SUSTAINABLE DEVELOPMENT &
CORPORATE RESPONSIBILITY REPORT 2018

INDICATOR: 201-1

201-1

INDICATOR: 201-1

Direct economic value, including revenue, operating costs, employee wages, donations and other community-based investments, retained earnings and payments to capital providers and government agencies.

Please refer to the following: a. Generated economic value (direct)

  1. Distributed economic value (indirect)
  2. Held economic value = Generated economic value – Distributed financial value

Where it is important to refer to the country, region or level of market data and the criteria used to determine materiality.

References

 

In 2018, the Group’s turnover was €9,769 million (2017: €7,995 million) and the social product amounted to €1.7bn (2017: €1.7bn) distributed as follows:

  • €235 mil. to staff (salaries and social benefits)
  • €50 mil directly to the Greek State through direct taxes and insurance contributions, as well as €1.3 bn of indirect taxes (excise duties, VAT) collected and delivered to the Greek State
  • € 151 million to the shareholders in the form of a dividend
  • €6.68 mil. to society through Corporate Social Responsibility initiatives

Employees’ remuneration and benefits:

  • Group payroll € 196,788,292
  • Payroll taxes € 44,556,105
  • Insurance contribution € 46,148,211
  • Employees’ insurance plan € 4,991,540
  • Employees’ pension plan € 7,800,871
  • Staff commuting € 4,943,036
  • Food provisions (on-site)  € 5,431,084
  • School allowance € 288,900
  • Employees’ university studies allowance € 209,348
  • Support to employees’ family members with special needs € 73,326
  • Wedding/birth/death allowance € 98,530
  • Crèche allowance € 456,134
  • Employees’ children camping € 283,396
  • Awards to top students € 329,365
  • Vouchers/gifts for Easter & Christmas € 2,242,600
  • Company cars € 1,675,634
  • Other benefits € 2,587,114

PAYMENTS IN COUNTRY PER COMPANY AND PAYMENT:

EMPLOYEE INSURANCE COSTS REMUNERATION TAX COSTS REMUNERATION EXPENSES OTHER FEES & BENEFITS
ΕΚΟ BULGARIA 203,630 € 92,771€ 852,892€ 381,098€
EKO SERBIA 280,001€ 133,120€ 656,458€ 122,415€
JUGOPETROL 654,442.86€ 190,193.65€ 1,250,923.91€ 414,453€
OKTA 1,224,809€ 293,793€ 3,177,936€ 1,165,521€,
HP CYPRUS 425,837€ 481,187€ 4,600,450€ 733,627€

 

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