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Financials STATEMENT OF VALUE ADDED OTHER NATIONAL DISCLOSURE 2016 2015 Revenue Finance Income Other income Bought-inmaterials and services: - Imported - Local Value added Applied as follows: To pay employees: Salaries, wages and other benefits To pay Government: Current taxation Deferred taxation To pay providers of capital: Finance charges To provide for maintenance of fixed assets: - Depreciation - Amortization Retained in the Group: - Non controlling interest - Profit and loss account ₦’million % 615,103 43,817 10,542 669,462 (86,226) (236,485) 346,751 100 Group Company 2016 ₦’million % ₦’million % 491,725 13,949 3,951 426,129 224,708 4,766 509,625 (50,669) (151,932) 307,024 100 655,603 (63,724) (107,206) 484,673 100 2015 ₦’million % 389,215 54,348 2,148 445,711 (38,656) (91,783) 315,272 100 45,691 4,637 (10,332) 45,381 13 1 (3) 13 30,627 10 1,042 5,929 33,477 29,122 - 2 11 3,673 2,518 34,042 6 1 1 7 23,513 1,037 6,359 27,479 7 - 2 9 74,202 548 22 - 54,228 398 (6,678) (2) 193,302 56 346,751 100 (3,671) 18 - 46,813 300 (1) 184,994 60 307,024 100 9 - 43,416 297 14 - - 368,205 - - 76 484,673 100 213,171 - 68 315,272 100 Value added represents the additional wealth which the Group and company have been able to create by its own and its employees’ efforts. The statement shows the allocation of that wealth to employees, government, providers of finance, and that retained for future creation of more wealth. Annual Report 2016 215

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