Electrolux 1996 Annual Report Download - page 51

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Statement of added value
Added value represents the contribution made by a company’s production, i.e. the increase in value arising from manufacture, handling,
etc. within the company. It is defined as sales revenues less the costs of purchased goods and services.
Sales revenues for the Electrolux Group in 1996 totalled SEK 110,000m (115,800). After deduction of purchases of goods and services,
the value added by the Group amounted to SEK 35,309m (36,766), a decrease of –4% (+6) from the previous year. During the past five
years, added value has increased at an average annual rate of 5.8% (4.3).
In 1996, SEK 5,536m (6,298) of the value added remained within the Group and was utilized among other things for capital expendi-
ture as well as product development and marketing. Dividend payments to shareholders accounted for 3% (2) of added value in 1996, or
3% (3) of the Group’s total payroll costs.
The added value generated within the Group over the past two years and its distribution are shown in the tables below.
1996 per
1996 employee, 1995
CALCULATION OF ADDED VALUE SEKm % SEK ’000 SEKm %
Sales revenues 110,000 100 981 115,800 100
Cost of purchased goods and services –74,691 – 68 –665 –79,034 – 68
Added value 35,309 32 316 36,766 32
1996 per
1996 employee, 1995
DISTRIBUTION OF ADDED VALUE SEKm % SEK ’000 SEKm %
To employees
Wages and salaries 20,249 58 181 20,788 57
Employer contributions 6,174 17 55 6,260 17
26,423 75 236 27,048 74
To State and municipalities
Taxes 1,237 3 11 1,210 3
To credit institutions
Interest, etc. 1,198 3 11 1,295 4
To shareholders
Dividend payments (1996: Proposed) 915 3 8 915 2
3,350 9 30 3,420 9
Retained in the Group
For wear on fixed assets (depreciation) 4,438 13 40 4,407 12
Other 1,098 3 10 1,891 5
5,536 16 50 6,298 17
Added value 35,309 100 316 36,766 100
47
Electrolux Annual Report 1996