US$m
FY20
FY21
FY22
FY23
FY24
Direct economic value generated
Net Revenues
792
711
898
1,029
1,116
Direct economic value generated
Direct economic value DISTRIBUTED
Direct economic value distributed
Operating costs
1
(86)
(63)
(74)
(97)
(102)
2
Employee wages & benefits
(580)
(518)
(670)
(769)
(850)
Community investments
(1)
(1)
(2)
(2)
(2)
Economic value retained before payments to providers of funds and government
125
129
152
161
162
3
Payments to providers of funds
(59)
(46)
(38)
(55)
(72)
4
Payments to government
(23)
(22)
(41)
(35)
(34)
5
Economic value retained
43
61
73
71
56
1. Includes all operating costs excluding staff costs, depreciation and community investments. Includes lease costs (for statutory reporting the group reports the lease costs within depreciation and interest, in accordance with IFRS16).
2. Includes all staff costs except for community investments.
3. Includes interest on bank loans net of income on interest rate hedges.
4. Includes current tax charge; excludes deferred tax.
5. Calculated as the difference between economic value generated and economic value distributed.