Economic value generated and distributed (EC1)
Economic value generated
The difference between achieved EBIT and the Group’s required rate of return (expressed as 11% return on net assets) = an economic value that is generated by the operations every year, before tax.
Sales and operating profit
External net sales 2008 - breakdown geographically
Net sales as stated in the Annual Report for 2008, Note 6 to the consolidated accounts. See also Note 7 for a definition of segments.
Economic value distributed
Overview of economic value distributed 2008
Note on operating expenses: The cost of all goods, materials and services is based on the information in Note 6 to the 2008 Annual Report and calculated as follows:
External net sales minus depreciation/amortisation/impairment losses/reversed impairment losses and operating profit, less employee wages and benefits and excise taxes.
Voluntary contributions and investment of funds in the broader community (includes donations) are not included in the above graph, see 4.16–17
Payment to government 2008
Economic value retained 2008
