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. Due to the improved operating profit before special items and lower negative special items, the value added generated by the Volkswagen Group in the reporting period was up 16.8% year-on-year. Added value per employee increased to €107.7 thousand (+13.9%) in 2017. Employees in the passive phase of their partial retirement as well as vocational trainees are not included in the calculation.
(XLS:)
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VALUE ADDED GENERATED BY THE VOLKSWAGEN GROUP |
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Source of funds in € million |
2017 |
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2016 |
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Sales revenue |
230,682 |
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217,267 |
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Other income |
18,912 |
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17,907 |
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Cost of materials |
−151,449 |
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−140,307 |
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Depreciation and amortization |
−22,165 |
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−20,924 |
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Other upfront expenditures |
−17,615 |
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−23,990 |
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Value added |
58,364 |
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49,953 |
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| (XLS:)
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Appropriation of funds in € million |
2017 |
% |
2016 |
% |
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to Volkswagen AG shareholders (dividend, 2017 dividend proposal) |
1,967 |
3.4 |
1,015 |
2.0 |
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to employees (wages, salaries, benefits) |
38,950 |
66.7 |
37,017 |
74.1 |
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to the state (taxes, duties) |
3,433 |
5.9 |
3,486 |
7.0 |
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to creditors (interest expense) |
4,344 |
7.4 |
4,070 |
8.1 |
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to the Company (reserves) |
9,671 |
16.6 |
4,365 |
8.7 |
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Value added |
58,364 |
100.0 |
49,953 |
100.0 |