Value added statement
The value added statement indicates the added value generated by a company in the past fiscal year as its contribution to the gross domestic product of its home country, and how it is appropriated. The value added generated by the Volkswagen Group in the year under review was 19.2% lower than in the previous year, as measurement effects from the integration of Porsche had a positive effect on other income. Added value per employee in 2013 was €98.4 thousand (–22.6%). Employees in the passive phase of their partial retirement are not included in the calculation.
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VALUE ADDED GENERATED BY THE VOLKSWAGEN GROUP |
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Source of funds in € million |
2013 |
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2012* |
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Sales revenue |
197,007 |
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192,676 |
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Other income |
13,994 |
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24,642 |
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Cost of materials |
–127,089 |
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–122,450 |
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Depreciation and amortization |
–14,686 |
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–13,135 |
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Other upfront expenditures |
–21,027 |
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–22,070 |
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Value added |
48,198 |
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59,663 |
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| (XLS:) Download |
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Appropriation of funds in € million |
2013 |
% |
2012* |
% |
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to shareholders (dividend) |
1,871 |
3.9 |
1,639 |
2.8 |
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to employees (wages, salaries, benefits) |
31,747 |
65.9 |
29,504 |
49.5 |
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to the state (taxes, duties) |
3,865 |
8.0 |
4,322 |
7.2 |
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to creditors (interest expense) |
3,442 |
7.1 |
3,957 |
6.6 |
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to the Company (reserves) |
7,274 |
15.1 |
20,242 |
33.9 |
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Value added |
48,198 |
100.0 |
59,663 |
100.0 |
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