2003 Social Report - PDF file - Unipol

ADDED VALUE
SECTION II – ADDED VALUE
Added Value is the aggregate derived from the balance sheet comprising the
difference between production value (premiums and equity/fi nancial earnings)
and insurance costs and the costs of acquiring goods and services. It repre-
sents the wealth created by the company by means of its activity. The analysis
of the Added Value is an objective assessment of the social impact of a busi-
ness. For Unipol Assicurazioni Added Value as at 31/12/2002 was €549.9m.
Distribution of Added Value
The distribution prospectus
shows Added Value as the sum
of the remuneration of internal
and external interlocutors. This
points out the impact on each
group of interlocutors (share-
holders, employees, etc.).
DISTRIBUTION OF ADDED VALUE
year 2000 year 2001 year 2002
Amount % Amount % Amount %
Staff 62.8 15.2 68.1 14.4 72.6 13.2
Agents 206.2 49.9 214.4 45.3 230.3 41.9
Providers of services 33.1 8.0 34.2 7.2 43.6 7.9
State bodies 47.6 11.5 54.8 11.6 75.1 13.7
Shareholders 38.2 9.2 48.8 10.3 56.9 10.3
Company assets 21.4 5.2 34.4 7.3 46.2 8.4
Financial partners 3.3 0.8 17.5 3.7 24.1 4.4
Local communities 0.7 0.2 0.9 0.2 1.1 0.2
Added value 413.3 100 473.1 100 549.9 100
Figures in € million
[ Unipol Assicurazioni | Social Report 2003 – Edition Summary ] 25