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We firmly believe that sustainable business
development largely depends on the fair distribution
of the created value between the groups of
stakeholders. It is our understanding that as a
leader in the telecom market we create value for our
employees, shareholders, investors and suppliers as
well as to society as awhole. We are confident that our
core competences and expertise enables us to work in
a way that addresses public needs, while supporting
social causes and generating benefits for the business.
We believe in a developed society where
telecommunications
technology
enriches
life,
enhances day-to-day business and plays an important
role. Therefore, we distribute the created value
seeking for positive outcomes on wider base in the
society.
Value Distribution
DISTRIBUTED TO STAKEHOLDERS
Employees
100
100
200
200
300
300
400
400
500
500
600
600
0
0
Financial institutions and
investors
Public authorities
Suppliers
427.2
446.9
Community investments
and sponsorships
-
-
Community investments
and sponsorships
Reinvested in the company
629.6
641.7
ANNUAL REVENUE
889.5
948.0
(BGN million)
(BGN million)
2017
2018
Capital expenditures for
acquisition of assets
DISTRIBUTED TO STAKEHOLDERS
Employees
Financial institutions and
investors
Public authorities
Suppliers
Community investments
and sponsorships
Community investments
and sponsorships
Reinvested in the company
Capital expenditures for
acquisition of assets
ANNUAL REVENUE
102.6
57.0
6.0
36.8
107.6
40.4
42.3
4.3
187.0
181.0
2. STRATEGY, VALUE CREATION
AND DISTRIBUTION
ANNUALREPORT
2018
INTEGRATED
36
37