经济增加值计算表

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经济增加值(eva)计算方式 (四)(Economic value added (EVA) calculation (four))

经济增加值(eva)计算方式 (四)（Economic value added (EVA)calculation (four)）Next, the calculation method of economic value added is introducedThe calculation model of EVA is given below.Computational model of 1 and EVAEconomic value added = net operating profit after tax - cost of capital= net operating profit after tax - total capital * weighted average cost of capitalAmong them:Net operating profit after tax net profit after tax interest expense + = + + minority income this year amortization of goodwill + deferred tax credit balances increase reserve balances increased + + other capitalized research and development costs, capitalized research and development costs in the years of amortizationTotal capital = common equity + minority interests + deferred tax credit (debit balance is negative) + + (cumulative amortization of goodwill reserve inventory impairment provision for bad debts, etc.) + + + capitalization amount of short-term loans for research and development costs of long term loan + short-term long-term loans due in partWeighted average cost of capital = Unit equity capital cost + unit debt capital cost.2, adjustment of statements and accounts.Because the financial statements prepared by the accounting standards reflect partial distortion of the performance of the company, when calculating the economic value added, it is necessary to adjust the processing methods of some accounting statements and subjects.Stern Stewart lists more than 160 financial advisers may need to adjust the accounting items, including inventory costs, restructuring costs, marketing costs, taxes, intangible assets, currency devaluation, debt reserve, restructuring costs and amortization of goodwill etc.. However, in the investigation of specific enterprises, a general enterprise involved in the adjustment of subjects not more than 15. But since EVA is a registered trademark of Stern Stewart financial advisors, its specific accounts, adjustments and operations are not yet publicly available.(1) capital cost of unit debt;The capital cost of the unit debt refers to the after tax cost, and the formula is as follows:After tax, unit debt, capital cost = pre tax unit debt, capital cost * (corporate income tax rate)The liabilities of Listed Companies in China are mainly bank loans, which is different from the large amount of short-term bills and long-term bonds issued by foreign listed companies. Therefore, the bank loan interest rate can be used as the unit debt capital cost.According to the relevant research, the short-term debt of Listed Companies in China accounts for more than 90% of the total debt. As the bank lending rate in China has not yet been released, the loan interest rates of different companies are basically the same. Therefore, the people's Bank of China announced the availability Chinese one-year liquidity loans as the tax unit cost of debt capital, and according to the Central Bank of the weighted average interest rate. In fact, there are some differences in the lending rates of different companies, which can be adjusted according to their own circumstances.(2) capital cost per unit share;The cost of unit equity capital is the opportunity cost of common shares and minority shareholders. Usually according to the capital asset price model, the calculation formula is as follows:Common stock unit cost of capital = risk-free return + risk premium of beta * * * market portfolioAmong them, the risk-free rate of interest rates can be used for 5 years of bank deposits internal rate of return.Foreign countries generally use treasury income as a risk-freeincome statement, and the market of China's circulation treasury bonds is small, and the risk-free investment of residents is dominated by bank deposits, so the internal rate of return of the 5 year bank deposits instead. With the development of the national debt market, Treasury yields will be the benchmark in the future.The beta coefficient reflects the company's shares compared to the whole market (usually with the stock market index to replace) system risk, beta coefficient is larger, indicating that the stock relative to the whole city the higher the risk, the greater the volatility.The beta value can be calculated by the return of the company's stock return on the same period of the stock market index (SSE Composite Index).The risk premium of the market portfolio reflects the premium of the whole stock market relative to the risk-free return rate. At present, some scholars have decided that the market risk premium of our country will be 4%.(3) research and development costs and market development costs;Current accounting regulations,The company must, during the year of research and development expenses and market development expenses, write off the expenses once. This approach actually denies the key role of the two costs in the future growth of the firm, and equates itwith the usual period cost.An important drawback of this approach is that it may induce operators to reduce their investment in these two costs, particularly in the years of poor efficiency and the early years when managers are about to retire. Research in the United States shows that when managers are approaching retirement, the growth rate of research and development costs has indeed declined.In the EVA system, research and development costs are a long-term investment by the company and will help companies improve their productivity and performance in the future. The market development costs, such as large advertising costs, have a profound impact on the company's future market share, and also belong to long-term assets.The adjustment in calculating economic value added is the capitalization of research and development costs and market development costs. The current research, development costs and market development costs will be added to the assets as a long-term investment of the enterprise. At the same time, according to the principle of double entry bookkeeping, the total amount of capital will increase by the same amount. Then, according to the specific circumstances, in a few years to carry out amortization, amortization value included in the current cost deduction profits. The amortization period is usually between 3 and 8 years, depending on the nature of the company and the expected effect of the input.According to statistics, the average effective time of research and development costs of American companies is 5 years. Afterthe adjustment, the company investment in research and development costs and marketing costs are not in the current verification, but amortization, which does not have a negative impact on the short-term performance of operators, encourage operators to carry out research and development and market development, for the long-term development of enterprises enhanced strength.