Calculation and distribution of Global Added Value

Global added value calculation

Global Added Value is a form of social disclosure which measures the wealth produced by the company with reference to the stakeholders who share in its distribution.

Global Added Value is determined by subtracting from the value of production, including revenues from sales and other revenues, the cost of services and consumption of materials, depreciation/amortisation provisions and other operating expenses.

The Gross Characteristic Added Value is obtained by deducting extraordinary and accessory items.

A) Value of Production 2019 2018
Revenues from sales and services 1,919,460 1,705,836
Rental income 1,017 1,089
Other revenues and income 27,857 43,720
Revenues from characteristic production 1,948,335 1,750,645
B) Intermediate costs of production 2019 2018
Consumption of raw material, consumables and goods for resale 898,371 859,948
Costs of services 412,192 416,809
Leases and rentals 25,196 34,401
Other operating charges 29,623 28,992
Costs of characteristic production 1,365,382 1,340,150
GROSS CHARACTERISTIC VALUE ADDED 582,953 410,495
C) Accessory and extraordinary items 2019 2018
12. +/- Accessory balance of operations -22,945 -14,383
Accessory revenues - -
- Accessory costs -22,945 -14,383
GLOBAL GROSS ADDED VALUE 560,006 396,112

Distribution of added value

2019 2018
A) Human Resources remuneration 324,318 303,301
Personnel
a) direct remuneration 273,830 252,265
b) indirect remuneration 50,488 51,036
B) Loan Capital remuneration 28,885 4,043
Charges for short or long-term capital 28,885 4,043
C) Public Administration + Community remuneration 12,209 -9,277
Direct and indirect taxes 12,209 -9,277
D) Company remuneration 194,625 98,054
Profit (loss) for the year 43,213 -26,064
Amortisation/depreciation 151,413 124,118
GLOBAL GROSS ADDED VALUE 560,006 396,112*
* For greater comparability, it was necessary to reclassify the 2018 Distribution of Global Added Value.

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