Breakdown of Added Value

The value added through the activities of the Company and distributed to its various stakeholders totaled $7,110 million in 2014, equivalent to 22% of revenues (in line with 2013).

DIRECT ECONOMIC VALUE GENERATED(a)

($million in IFRS)2014
Consolidated 2014 revenues 32,957
Income of financial services companies (1,015)
Government grants (current and deferred/capitalized), release of provisions, other income 211
Other income 1,106
Direct economic value generated 33,259
Cost of materials (23,053)
Depreciation and amortization (1,560)
Other expenses (1,536)
Value added 7,110

(a) Figures prepared in accordance with International Financial Reporting Standards (IFRS)

BREAKDOWN OF VALUE ADDED

BREAKDOWN OF VALUE ADDED

GRI: 
G4-EC1