In 2017 SEA generated a value of Euro 697.7 million, a 6.8% increase on the previous year.
84% of this value (Euro 589 million) was distributed to stakeholders in the form of payments and other forms of transfers (an increase of 6.6% on the previous year), growing from Euro 552.9 million to Euro 589.2 million. The largest sum, Euro 210.7 million, was allocated to human resources (35.8% of the overall value distributed compared to 33.1% in 2016), with Euro 184.3 million to suppliers (Euro 187.2 million in the previous year) representing 31.3% of the total value. Also of significance was the value distributed to capital providers (Euro 88.5 million equating to 15% of the distributed value, an increase on Euro 81.8 million in 2016).
Public service payments - in the form of taxes and duties, amounted to Euro 51.2 million (8.7% of the distributed value). Finally, the value distributed to the Company and to the region amounted to 0.2% in 2017 and related to donations to service-sector entities and associations supporting cultural, humanitarian, scientific and sports projects.
Statement of the economic value generated and distributed by the Group (Euro ‘000)
|
|
|
2017 |
2016 |
2015 |
|---|---|---|---|---|
|
Economic value directly generated |
|
697,698 |
653,512 |
642,408 |
|
a) Revenues |
Operating revenues |
697,698 |
653,512 |
642,408 |
|
Economic value distributed |
|
589,186 |
552,948 |
545,002 |
|
b) Reclassified operating costs |
Reclassified consumable material costs and other operating costs |
184,289 |
187,196 |
196,990 |
|
c) Commercial costs |
Commercial costs |
53,508 |
44,458 |
40,786 |
|
d) Employee salaries and benefits |
Personnel costs |
210,743 |
182,971 |
176,979 |
|
e) Payments to providers of capital |
Dividends distributed in the year |
70,300 |
62,817 |
50,916 |
|
Financial charges |
18,167 |
18,940 |
19,929 |
|
|
f) Payments to the Public Administration |
Current income taxes and tax charges |
51,203 |
55,708 |
58,500 |
|
g) Investments in the community |
Donations, sponsorship and communication |
977 |
858 |
902 |
|
Economic value |
Calculated as the difference between the economic value generated and the economic value distributed |
108,512 |
100,564 |
97,406 |
Note: In order to guarantee uniformity in representing data, including data from 2015 and 2016, the items "costs" and "Dividends distributed in the year” both belong to the share value distributed to capital providers ("Payments to providers of capital").
Economic value distributed in 2015
Source: SEA
Over the three years, both the value generated and that distributed to stakeholders increased significantly, respectively increasing by 8.6% and by 19.2% from 2015. Client stakeholders enjoyed the greatest increase in retained value over this three-year period (+31.2%), followed by providers of capital (+24.9%), human resources (+19.1%) and communities (+8.3%), whilst value flows to other stakeholders declined.
Finally, in the period in question, we underline the SEA Group’s payments of taxes and duties to the public services amounting to over Euro 164 million.
Economic value distributed in 2016
Source: SEA
Economic value distributed in 2017
Source: SEA