(4) GoodwillWhen a company buys another company for accounting purposes, goodwill is formed when the purchase price exceeds the total amount of the net assets of the acquired company.According to China's enterprise accounting standards, goodwill as intangible assets are shown on the balance sheet and amortized over a certain period of time. The drawback of this treatment lies in:First, the cause of goodwill is mainly related to acquired company's product brand, reputation, market position and so on. These are approximate permanent intangible assets and should not be amortized;Second, the amortization of goodwill as period cost will offset the current profits, affect the short-term performance of operators, this situation is particularly evident in the acquisition of high-tech company, because the company's market value is much higher than the net assets. But in fact, the operators do not show any business failures, and the decrease in profits is only caused by accounting problems. Influence onAccounting net profit and the results will induce management in evaluating acquisition projects first consider acquisitions, rather than first consider whether the merger will create above the cost of capital gains, to create value for shareholders.When calculating the economic value added, the goodwill is not amortized.Specifically, due to the financial statements of goodwill has been amortized, the adjustment will be added to the amount of accumulated amortization of previous total capital, at the same time, the calculation of current amortization is added back to net operating profit after tax.Thus, profits are not affected by the amortization of goodwill and encourage managers to carry out merger activities which are beneficial to the development of enterprises.(5) strategic investmentEVA takes special accounting treatment of strategic investment, similar to the accounting treatment of "under construction projects" adopted by electric power companies. Put the investment on hold in a temporary account and calculate that the EVA does not consider the funds on the temporary account before the investment brings profits. In the meantime, the cost of the funds on the temporary account is simply accumulated, reflecting the total opportunity cost of the investment, including the accumulated interest. When the investment begins to generate net operating profit after tax, the cost of the funds on the temporary account is also considered.This approach extends the manager's vision and encourages him to consider long-term investment opportunities.From the development of enterprises, especially for the real potential for the development of high-tech enterprises in the strategic investment stage, with profit accounting business, often operating losses; in the development stage of strategic investment business or centralized, simple to negative profits to evaluate business performance, short term bias is not objective the. The use of EVA accounting methods, the loss of this profit has been transferred to the assets of the party, the formation of its assets may be market development and brand cultivation investment.(6) deferred taxationWhen the company adopts the tax impact accounting method for income tax accounting, the amount of income tax affected by the time difference between pre tax accounting profits and taxable income shall be calculated separately as deferred tax.The largest source of deferred tax is depreciation. Many companies use straight-line depreciation when calculating accounting profits, while accelerated tax depreciation is used when calculating taxable income, resulting in a time difference between the recognition of depreciation expenses. Under normal circumstances, the result is that the taxable income is less than the income reflected in the accounting statement, which forms deferred tax liabilities, and the company's tax liability is deferred later, which is obviously advantageous to thecompany.When calculating the economic value added, the adjustment to deferred tax is to add the credit balance of the deferred tax to the total amount of capital, and if it is a debit balance, it is deducted from the total amount of capital.At the same time, changes in the current deferred tax are added to the net operating profit after tax. That is, if the deferred tax credit balance is increased this year, the added value is added to the net operating profit after tax this year, while subtracting from the net operating profit after tax.(7) various preparationsVarious preparations include provision for bad debt, write down on deposits, depreciation or impairment provision for short and long term investments.According to the provisions of the enterprise accounting system of our country, the company shall reserve the reserve for the possible losses in the future, and the reserve balance shall be deducted from the corresponding assets items, and the changes in the balance shall be included in the current expenses and the profits shall be reduced accordingly.The aim is also the principle of conservatism, which allows the company's non-performing assets to be disclosed in due course to avoid excessive public investment in the company's profits. Such information is necessary as an information that is disclosed to investors.But for the managers of the company, these reserves are not the actual decrease of the current assets of the company, and the change in the reserve balance is not the cash outlay of the current expenses.Practice of reserve hand undervalued the company actual total investment of capital management, on the other hand, underestimate the company's cash profit, it is not conducive to real cash can reflect the profitability of the company; at the same time, the company managers may also use the reserve account operating profit.Therefore, when calculating the economic value added, the balance of the reserve account should be added to the total amount of capital, and the current changes in the reserve balance shall be added to the net operating profit after tax.Check out all the cool articles。

