We were able to generate a total of PHP38.4 billion in economic value for 2018, a 17% increase from last year. This is attributed to the growth in sales of our products.
Payments to suppliers and other operating expenses
Procurement, production, and manufacturing costs covered most of our economic value distribution at 87%.
Payments to employees
Employee salaries, wages, and benefits amounted to PHP1.2 billion in 2018, which is 3% of our total economic value. This amount presents an increase of 22% from 2017 due to the growth in our workforce.
Payments to government
Our current tax expense is PHP906 million.
Payments to providers of capital
We continue to provide shareholder value as our dividends paid and finance costs increased by 12% from last year, amounting to PHP834 million in total for 2018.
Economic value retained
Of the PHP34.8 billion economic value that we generated this year, 6% is retained by the company.