Distribution of Acea’s added value

in

The economic value directly generated by the Group in 2011, including the revenues which derive from both the core business and financial operations (financial income, income from equity investments, etc.), amounts to Euro 3,623.7 million, in line with the Euro 3,605.4 million in 2010.

The distribution of this value to the stakeholders is broken down as follows: 71% to the suppliers under the form of operating costs; 12.7% as resources reinvested in the company system; 7.8% in terms of remuneration for human resources; 6% to the shareholders and financial backers under the form of interest and dividends; 1.8% to public administration authorities29 as the tax liability for the year and 0.1% to the Community, under the form of donations and sponsorships of events and manifestations.

Table No. 11 – ECONOMIC VALUE DIRECTLY GENERATED AND DISTRIBUTED (2010-2011)

(in millions of Euro) 2010 2011
total economic value directly generated  3.605,4 3.623,7
distribution to the stakeholders    
operating costs (suppliers) 2.667,5 2.594,4
human resources 274,9 280,6
shareholders and financial backers 163,3 217,9
public administration authorities 85,4 65,6
the community 5,5 5,6
the company 408,8 459,6

Table No. 12 - BREAKDOWN OF THE VALUE GENERATED BY STAKEHOLDER (2010-2011)

(%) 2010 2011
suppliers 74% 71.6%
human resources 7.6% 7.8%
shareholders and financial backers 4.5% 6%
public administration authorities 2.4% 1.8%
the community 0.1% 0.1%
the company 11.4% 12.7%

29 L’importo versato alla pubblica amministrazione al netto dei contributi pubblici statali e regionali che riceve Acea da tale stakeholder è di 55 milioni di euro.