UK COMPANIES have something to teach their counterparts elsewhere in Europe about wealth creation, the Department of Trade and Industry's (DTI) annual audit has found. Results of this year's Value Added Scoreboard have strongly followed the trend seen last year, where UK wealth creation increased by an unprecedented amount. Compiled by DTI industrialist Dr. Mike Tubbs, the Scoreboard ranks the top 700 European companies and the top 800 UK companies by value added or wealth created, giving a measure of how efficiently they use their assets and how sustainable this performance is. Value added is specifically defined as the difference between sales and the cost of bought-in materials, components and services. The data is extracted directly from audited company annual reports and accounts.
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