Value added
statement

	Group
		2020 Rm			%		2019 Rm		%
Turnover		6 690					6 975
Cost of goods and services		(2 752)					(3 237)
		3 938					3 738
Income from investments and interest received		74					71
Value added		4 012					3 809
Value distributed and retained
Employees
–Salaries, incentives and benefits		790			20		792		21
Providers of capital		1 481			37		941		25
– Outside equity holders		33			1		42		1
– Ordinary and special dividend		1 448			36		899		24
Taxation		416			10		539		14
Reinvested in Group activities		1 325			33		1 537		40
–Depreciation		361			9		284		7
– Retained income		964			24		1 253		33
		4 012			100		3 809		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 R2 752 million (2019: R3 237 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 R416 million (2019: R539 million) in taxation, for the ultimate benefit of all citizens in the territories in which it operates.
• The Group paid R790 million (2019: R792 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.