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 million 2014 2015
     
Source of value-added    
Corporate performance (Net sales) 5,571 5,489
Intermediate Inputs -3,691 -3,572
Gross value-added 1,880 1,917
Expenses not affecting liquidity    
  Depreciation and amortization -165 -164
  Change in provisions 0 2
Net value-added 1,715 1,755
Distribution of value-added    
To employees    
  Wages and salaries 894 900

  Social charges

205 212
To governments (capital and income taxes) 149 157
To lenders (financial expenses) 26 22
To shareholders (dividend payout, incl. minority interests) 146 183
To the company    
Net profit for the year 441 465
  less dividend payout -146 -183
Net value-added 1,715 1,755
Number of employees    
End of year 16,895 17,281
Annual average 16,594 17,088
Net value-added per employee (in CHF 1 000) 103 103