• Vision and values
• Operations at a glance
• Chairman’s letter
• Safety
• Corporate responsibility
• Corporate profile
• Performance at a glance
• Chief executive officer’s review
• People
• Value-added statement

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for the year ending 30 June

R million	FY2008	FY2007	% change
Sales	37 619	31 482	19.5
Net cost of products and services	(14 077)	(14 570)	3.4
Value added by operations	23 542	16 912	39.2
Income from investments and interest	6 198	1 030	501.7
Total value added	29 740	17 942	65.8
Applied as follows to:
Employees as salaries, wages and fringe benefits	5 137	4 094	25.5
The state as direct taxes	5 112	3 895	31.2
Royalty recipients	648	1 703	(61.9)
Providers of capital	6 299	3 265	92.9
Financing costs	135	60	125.0
Non-controlling interest	109	93	17.2
Dividends	6 055	3 112	94.5
Total value distributed	17 196	12 957	32.7
Re-invested in the group	12 544	4 985	151.6
Amortisation	1 013	865	17.1
Reserves retained	11 541	4 120	180.1
	29 740	17 942	65.8

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Implats - Annual Report 2008