Group Added Value Statements

GROUP VALUE ADDED
  FY 2020(1)
(S$ million)		 FY 2019
(S$ million)
Value added from:
Operating revenue 16,542 17,372
Less: Purchase of goods and services (9,753) (10,314)
  6,789 7,058
 
Other income 179 225
Interest and investment income (net) 180 38
Share of associates’ post-tax results(2)(3) (530) 1,563
Exceptional items (pre-tax) 416 68
  245 1,894
Total value added 7,034 8,952
 
Distribution of total value added
To employees in wages, salaries and benefits 2,426 2,590
To government in income and other taxes 513 675
To providers of capital on:    
- Interest on borrowings 462 393
- Dividends to shareholders 2,857 2,857
Total distribution 6,258 6,515
 
Retained in business
Depreciation and amortisation 2,580 2,222
Retained (losses)(3)/ profits (1,782) 238
Non-controlling interests (22) (23)
  776 2,437
 
Total value added 7,034 8,952
 
Average number of employees 23,080 24,071
“Associate” refers to an associate and/or a joint venture under SFRS(I).

Notes:
  • Includes the effects from adoption of SFRS(I) 16, Leases, from 1 April 2019 on a prospective basis.
  • Includes the Group’s share of the associates’ significant one-off items.
  • FY 2020 includes the Group’s share of Airtel’s net exceptional loss of S$1.80 billion mainly for regulatory costs.
PRODUCTIVITY DATA

Value Added(S$ million)

2020
7,034
2019
8,952
-1918

Value Added Per Employee(S$'000)

2020
305
2019
372
-67

Value Added Per Dollar
of Employee Costs(S$)

2020
2.90
2019
3.46
-0.56

Value Added Per Dollar
of Turnover(S$)

2020
0.43
2019
0.52
-0.09