Environment & Commitment

Statement of value added

The statement of value added of Migros Group in the Retail and Industry sector shows the added value created for society by the Group.

The aim of the Group is to create a sustainable value added by striving for a future-oriented management of available resources that will safeguard the future of the business, secure jobs and guarantee public-sector contributions.

Net value added CHF 6'855 million

Value added statement in detail

Retail and industry sector 1
in CHF million
2019 2018
to employees 5'862 5'841
to culture/social (culture percentage) 118 120
to lenders 33 36
to public sector: 715 981
Taxes -191 80
Value-added taxes (net) 194 193
Customs duties/fees/fiscal charges 712 708
to the company (self-financing) 126 322
Net value added 6'855 7'300

1 Unaudited; before consolidation of transactions between the two sectors.

At 85.5%, personnel costs account for the lion's share of value added. They increased by 0.4% in comparison to the previous year, due to the wage increase of 0.5% to 1.0% granted at Migros Group as well as to changes in the scope of consolidation, namely acquisitions of companies on the one hand and disposals of companies on the other. The Retail and Industry sector has 104'536 employees (previous year: 105'103).

Contributions to Migros Culture Percentage, a voluntary commitment by Migros in the areas of culture, society, education, leisure and business, amounted to 1.7% (previous year: 1.6%) of the value added. They help make cultural and social benefits accessible to a broad public.

Lenders received 0.5% in the form of interest during the reporting year. The Group's unchanged sound financial situation coupled with the sustained low level of interest rates mean that there was no material change compared to the previous year.

The public sector received 10.4% (previous year: 13.4%) in taxes, customs duties and fees. The public sector has therefore received a lower level of contributions than in the previous year, due in particular to lower taxes as a result of the adoption on 19 May 2019 of the Federal Act on Tax Reform and OASI Funding.

The Group secures its continuation as a going concern and guarantees innovation by consistently aligning the value chain to dynamic market trends. Maintaining an adequate profit serves both to achieve this goal and to secure jobs and pass on goods and services to customers on fair terms and conditions.