Value added reporting in South Africa: current disclosure patterns

L J Stainbank

South African Journal of Accounting Research, 1997, vol. 11, issue 2, 69-91

Abstract: The value added statement has become a recognised part of annual reports in South Africa despite the fact that no guidance has been provided to the preparers of the value added statement other than The corporate report (ICAEW, 1975) which was issued in the United Kingdom and a statement of recommended accounting practice issued by the Singapore Society of Accountants (1984).This article presents the results of a survey which examined the construction of value added statements produced by certain listed companies in South Africa to determine how the problems of reporting value added are being dealt with and whether any preferred treatments are emerging. Diversity in terminology, presentation and treatments were found which would suggest that value added statements are not useful as they are not derived from a systematically applied consistent model and that comparability is only possible within a company over time or within company groups.An interesting trend is the appearance of a cash value added statement which does not lend itself to as much diversity in preparation as it links to the cash flow statement.

Date: 1997
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DOI: 10.1080/10291954.1997.11435074

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