(€k) | 2015 | 2014 |
---|---|---|
Economic value generated by the Group | 4,928,251 | 4,564,895 |
Revenues and other operating proceeds | 4,941,841 | 4,570,319 |
Financial revenues | 1,858 | 2,103 |
Value adjustments of financial activities | (1,003) | 2,977 |
Bad debt | (1,724) | (370) |
Impairment loss of tangible and intangible assets | (12,721) | (10,134) |
Distributed economic value | 4,663,015 | 4,346,184 |
Re-classified operating costs* | 3,093,457 | 2,939,279 |
Employee salaries and wages | 1,420,510 | 1,283,496 |
Compensation due to Shareholders and lenders | 84,706 | 58,367 |
Compensation due to public administration | 60,110 | 61,067 |
Gifts and donations* | 4,232 | 3,975 |
Economic value retained by the Group | 265,236 | 218,709 |
Amortization | 211,601 | 187,465 |
Allocations | 20,010 | 6,137 |
Reserves | 33,625 | 25,107 |