Bilancio Sociale 2005 Social Report 2005

Social Report 2005
“Having direct contact with the owner was something completely new for us.
Once he said: I can put up my cash, my money, my investment, but you have to put up everything else.
It meant that he placed his full trust in his technical people.“
Calculation and distribution of value added
Our concept of running a business starts with the realization
that we play an important economic and social role in the places
where we operate. From an economic point of view, our main
objective is profi t; from a social standpoint it is the production
of value added. Our businesses, in effect, should enhance
the riches of the environment surrounding us (human resources,
communities, governments, shareholders, and lenders).
In this Social Report we would like to speak about creating value
added and how this wealth is divided among our stakeholders.
Our calculation method reclassifi es income statement data to
illustrate the production and distribution of value added among
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the various interested parties. The method used is prescribed
by GBS (Study Group for Social Reporting) and presents value
added data in two different schedules:
Value added calculation, a breakdown of revenues and intermediate
production costs.
Distribution of value added, a breakdown of the compensation
received by the various stakeholders of the Group.
The schedules below refer to the 2004 and 2005 fi nancial
years.