Bilancio Sociale 2005 Social Report 2005
Bilancio Sociale 2005 Social Report 2005
Bilancio Sociale 2005 Social Report 2005
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<strong>Social</strong> <strong>Report</strong> <strong>2005</strong><br />
CALCULATION OF VALUE ADDED<br />
The schedule below shows the calculation of value added by subtracting<br />
intermediate production costs from production value.<br />
The two main intermediate production cost items are raw materials<br />
and services. The latter are the sum of all costs for personnel,<br />
40<br />
CALCULATION OF VALUE ADDED<br />
ITEMS 31/12/<strong>2005</strong> 31/12/2004<br />
A) PRODUCTION VALUE € 1,089,532,023 € 1,049,563,079<br />
1. Sales and service revenue € 1,086,718,920 € 1,059,046,372<br />
2. Change in work in progress, semi-fi nished goods<br />
and fi nished goods inventories € 2,253,128 -€ 9,777,978<br />
3. Change in contract work in progress € 46,433 -€ 258,136<br />
4. Increase in internally-generated non-current assets € 513,542 € 552,821<br />
5. Other revenue and income € 0 € 0<br />
B) INTERMEDIATE PRODUCTION COSTS € 858,712,742 € 803,056,046<br />
6. Raw materials, supplies, consumables<br />
and goods for resale € 679,564,342 € 623,235,702<br />
7. Services € 173,208,683 € 177,878,098<br />
8. Leases and rentals € 2,930,763 € 2,626,982<br />
9. Change in raw materials, supplies<br />
and goods for resale inventories -€ 149,296 -€ 5,227,856<br />
10. Provisions for liabilities and charges € 1,922,659 € 3,327,340<br />
11. Other provisions € 0 € 13,349<br />
12. Miscellaneous operating costs € 1,235,591 € 1,202,427<br />
GROSS VALUE ADDED FROM OPERATIONS (A-B) € 230,819,281 € 246,507,037<br />
+/- Additional and extraordinary items € 11,434,887 € 24,602,624<br />
GROSS TOTAL VALUE ADDED € 242,254,168 € 271,009,661<br />
- Depreciation and amortization € 72,213,725 € 82,694,432<br />
NET TOTAL VALUE ADDED € 170,040,443 € 188,415,229<br />
DISTRIBUTION OF VALUE ADDED<br />
The distribution schedule breaks down the preceding net total,<br />
showing the share of RadiciGroup value added earned by<br />
the various stakeholders:<br />
Personnel compensation. This is the compensation that our<br />
workers earn. It is a value that affects the places where we<br />
canteens, meal vouchers, training and business travel. The other<br />
intermediate production costs shown on the schedule complement<br />
the two main costs and consist of other costs that the Group<br />
must incur in order to carry on its businesses.<br />
operate and creates wellbeing. A community without jobs<br />
faces a social crisis as well as an economic one, which can be<br />
overwhelming. We realize that a business has to be responsible<br />
for its role as an agent of development and collective<br />
wellbeing.<br />
Government taxation. This is the value obtained from na-
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