Added value
|
(€ million) |
2011 |
2012 |
2013 |
|
Overall distributed net added value |
23,294 |
22,475 |
20,421 |
|
- of which to human resources |
4,592 |
4,895 |
5,518 |
|
- of which to shareholders |
3,978 |
4,139 |
4,227 |
|
- of which to States and Public Administrations |
9,903 |
11,659 |
9,008 |
|
- of which to financial backers |
922 |
980 |
923 |
|
- of which to Company system |
3,899 |
802 |
745 |
The distributed net added value in 2013 was €20,421 million, a reduction compared to the previous period primarily due to: (i) less production in the E&P sector due to extraordinary interruptions and the appreciation of the euro against the dollar; (ii) extraordinary losses on contracts in the Engineering & Construction sector in the first half of the year.
Added value in 2013 was divided as follows:
- 44% to the State and Public Administrations through taxes on the income of both Italian and overseas businesses;
- 27% to human resources remunerated through wages, salaries and welfare contributions;
- 21% to shareholders remunerated through the distribution of dividends;
- 5% to the financial backers, remunerated through financial charges;
- 4% to the company system, paid through the share of net profit reinvested in the company (profit for the year net of dividends and the share used to restore the plant and equipment and intangible fixed assets used in the production process).
