Value Added
Economic Value Added (EVA)
Economic Value Added is measure of a company's financial performance that is based on the residual wealth calculated by deducting the cost of capital from its operating profit (adjusted for taxes on a cash basis). Also called economic profit. The formula for calculating EVA is as follows: EVA = Net Operating Profit after Taxes (NOPAT) - (Capital × Cost of Capital).
| in CHF mn | 2009 | 2010 |
| Source of value-added | ||
| Corporate performance (Net sales) | 4 155 | 4 416 |
| Intermediate Inputs | -2 676 | -2 908 |
| Gross value-added | 1 479 | 1 508 |
| Expenses not affecting liquidity | ||
| Depreciation and amortization | - 139 | - 138 |
| Change in provisions | - 42 | 23 |
| Net value-added | 1 298 | 1 393 |
| Distribution of value-added | ||
| To employees | ||
| Wages and salaries | 769 | 775 |
Social charges | 185 | 179 |
| To governments (capital and income taxes) | 90 | 93 |
| To lenders (financial expenses) | 28 | 35 |
| To shareholders (dividend payout, incl. minority interests) | 112 | 112 |
| To the company | ||
| Net profit for the year | 226 | 311 |
| less dividend payout | - 112 | - 112 |
| Net value-added | 1 298 | 1 393 |
| Number of employees | ||
| End of year | 12 369 | 13 482 |
| Annual average | 12 635 | 12 926 |
| Net value-added per employee (in CHF 1 000) | 103 | 108 |