- BASF Group’s financial contribution to private and public income
- Increase of 49.3% compared with 2009 to €16.7 billion
- Largest share distributed to employees
The value added statement explains the BASF Group’s contribution to private and public income and shows how BASF’s economic activities provide value to society.
Value added results from the company’s business performance minus goods and services purchased as well as depreciation and amortization. In contrast to the income statement, which is based on the owner’s perspective, the distribution statement takes into account the stakeholders in this value-adding process, such as employees, shareholders or the state.
BASF Group’s value added amounted to €16,658 million in 2010. This was an increase of 49.3% in comparison with the previous year. The rise was primarily attributable to the increase in the business performance.
The greatest share of value added was distributed to our employees, who received €8,228 million in the form of wages, salaries and social benefits. In addition, a significant share of value added was distributed to the state in the form of taxes. This amounted to €2,583 million in 2010 compared with €1,662 million in the previous year.
In 2010, BASF spent a total of €50 million on donations, sponsoring and funding for our own projects, compared with €48 million in 2009. This amount is reported in “other expenses.”
Use of value added
- €8,228 million for employees
- €2,583 million for taxes
- €50 million for social commitment
- €4,557 million available to be paid as a dividend to BASF SE shareholders or retained
Value added statement BASF Group 2010