Division 23) Variable 250401: Value added

Value added is a composite indicator of net operating income, adjusted for depreciation, amortization and employee benefits, all components being recognized as such by the statistical unit during the reference period. Its value is given by the formula:

• + Net turnover

• + Income from product- or turnover-related subsidies

• + Capitalized output

• ± Change in stock of goods

• – Total purchases of goods and services.