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The formation of value added

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The reconciliation for accounting purposes between the audited consolidated financial statements and the Sustainability Report is to be found in the Value Added Statement. This enables the economic performance of operations to be measured, together with the A2A Group’s ability to create wealth for its stakeholders.
The model used to calculate Value Added and its distribution is based on that adopted by the Social Accounts Group (Gruppo per il Bilancio Sociale - GBS), suitably adapted to the Group’s situation.
In 2011 the Group generated Gross Global Value Added of 511 million euro, being the difference between revenues and intermediate costs and accessory and extraordinary items. The way this was calculated is summarised in the table below.

RECLASSIFIED INCOME STATEMENT (in millions of euro)

2009 2010 2011
+A) Production value 5,401 6,041 6,198
  Revenues from sales and services ( - revenue adjustments) 5,234 5,911 6,088
Changes in work in progress, semi-finished goods and finished goods 0 0
Changes in contract work in progress 20 12 8
Other revenues and income 147 118 102
Public entity grants 0 0 0
Revenues from unusual production 0  0 0
-B) Intermediate production costs 3,883 4,485 4,847

 

 

Raw materials and consumables 249 133 125
Energy and fuel 2,675 3,239 3,485
Services 742 789 811
Other operating costs 179 194 182
Accrual to bad debt provision 43 65 73
Accruals to provisions 10 41 35
Other accruals and write-downs 0 9 118
Other operating costs 23 47 43
Own work capitalised -38 -32 -25
GROSS ORDINARY VALUE ADDED 1,518 1,556 1,351
C) Accessory and extraordinary items -151 88 -840

+/- accessory items, net 133 89 -836
+/- extraordinary items, net -284 -1 -4
+/- share of profits/losses of associates 0 0 0
GROSS GLOBAL VALUE ADDED 1,367 1,644 511
- Operating depreciation and amortisation 361 427 415
NET GLOBAL VALUE ADDED 1,006 1,217 96