Value added statement

The value added statement indicates the added value generated by a company in the past fiscal year as its contribution to the gross domestic product of its home country, and how it is appropriated. Due to the improved operating profit before special items and lower negative special items, the value added generated by the Volkswagen Group in the reporting period was up 16.8% year-on-year. Added value per employee increased to €107.7 thousand (+13.9%) in 2017. Employees in the passive phase of their partial retirement as well as vocational trainees are not included in the calculation.

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VALUE ADDED GENERATED BY THE VOLKSWAGEN GROUP

Source of funds in € million

 

2017

 

 

 

2016

 

 

 

 

 

 

 

 

 

 

 

Sales revenue

 

230,682

 

 

 

217,267

 

 

Other income

 

18,912

 

 

 

17,907

 

 

Cost of materials

 

−151,449

 

 

 

−140,307

 

 

Depreciation and amortization

 

−22,165

 

 

 

−20,924

 

 

Other upfront expenditures

 

−17,615

 

 

 

−23,990

 

 

Value added

 

58,364

 

 

 

49,953

 

 

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Appropriation of funds in € million

 

2017

 

%

 

2016

 

%

 

 

 

 

 

 

 

 

 

to Volkswagen AG shareholders (dividend, 2017 dividend proposal)

 

1,967

 

3.4

 

1,015

 

2.0

to employees (wages, salaries, benefits)

 

38,950

 

66.7

 

37,017

 

74.1

to the state (taxes, duties)

 

3,433

 

5.9

 

3,486

 

7.0

to creditors (interest expense)

 

4,344

 

7.4

 

4,070

 

8.1

to the Company (reserves)

 

9,671

 

16.6

 

4,365

 

8.7

Value added

 

58,364

 

100.0

 

49,953

 

100.0