如何提升经济增加值

经济增加值（EVA）一、经济增加值的简要介绍经济增加值（EVA）由美国思腾思特公司于1982年推出，目前在国外被众多大公司采用进行业绩考核。

2001年，青岛啤酒率先在国内采用EVA价值管理体系，引起广泛关注。

国资委于2010年起全面采用EVA对中央企业经营业绩进行考核。

国资委采用的EVA计算公式：经济增加值=税后净营业利润-资本成本=税后净营业利润-调整后资本×平均资本成本率税后净营业利润=净利润+(利息支出+研究开发费用调整项-非经常性收益调整项×50%)×(1-企业所得税税率)调整后资本=平均所有者权益+平均负债合计-平均无息流动负债-平均在建工程简化的EVA计算公式：经济增加值=税后净营业利润-资本成本=税后净营业利润-调整后资本×平均资本成本率税后净营业利润=净利润+利息支出×(1-企业所得税税率)调整后资本=平均所有者权益+平均负债合计-平均无息流动负债=平均所有者权益+平均有息负债国资委的EVA公式比简化的EVA计算公式多了研发费用、非经常性损益、在建工程等三个调整项，主要考虑以下三个因素：1、加回研发费用调整项，主要是为了鼓励企业进行研发投入。

2、非经常性损益，不属于主业利润，且实践中经常被用来调节利润，所以要酌情扣减50%。

3、在建工程虽属于企业资产，但属于未投入企业运营，现期内无法为企业贡献利润，所以要从资本中扣除。

二、经济增加值的两个结论以简化的EVA计算公式为例，来说明两个结论：结论一：在国资委的考核模式下，对于盈利企业而言，在利润规模一定的情况下，无论债务融资成本率是否高于低于5.5%，采用权益筹资或债务筹资，都不会影响EVA的计算结果。

理由：经济增加值=净利润+利息支出*(1-企业所得税税率)-（平均所有者权益+平均有息负债）*5.5%=(息税前利润-利息支出）*(1-企业所得税税率)+利息支出*(1-企业所得税税率)-（平均所有者权益+平均有息负债）*5.5%=息前税后利润-利息支出*(1-企业所得税税率)+利息支出*(1-企业所得税税率)-（平均所有者权益+平均有息负债）*5.5%=息前税后利润-（平均所有者权益+平均有息负债）*5.5%由推演后的公式可知，对企业而言，无论利息支出水平如何，都不会影响到息前税后利润。

经济增加值率的计算公式

经济增加值率的计算公式
经济增加值率是衡量一个国家或地区经济增长效益的重要指标之一。

它反映了经济增长所创造的附加值与投入资源之间的关系。

计算经济增加值率的公式如下：
经济增加值率 = 经济增加值 / 投入资源× 100%
其中，经济增加值是指一个国家或地区在一定时期内生产活动中创造的附加值，包括工业、农业、服务业等各个领域的增加值总和。

