In 2000, the value added by the Group was $236.9 million, compared with $306.7 million for the previous year. In terms of segmental contribution, the value added can be analysed as follows:

Income from the Group’s investments was $30.9 million representing 13% of total value added.

Excluding this investment income, the Group’s value added from operations was 13.6% absorbed by employees in salaries and staff benefits of $28 million, 14.2% absorbed by governments in taxation of $29.3 million, and 58.2% absorbed by providers of capital in interest and dividends totalling $119.8 million. The balance of $28.9 million or 14% of Group value added from operations was reinvested in the Group’s businesses to achieve future growth and for asset replacements.