Electrolux 1997 Annual Report Download - page 53

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49
Electrolux Annual Report 1997
Statement of added value
1997 per
1997 employee, 1996
CALCULATION OF ADDED VALUE SEKm % SEK ’000 SEKm %
Total revenues 113,000 100 1,067 110,000 100
Cost of purchased goods and services –80,023 –71 –756 –74,691 – 68
Added value 32,977 29 311 35,309 32
1997 per
1997 employee, 1996
DISTRIBUTION OF ADDED VALUE SEKm % SEK ’000 SEKm %
To employees
Salaries 19,883 60 188 20,249 58
Employer contributions 6,185 19 58 6,174 17
26,068 79 246 26,423 75
To State and municipalities
Taxes 944 3 9 1,237 3
To credit institutions
Interest, etc. 1,422 4 13 1,198 3
To shareholders
Dividend payments (1997: Proposed) 915 3 9 915 3
3,281 10 31 3,350 9
Retained in the Group
For wear on fixed assets (depreciation) 4,255 13 40 4,438 13
Other –627 –2 –6 1,098 3
3,628 11 34 5,536 16
Added value 32,977 100 311 35,309 100
Added value represents the contribution
made by a company’s production, i.e. the
increase in value arising from manufac-
ture, 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 1997 totalled SEK 113,000m
(110,000). After deduction of purchases
of goods and services, the value added
by the Group amounted to SEK
32,977m (35,309), a decrease of
7% (–4) from the previous year. The
decrease refers mainly to the provision
for the restructuring program. During
the past five years, added value has
increased at an average annual rate
of 4.5% (5.8).
In 1997, SEK 3,628m (5,536) of
the value added remained within the
Group and was utilized among other
things for capital expenditure as well
as product development and marketing.
Dividend payments to shareholders
accounted for 3% (3) of added value
in 1997, or 4% (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.