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eConoMiC Value distRibuted to stakeholdeRs
The creation and distribution of economic value provide an
initial indication of how the Prysmian Group generates wealth
for its stakeholders.
Economic value represents the wealth produced by the Group
that, in various forms, is distributed to the stakeholders in
the following ways: remuneration of human resources (direct
remuneration, comprising wages, salaries and severance
indemnities, and indirect remuneration in the form of social
security and pension contributions), remuneration of lenders
(interest expense), remuneration of Group shareholders
(dividends paid) and other investors, remuneration of the
Public Administration (total taxes paid), gifts and donations
to the community. The value retained by the Group is
represented by the profit reserves carried forward.
The schedule showing how the economic value generated
by Prysmian is allocated was prepared with reference to the
income statement captions reported in the consolidated
financial statements as of 31 December 2013.
The economic value generated by Prysmian in 2013, net of
reclassified costs, amounted to Euro 1,502 million or about
21% of consolidated sales. The largest part of this value
is represented by the remuneration of human resources
(64%), followed by the remuneration of lenders (9%), the
shareholders and minority interests (6%) and the Public
Administration (5%). The remainder (16%) represents the
value retained by the business.
ALLOCATION OF ECONOMIC VALUE IN 2013
(in millions of Euro)
Employees
Lenders
Shareholders and minority interests
Public administration
Economic value retained by the Group
965
240
94
68
135
140,000 Euro
to the Community*
* This amount only includes the gifts and donations to the community reported by a number of companies within the Prysmian Group.
