2023 Sustainability
Report

INDICATOR: 11.14.2

201-1

INDICATOR: 11.14.2

Direct economic value generated and distributed

Direct economic value generated and distributed
Generating economic value
Amounts in 000′ 2023 2022
1 Direct economic value generated
Revenue 12,803,061 14,508,068
Total 12,803,061 14,508,068
2 Economic value generated
Operating Cost 11,713,874 12,831,368
Employee wages and benefits 362,058 318,816
Payments to providers of capital 356,023 409,097
Total 12,431,955 13,559,281
3 Payment to government by country
Greece 118,107 518,466
Montenegro 1,122 2,055
Bulgaria 488 552
Serbia 348 208
Cyprus 1,851 1,911
North Macedonia 458 1,169
UK 1,075 1,643
Albania 0 0
Community investments 20,898 11,759
Total 144,348 537,763
(4) = (1) -(2) -(3) Economic value retained 226,758 411,024

 

Indicative costs of remuneration and benefits for Group staff:

  • Payroll expenses €241,406,877
  • Payroll tax expenses €51.076.616
  • Insurance contributions €48,650,276
  • Employee insurance plan €6,492,486
  • Employee pension plan €12,017,010
  • Transfer of employees €5,052,762
  • Food €5,759,937
  • School aid €375,919
  • University study grant for employees €209,092
  • Financial support to family members with disabilities €6,911
  • Financial support to persons with serious health problems €134,274
  • Marriage/birth/death allowance for a relative of an employee €126,876
  • Nursery allowance €1,089,836
  • Camps for employees’ children €205,764
  • Awards for outstanding/achieving children of employees €129,650
  • Vouchers/Easter gifts & Christmas €2,855,704
  • Company cars €2,014,276
  • Corporate credit cards €59,816
  • Other related benefits €3,796,572

 

Payments to government by country and by type of payment:

EMPLOYEE INSURANCE COSTS REMUNERATION TAX COSTS REMUNERATION EXPENSES OTHER FEES & BENEFITS
HELLENiQ ENERGY €1,179,097 €3,636,031 €15,105,841 €2,395,616
HELLENIC PETROLEUM RSSOPP1 €35,088,530 €35,980,255 €165,660,760 €29,925,974
EKO2 €6,078,966 €6,036,563 €28,281,640 €2,306,242
DIAXON €1,271,219 €929,314 €5,739,042 €560,792
ASPROFOS €1,296,723 €1,705,107 €6,232,059 €900,647
HELLENiQ UPSTREAM €269,472 €364,940 €1,765,854 €229,073
HELLENIQ ENERGY CONSULTING €620,958 €590,898 €3,101,479 €490,841
HELLENiQ RENEWABLES3 €114,329 €103,535 €566,497 €90,119
ELPEFUTURE €31,755 €34,101 €157,873 €26,196
HELLENiQ ENERGY DIGITAL €172,923 €157,089 €808,205 €111,686
EKO BULGARIA €229,874 €170,554 €1,824,953 €535,369
EKO SERBIA €211,785 €170,921 €1,688,310 €198,650
JUGOPETROL €213,169 € 214,249 €2,324,205 €318,670
OKTA €1,178,451 €272,270 €3,177,195 €1,331,738
EKO CYPRUS €693,025 €710,789 €4,972,964 €905,273

1The employees of VARDAX S.A. are counted.
2The employees of KALYPSO KEA S.A. and ELPET BALKANIKI are counted.
3The employees of HELLENiQ RENEWABLES WIND FARMS OF EVIA S.A., WIND FARMS SAGIAS S.A.and HELLENiQ RENEWABLES WIND FARMS OF MANI S.A. are counted.

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