The primary purpose of this Integrated Report is to communicate to all our stakeholders, how we create value over time. To provide a holistic picture of the value creation process inside the organisation, we have provided a combination of quantitative and qualitative information of the six capitals that we deploy in our operations.

We use capitals as stocks of value that are transformed by our business activities to produce outputs. The six capitals we use in our operations are Financial, Manufactured, Intellectual, Human, Social and Relationship and Natural.

Inter-linkages and spend between various capitals represented as percentage of revenue during FY16 to achieve the financial surplus.


10.7% surplus earned through effective use of capitals + Equity and borrowing


33% on Plant Operations 4% on Depreciation, amortisation, impairment


0.3% on R&D for optimisation and maximisation of use of Manufactured and Natural Capitals


10% on Employee benefit

Social and Relationship

16% on Government levies, 3% on Finance Cost


23% on Raw Materials