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.
 

  FY20   FY19  
  £’m % £’m %
VALUE CREATED        
Revenue 3 083   2 932  
Cost of materials and services (1 201)   (1 222)  
Finance income 9   9  
Share of net profit of equity accounted investments 2   3  
  1 893 100.0 1 722 100.0
DISTRIBUTION OF VALUE        
To employees as remuneration and other benefits 1 388 73.3 1 233 71.7
Tax and other state and local authority levies (excluding VAT) 71 3.8 68 3.9
To suppliers of capital        
   Non-controlling interests 18 1.0 21 1.2
   Finance cost on borrowed funds 87 4.6 66 3.8
   Distribution to shareholders 59 3.1 59 3.4
  1 623 85.8 1 447 84.0
VALUE RETAINED        
To maintain and replace assets 152 8.0 136 7.9
Income retained for future growth 118 6.2 139 8.1
  270 14.2 275 16.0

 

Distribution of Value

value added statement