Value added contributions
Total value added by Rio Tinto was $7.6 billion in 2004, or 54 per cent of the Group's total turnover. This represents a 20 per cent increase with respect to 2003.
- 28 per cent was payments to employees, 20 per cent taxes and royalties paid to governments and others, and 35 per cent was reinvested in the business.
- Payments to the providers of capital represented a further 17 per cent, 88 per cent in dividends and 12 per cent in interest payments
- Seventy six per cent of wages and salaries are paid locally by the operation. A further 13 per cent takes place at the regional level. Only one per cent is international.
- 20 per cent of value added was tax and royalty payments, 35 per cent of which are paid directly to local and regional governments. In addition, Rio Tinto generates an important income stream to governments through indirect and other taxes such as employee taxes, social security contributions and custom duties.
Rio Tinto employed over 33,000 people in 2004, most of them at the local level of our operations.
Value added by form of contribution in 2004 [accessible version]
Payments to employees by geographic distribution in 2004 [accessible version]
Direct taxes and royalties by geographic distribution in 2004 [accessible version]
Direct and indirect taxes by region in 2004 [accessible version]
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