1

Distribution of added value


Remuneration of staff


2013 - Consolidated2014 - Consolidated2015 - Consolidated
Employees20,528,41023,577,52526,330,861

Remuneration of Public Administration


2013 - Consolidated2014 - Consolidated2015 - Consolidated
Remuneration of Public Administration4,254,3654,865,9243,608,871
Direct taxes3,799,592.184,404,181.993,034,145.10
Indirect taxes454,772461,742574,726

Remuneration of loan capital


2013 - Consolidated2014 - Consolidated2015 - Consolidated
Remuneration of loan capital741,445848,0121,678,626
Charges for short, medium and long - term capital741,445.75848,012.261,678,626.62

Remuneration of risk capital


2013 - Consolidated2014 - Consolidated2015 - Consolidated
Remuneration of risk capital1,250,0001,250,000
Dividends paid out1,250,0001,250,000

Remuneration of the company


2013 - Consolidated2014 - Consolidated2015 - Consolidated
Remuneration of the company12,198,2529,172,9057,838,199
+/- Changes in net equity for the period5,457,0006,024,0003,068,000
+/- Net change in final net equity6,741,2523,148,9054,770,199

Donations


2013 - Consolidated2014 - Consolidated2015 - Consolidated
External donations (only Valagro SpA)69,25588,722306,585

Total gross added value


2013 - Consolidated2014 - Consolidated2015 - Consolidated
Total gross added value37,791,72739,803,08941,013,143
2

Total added value


Value of production


2013 - Consolidated2014 - Consolidated2015 - Consolidated
1) Revenues from saves and services
Revenues from saves and services in Italy17,649,78418,252,61820,318,368
Revenues from saves and services abroad72,346,33079,082,69086,206,842
Revenues adjustments- 1,276,683- 1,513,426- 1,669,737
2) Changes in inventory for in progress, semi-finished and finished products (and goods)3,421,438816,994688,996
3) Changes in work in progress on order
4)Other revenues and income1,110,0231,012,4781,477,839
Operating revenues93,250,89396,017,365105,644,311

External production cost


2013 - Consolidated2014 - Consolidated2015 - Consolidated
External production cost- 55,722,679- 55,585,754- 64,266,781

Gross ordinary added value (A - B)


2013 - Consolidated2014 - Consolidated2015 - Consolidated
Gross ordinary added value (A - B)37,518,21440,431,61241,377,530

Ancillary and extraordinary components


2013 - Consolidated2014 - Consolidated2015 - Consolidated
+/- Balance of ancillary management
Ancillary revenues638,209421,146494,611
- Additional expenses- 571,787- 807,011- 935,657
+/- Balance of extraordinary management
Extraordinary revenues404,273580,607825,826
- Extraordinary expenses- 207,182- 823,166- 749,166

Total gross added value


2013 - Consolidated2014 - Consolidated2015 - Consolidated
Total gross added value37,791,72739,803,08941,013,143