CITY LODGE HOTEL GROUP

WHAT we do

The City Lodge Hotel Group is a multi-brand chain offering a variety of locations, features and budget choices to business and leisure travellers.

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VALUE added statement

R000   2017   %     2016   %
Revenue(1)   1 729 407         1 704 249    
Paid to suppliers for materials and services(1)   (618 169)         (582 204)    
Value added by operations   1 111 238         1 122 045    
Interest income   6 603         2 268    
Total wealth created   1 117 841   100     1 122 045   100
Distributed as follows:                  
Salaries, wages and all related benefits(2)                  
– direct   253 964         243 814    
– indirect   45 766         43 065    
    299 730   27     286 879   26
Government                  
Taxes(3)   299 647         312 118    
Rates   42 986         39 106    
    342 633   31     351 224   31
Providers of capital                  
Dividends to ordinary shareholders   192 955         184 316    
Interest on borrowings   77 558         74 523    
    270 513   24     258 839   23
Reinvested to maintain/develop operations                  
Depreciation   102 779         96 399    
Accumulated profit   102 186         130 972    
    204 965   18     227 371   20
Total wealth distributed   1 117 841   100     1 124 313   100
Headcount – direct   1 440         1 424    
Headcount – indirect   511         483    
Total headcount   1 951         1 907    
(1) Including value added taxation (“VAT”).
(2) Excluding employee taxes.
(3) Includes income taxation, deferred taxation, employee taxes and net VAT.