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How our activities added value for our stakeholders

Value created

ZAR44 683m subscription revenue(1)

+

ZAR8 727m other revenue(2)

+

ZAR366m investment income

ZAR53 776m total value created

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In return, our customers received value through:

Access to 24/7 entertainment anytime and anywhere through and streaming services tailored to their needs and budget

Local content that tells African stories

World-class sport content

Funding and development of local sport

Extensive access to international content

A broader ecosystem of entertainment options, brought to life by new products and services

Supported by our customer service platforms

Our B2B customers received value through:

Dynamic media services to access and advertise to both broadcast and online audiences through DStv Media Sales
Software security and cyber services for digital platform and application protection through Irdeto

Value allocated to stakeholders

  Cash flows FY21
ZAR’m
FY20
ZAR’m
  Subscription revenue(1) 44 683 42 752
  Other revenue(2) 8 727 8 635
  Investment income 366 435
  Total value created 53 776 51 822
  Employee costs 5 911 5 912
Value allocated to employees 5 911 5 912
  Content investment 17 951 18 764
  Set-top box purchases 5 165 4 855
  Transponder costs 2 623 2 649
  Other operating costs 10 466 10 254
Value allocated to suppliers and partners 36 205 36 513
  Tax expense(3) 4 827 3 444
  Licence fees 203 212
  Community social development spend(4) 446 247
Value allocated to governments and societies 5 476 3 903
  Dividends paid to non-controlling shareholders 1 491 1 615
  Non-controlling interest net profit retained 1 916 1 363
Value allocated to minority partners 3 407 2 978
  Dividends paid 2 411
  Repurchase of treasury shares 1 682
  Interest paid to debt providers 53  
  Value retained for equity holders 313 834
Value allocated to capital providers 2 777 2 516
  Total value allocated 53 776 51 882
(1) Subscription revenue in FY21 includes ZAR72m gains related to fair value movements on Nigeria futures contracts.
(2) Other revenue includes Irdeto revenue, advertising revenue, decoder sales, installation fees, licensing and production revenue, and reconnection fees.
(3) Includes current and deferred tax charges. For details of corporate income taxes paid and collected during the year, refer to Value created for our government and regulators.
(4) Includes non-cash advertising contributions of ZAR271m in FY21 (FY20: ZAR79m).