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. In 2008, the added value generated by the Volkswagen Group was 7.1% higher than in the previous year. Added value per employee was €83.0 thousand (–1.0%).
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VALUE ADDED GENERATED BY THE VOLKSWAGEN GROUP |
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|---|---|---|---|---|---|---|---|---|
Source of funds in € million |
2008 |
|
2007 |
|
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Sales revenue |
113,808 |
|
108,897 |
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Other income |
9,992 |
|
7,050 |
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Cost of materials |
–75,954 |
|
–72,340 |
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Depreciation and amortization |
–8,438 |
|
–9,238 |
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Other upfront expenditures |
–12,554 |
|
–9,289 |
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Value added |
26,854 |
|
25,080 |
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Appropriation of funds in € million |
2008 |
% |
2007 |
% |
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|---|---|---|---|---|---|---|---|---|
to shareholders (dividend) |
779 |
2.9 |
720 |
2.9 |
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to employees |
15,784 |
58.8 |
14,549 |
58.0 |
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to the state (taxes, duties) |
2,503 |
9.3 |
2,950 |
11.8 |
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to creditors (interest expense) |
3,879 |
14.4 |
3,459 |
13.7 |
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to the Company (reserves) |
3,909 |
14.6 |
3,402 |
13.6 |
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Value added |
26,854 |
100.0 |
25,080 |
100.0 |
