(€k)20152014
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