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In 2001, the “value added” by the Group was a negative $270.7 million due mainly to the write-down of the
Group’s trading projects and landbank by $455.1 million. In terms of segmental contribution, this figure can be
analysed as follows:
The value added by the Group for the previous year was $238.4 million.
Income from the Group’s investments was $28.7 million. Excluding this investment income, the Group’s “value
added” from operations (after adjusting for the property write-down mentioned above) was absorbed by employees
in salaries and staff benefits of $33.7 million, governments in taxation of $12.3 million, and providers of capital
in interest and dividends totalling $109.6 million.
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