Direct economic value generated and distributed

As the Group’s operations generate value for its stakeholders, the wealth created and the consequent allocation of revenue by stakeholder group is demonstrated by the direct economic value generated and distributed.

By examining the numbers presented in this section it can be seen that some economic value is retained, which is used to further develop the business. We endeavour to boost the value generated and distributed and hence increase our contribution to society. For this reason, we strive to ensure that our actions are taken with integrity when it comes to information disclosure.

In 2020 the value generated by EVRAZ amounted to US$ 9,782 million, the value distributed US$ 9,346 million, and the value retained US$ 436 million. In accordance with GRI recommendations for Disclosure 201–1, the audited IFRS Financial Statements of the Group were used to prepare the table below.

EVRAZ’s direct economic value generated and distributedInformation from the audited IFRS Financial Statements of the Group was used to prepare Disclosure 201–1 in accordance with the GRI recommendation. Data are presented on an accrual basis., US$ million
GRI 201–1
Item Stakeholder 2020
Direct economic value generated 9,782
Revenue from the sale of goods A wide variety of stakeholders 9,514
Revenue from providing services 240
Revenue from financial investments 6
Other operating income 22
Economic value distributed (9,346)
Operating expenses Suppliers and contractors (6,244)
Wages and other payments to employees Employees (1,320)
Payments to providers of capital Shareholders and investors (1,172)
payments to shareholders (872)
payments to creditors (300)
Payments to the government Government authorities (579)
including income tax expenses (579)
Community investments Local communities (31)
Economic value retained 436