Value Added and Productivity
In 2002, the value added by the Group was $137.2 million. In terms of segmental contribution, this
figure can be analysed as follows:
The value added by the Group for the previous year was negative $270.7 million due mainly to
landbank provisions of $483.7 million made during that year.
Income from the Group’s investments was $21.3 million. Excluding this investment income, the
Group’s value added from operations was absorbed by employees in salaries and staff benefits of
$32.3 million, governments in taxation of $32.8 million, and providers of capital in interest and
dividends totalling $49.1 million. The amount reinvested in business was $1.7 million.
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