As we opened more stores and served more guests in 2019, we generated PHP8.3 billion in economic value, a 9% increase from the previous year’s total value of PHP7.6 billion.
Payments to suppliers and other operating expenses
A total of PHP5.6 billion, a 9% increase from last year, was allocated for suppliers and other operating expenses in 2019. Procurement and operations continued to comprise a substantial portion of our investments, representing 67% of the total economic distribution.
Payments to employees
PHP1.3 billion was disbursed to PIZZA employees in 2019. The continued growth in our workforce resulted in the 5% increase in salaries, wages, and benefits expense.
Payments to providers of capital
The 36% increase in payments to providers of capital reflects the continuous flow of financial value to shareholders as our dividends and financial costs amounted to PHP465 million in 2019.
Payments to government
This year’s tax expense is at PHP267 million, resulting in a 4% increase from the PHP257 million worth of payments made to the government last year.
Economic value retained
Our economic value retained is at PHP688 million, or 8% of the PHP8.3 billion economic value we generated in 2019.