value of R10.3 billion (2017: R9.8 billion) during the
financial period. The value-added statement illustrates how we have distributed
this value to our stakeholders.
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