Value added statement

	Group
	2018   Rm's	%		2017   Rm's	%
Turnover	6 064			3 670
Cost of goods and services	(3 361)			(1 816)
	2 703			1 854
Income from investments and interest received	61			32
Value added	2 764			1 886
Value distributed and retained
Employees
– Salaries, incentives and benefits	637	23		307	16
Providers of capital	360	13		327	17
– Outside equity holders	21	1		35	2
– Ordinary dividend	339	12		292	15
Taxation	435	16		322	18
Reinvested in Group activities	1 332	48		930	49
– Depreciation	252	9		85	4
– Retained income	1 080	39		845	45
	2 764	100		1 886	100

Value distributed and retained		Value distributed and retained

Indirect impacts

The total economic impact of an organisation includes indirect impacts. These are usually benefits arising in the course of its business to which a monetary amount is not directly attributable. Italtile does not assess and quantify its indirect economic impacts although the Group does provide indirect economic benefits:

• The Group spent R3 361 million (2017: R1 816 million) during the year purchasing raw materials and inventory as well as other products and services from suppliers. This in turn creates opportunities for suppliers to employ more staff to keep pace with the Group's demands.
• During the year the Group paid R435 million in taxation, for the ultimate benefit of all citizens in the territories it operates in.
• The Group paid R637 million (2017: R307 million) during the year to employees in the form of salaries, incentives and benefits. These employees in turn supported their families, contributing to the economic activity of their communities and the overall economies.