222 | CapitaLand Limited Annual Report 2014
Appendix
Value Added Statement
2014
S$ million
2013
S$ million
Restated*
Continuing and Discontinued Operations
Value Added From:
Revenue earned
3,924.6
4,521.5
Less Bought in materials and services
(2,143.3)
(2,675.1)
Gross Value Added
1,781.3
1,846.4
Share of results of associates and joint ventures
986.2
925.0
Exchange losses (net)
(27.5)
(17.2)
Other operating income (net)
489.3
420.5
1,448.0
1,328.3
Total Value Added
3,229.3
3,174.7
Distribution:
To employees in wages, salaries and benemts
549.7
621.5
To government in taxes and levies
408.0
335.7
To providers of capital in
- Net interest on borrowings
443.0
534.2
- Dividends to owners of the Company
340.6
298.0
1,741.3
1,789.4
Balance Retained in the Business:
Depreciation and amortisation
69.5
68.7
Revenue reserves net of dividends to owners of the Company
820.2
542.2
Non-controlling interests
598.8
765.3
1,488.5
1,376.2
Non-Production (Income)/Cost:
(Write back)/Allowance for doubtful receivables
(0.5)
9.1
Total Distribution
3,229.3
3,174.7
Productivity Analysis:
Value added per employee (S$’000)
#
209
214
Value added per dollar of employment cost (S$)
3.24
2.97
Value added per dollar sales (S$)
0.45
0.41
#
Based on average 2014 headcount of 8,520 (2013 restated 8,646).
* Comparatives for 2013 have been restated to take into account the retrospective adjustments relating to FRS 110 Consolidated Financial
Statements.
