Page 23 - SUSTAINABILITY REPORT 2016

GOVERNANCE 23

2 Added Value was calculated for the Added value The breakdown of Added Value is as
Costa Crociere Group using the continuing follows: ToTAL ADDED VALUE 11/30/2016 11/30/2015 11/30/2014
operation principle.
In 2016 the net Added Value produced 37.7% for employees’ salaries, wages
2
by the Costa Crociere Group amounted and social contributions A - Value of production 3,533,837,769.50 3,397,757,751.05 3,325,730,760.88
to 1,554 million euros, a 12.9% year-on- 1.1% for the State and Public 1. Revenues from sales and services 3,478,528,482.49 3,348,790,624.99 3,262,399,781.86
year increase due mainly to the higher Administrations in the form of 4. Other 55,309,287.01 48,967,126.06 63,330,979.62
revenue from cruise sales and to the income tax paid by Group revenues from typical production 3,533,837,769.50 3,397,757,751.05 3,325,730,761.48
lower intermediate production costs as companies B - Intermediate production costs 1,983,606,367.36 1,991,055,787.28 2,024,042,246.91
well as to the improvement in the balance 38.8% for shareholders in the form 6. Consumption of materials 543,828,343.15 575,022,416.78 641,308,781.01
of additional and extraordinary items. of dividends 7. Costs for services 1,388,882,083.36 1,366,545,867.73 1,290,165,102.01
21.6% for Company growth by means 8. Leases and rentals 13,419,663.93 13,750,518.38 51,090,129.92
of reinvestment of a portion of 10. Other accruals 8,291,743.23 8,130,327.34 7,444,607.06
0.1% net income (including 0.1% 11. Other operating charges 29,184,533.69 27,606,657.05 34,033,626.91

COMMUNITY set aside for the Legal Reserve
37.7% and 21.5% for depreciation of CUrrENT groSS 1,550,231,402.14 1,406,701,963.77 1,301,688,514.57
EMPLOYEES’ 1.1% ADDED VALUE
WAGES, ETC. ALLOCATION PUBLIC technical and intangible fi xed
OF ADMINISTRATION assets used in the production C - Additional and extraordinary items
0.8% ADDED VALUE
LENDERS process) 12. +/- Balance of additional items 4,696,569.16 -11,385,892.27 46,992.63
0.8% for lenders remunerated by Additional (revenues)/costs 4,696,569.16 -11,385,892.27 46,992.63
38.8% 21.6% means of fi nancial charges 13. +/- Balance of extraordinary items -978,917.93 -18,308,671.74 3,342,644.64
SHAREHOLDERS’ REINVESTMENT 0.1% for the community by means of
DIVIDENDS ADDED VALUE 1,553,949,053.37 1,377,007,399.76 1,305,078,151.84
initiatives in support of
organizations and associations