In 2018, we generated a total of PHP7.64 billion in economic value, a 9% improvement from last year’s PHP7.04 billion. This growth is attributed to the increasing number of guests that we serve.
Payments to suppliers and other operating expenses
We invest most in our procurement and operations. This is reflected in how 67% of our total economic distribution is allocated to suppliers and other operating expenses. The total amount equals PHP5.15 billion, a 10% increase from last year.
Payments to employees
We disbursed a total of PHP1.22 billion to our employees in 2018. The 7% increase in salaries, wages, and benefits expense is due to the growing workforce of PIZZA.
Payments to providers of capital
Our dividends and financial costs amounted to PHP342 million this year. We continue to create shareholder wealth with this 4% increase in payments to our providers of capital.
Payments to government
Our current tax expense is PHP257 million, almost similar to last year’s amount of PHP258 million.
Economic value retained
Of the PHP7.64 billion economic value we generated in 2018, we retained PHP672 million which is equivalent to 9% of the whole.