ECONOMIC VALUE CREATION
Economic Value Generated
In total, our company generated an economic value of PHP41.1 billion in 2019. This is a 7% increase from 2018, driven by continued growth in sales.
Payments to Suppliers and Other Operating Expenses
Majority of our economic value, around 85%, was allocated to procurement, production, and manufacturing costs.
Payments to Employees
The increase in workforce needed to support our expanding business pushed up the allotment for employees’ salaries, wages, and benefits to PHP1.3 billion, accounting for 3% of our total economic value. This translates to a 13% growth over the previous year.
Payments to Government
Our contribution to the government through current taxes reached PHP1.0 billion in 2019.
Payments to Providers of Capital
Our dividends paid and finance costs amounted to PHP1.0 billion, increasing by a hefty 21% as we continue to provide shareholder value.
Economic Value Retained
Around 8% of the PHP41.1 billion economic value we generated this year is retained for investments in future growth.