Value added is a measure of the economic strength of a company and indicates how the corporate result is achieved and for what it is used.
Our corporate result, meaning the sum of total revenues, other income and financial income, amounted to € 7,918 million. After deducting the costs of materials as well as other purchased services and expenses, gross value added amounted to € 3,791 million. Following the deduction of depreciation and amortization, net value added was € 2,787 million.
With a share of 76%, the majority amounting to € 2,129 million benefited employees in the form of personnel expenses. Financial expenses declined to € 171 million in comparison with 2008. Taxes on income decreased markedly to € 110 million, not only as a result of the lower level of profit before tax. At € 377 million, profit after tax remained at the level of 2008.
Net value added statement |
||
|
|
|
€ million |
2009 |
2008 |
Total revenues |
7,747 |
7,590 |
Other income |
135 |
142 |
Financial income |
36 |
37 |
Corporate result |
7,918 |
7,769 |
Cost of materials |
–1,182 |
–1,089 |
Other purchased services/expenses |
–2,945 |
–2,681 |
Gross value added |
3,791 |
3,999 |
Depreciation and amortization |
–1,004 |
–1,215 |
Net value added |
2,787 |
2,784 |
Distribution of net value added |
||
|
|
|
€ million |
2009 |
2008 |
Personnel expenses |
2,129 |
2,015 |
Financial expenses |
171 |
194 |
Taxes on income |
110 |
196 |
Profit after tax |
377 |
379 |
Net value added |
2,787 |
2,784 |
back
