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Value added
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- Value added
Value added
The value added statement on the next page shows Fresenius’ total output in 2012 less purchased goods and services and less depreciation and amortization. The value added of the Fresenius Group reached €9,895 million (2011: €8,245 million). This is an increase of 20% over 2011. The distribution statement shows that, at €6,732 million or 68%, the largest portion of our value added went to our employees. Governments came next with €839 million (8%) and lenders with €666 million (7%). Shareholders received €196 million and noncontrolling interests €806 million. The Company retained €656 million for reinvestment.
VALUE ADDED STATEMENT
| € in millions | 2012 | % | 2011 | % |
|---|---|---|---|---|
| Creation | ||||
| Company output | 19,318 | 100 | 16,628 | 100 |
| Materials and services purchased | 8,647 | 45 | 7,709 | 46 |
| Gross value added | 10,671 | 55 | 8,919 | 54 |
| Depreciation and amortization | 776 | 4 | 674 | 4 |
| Net value added | 9,895 | 51 | 8,245 | 50 |
| Distribution | ||||
| Employees | 6,732 | 68 | 5,555 | 67 |
| Governments | 839 | 8 | 731 | 9 |
| Lenders | 666 | 7 | 531 | 7 |
| Shareholders | 196 | 2 | 155 | 2 |
| Company and noncontrolling interest | 1,462 | 15 | 1,273 | 15 |
| Net value added | 9,895 | 100 | 8,245 | 100 |
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Financial management policies and goals
Financial management policies and goals