Value Added Statement

Value Added Statement

Value Added Statement

  2018   2017  
  £’m % £’m %
VALUE CREATED        
Revenue 2 870   2 749  
Cost of materials and services (1 022)   (1 000)  
Finance income 9   7  
Share of net profit of equity accounted investments 3   12  
  1 860 100.0 1 768 100.0
DISTRIBUTION OF VALUE        
To employees as remuneration and other benefits 1 293 69.5 1 231 69.7
Tax and other state and local authority levies (excluding VAT) 75 4.0 75 4.2
To suppliers of capital        
   Non-controlling interests 18 1.0 14 0.8
   Finance cost on borrowed funds 94 5.1 74 4.2
   Distribution to shareholders 58 3.1 62 3.5
  1 538 82.7 1 456 82.4
VALUE RETAINED        
To maintain and replace assets 159 8.5 154 8.7
Income retained for future growth 163 8.8 158 8.9
  322 17.3 312 17.6

 

Distribution of Value