Added Value is an asset produced by the Piaggio Group, which is distributed, in different forms, to various stakeholders.
The breakdown of the net Global Added Value among the various stakeholders is as follows: remuneration to human resources (direct remuneration comprising salaries, wages and termination benefits and indirect remuneration comprising social security contributions), remuneration to lenders (interest payable and exchange losses), remuneration to shareholders (dividends distributed), remuneration to the Public Administration sector (total taxes paid), external donations and donations to the community. The value held by the Group comprises retained earnings.
Added value generated and distributed in 2016
The net Global Added Value generated by Piaggio in 2016 amounted to approximately €293,929, or 21.6% of the economic value generated. Most of this amount refers to remuneration to human resources (72.7%), followed by remuneration to lenders (16.8%) and to the shareholders (6.1%). Compared to 2015, Global Added Value decreased by 0.4%.
How added value is determined and distributed
|(dati in migliaia di euro)||2016||2015||2014|
|Income/(loss) from investments||588||295||-184|
|Other operating income reclassified||31,107||26,054||25,499|
|Economic value generated||1,358,322||1,341,418||1,252,543|
|Operating costs reclassified||-955,934||-941,429||-864,019|
|Net added value||293,929||294,975||299,171|
|Remuneration to human resources||213,775||213,326||211,513|
|Remuneration to lenders||49,508||56,685||56,919|
|Remuneration to the Public Administration sector||15,639||12,684||14,383|
|External donations and donations to the community||967||413||292|
|Distributed added value||297,851||309,115||283,107|
|Added value retained by the Group||-3,922||-14,140||16,064|