Directly generated and distribiuted value

By analysing distributed economic value, Ansaldo STS studies the flow of resources directed towards its employees, suppliers, service providers, lenders, the public administration and the communities in which it is present.

Ansaldo STS recognises the importance of balancing the distribution of value generated by its activities to stakeholders, the value that they have directly or indirectly contributed to generating.

ECONOMIC VALUE DIRECTLY GENERATED AND DISTRIBUTED (€/000) 20152014
Economic value generated  1,438,285 1,365,239
Revenue  1,383,837 1,303,508
Other revenue  18,284 27,964
Financial income  36,164 33,767
Profit from non-current assets held for sale  0 0
Value distributed  1,354,077 1,292,352
Operating costs (procurement, services and investments)  907,841 855,582
Employee remuneration  321,676 316,522
Shareholder remuneration  30,000 28,800
Lender remuneration  46,369 42,768
Public administration remuneration  47,429 47,607
Donations and sponsorshiops  762 1,073
Economic value withheld  84,208 72,887
Depreciation, amortisation, impairment losses and adjustments  21,172 20,993
Self-financing  63,036 51,894

The value generated by the Group reached approximately €1.44 billion, up 5.4% on 2014.

The value withheld by the company amounts to €84.2 million, and mainly consists of amortisation, depreciation, impairment losses and accruals to provisions for risks, along with the self-financing that was generated.

€1.35 billion was distributed among the following stakeholders:

  • the largest amount, or roughly €907.8 million, relates to costs incurred to purchase materials (suppliers), services (contractors and subcontractors) and other goods;
  • approximately €321.7 million to employees, mainly for wages, salaries, social security and pension contributions and defined contribution plans;
  • approximately €47.4 million to the tax authorities and other local bodies for direct and indirect taxes;
  • €46.4 million to lenders for interest and commissions, financial expense and operating exchange rate differences; By analysing distributed economic value, Ansaldo STS studies the flow of resources directed towards its employees, suppliers, service providers, lenders, the public administration and the communities in which it is present.
  • €30.0 million to shareholders in the form of dividends30;
  • €0.8 million to the community in the form of gifts, donations and sponsorships (with or without publicity).

2015 - Economic value distribuited (%)

2015 - ECONOMIC VALUE DISTRIBUTED (%)

 

30. The most indicative data for the distribution of value would have been dividends on the profit for 2014. However, this figure was not available before the shareholders’ approval of the Sustainability Report. Indeed, at the same meeting, the shareholders are to approve the dividend to be distributed on the profit for 2014. Accordingly, we deem it appropriate to publish equity distributions in the year.