投入资源则是指用于生产的各种资源，如劳动力、资本、土地等。

经济增加值率的计算可以帮助我们了解经济增长的效益程度。

当经济增加值率较高时，说明经济增长所创造的附加值相对较多，经济效益较好。

反之，经济增加值率较低则意味着经济增长效益较低。

经济增加值率的计算对于国家和地区的经济发展具有重要意义。

通过计算经济增加值率，我们可以评估经济增长的效益，为制定经济政策提供参考依据。

同时，经济增加值率的比较分析也可以帮助我们了解不同国家或地区经济增长的差异，为经济合作和竞争提供参考。

在计算经济增加值率时，需要准确获取经济增加值和投入资源的数据。

经济增加值的计算可以通过统计数据和财务报表等途径获取，而投入资源的计算则需要考虑各种资源的价值和使用量。

在实际计
算中，还需要注意数据的准确性和可比性，以确保计算结果的可靠性。

经济增加值率是衡量经济增长效益的重要指标，通过计算可以评估经济增长的效益程度，并为经济政策的制定提供参考。

在计算过程中，需要准确获取经济增加值和投入资源的数据，并注意数据的准确性和可比性。

通过对经济增加值率的分析，可以了解不同国家或地区经济增长的差异，为经济合作和竞争提供参考。

国有经济增加值计算方法

国有经济增加值计算方法以下是 7 条关于国有经济增加值计算方法的内容：1. 嘿，你知道吗？国有经济增加值的计算呀，就像搭积木一样！比如一家国有企业，它的总产出就像一堆积木，然后要去掉中间那些不属于增加值的部分，就像把不合适的积木拿开，剩下的就是增加值啦！比如这家企业的原材料成本，这可不是它真正创造的价值呀，得减掉，这样得到的就是实实在在的增加值呢！是不是很好理解呀？2. 哇哦，国有经济增加值的计算，其实可以想象成一场考试后的分数核算！总产出是你的卷面总分，而各种各样的中间投入就像是那些会被扣分的地方。

比如说工人工资、原材料采购这些，都像是扣分项，把这些从总分里扣除，最后得到的就是国有经济增加值这个“最终成绩”啦！就像一家国有工厂，它的总产值减去生产中的各项花费，留下来的就是它做出的贡献呀！这不难懂吧？3. 嘿呀，国有经济增加值的计算方法哦，你可以把它当成是在数钱呢！总产出就像是你手里的一把钞票，然后那些要扣除的中间投入就像是你花出去的钱。

比如给员工付工资，那不就是把钱给出去了嘛，这可得减掉。

最后剩下的不就是你净赚的嘛，那就是增加值呀！像一个国有建筑公司，它盖房子的收入减去材料等成本，就是它给国有经济带来的增加值啦，是不是很形象？4. 哎呀呀，国有经济增加值的计算，跟整理衣柜差不多！总产出是衣柜里的所有东西，然后那些要减去的中间投入，就是你不想要或者不合适的衣物。

比方说制作衣服的原材料花费呀，这不就是要清理出去的嘛，最后留下来的整齐漂亮的部分就是增加值啦！一家国有运输企业，把运输收入减去车辆运营等费用，就是增加值哟，能明白不？5. 哟呵，国有经济增加值的计算啊，就好比是算你做一件大事的实际成果！总产出就像你准备干这件事的所有计划和付出，然后那些中间投入就是过程中不得不消耗的部分。

比如研发一个国有新型产品，它的研发费用等都要减掉，留下来的就是真正的增加值，这可是核心成果呢！就像这样，懂了吧？6. 哈哈，国有经济增加值的计算呀，跟厨师做菜算成本一个样！总产出是这道菜最后的售价，那些需要扣除的中间投入就是做菜的各种花费。

经济增加值计算口径说明

经济增加值计算口径说明一、2004年基数说明1、2004年各科目日均基数从FARS 报表中取2004.5.8-2004.12.31数据计算日均，主要考虑因素：（1）FARS 报表从2004.5.8开始每天生成各支行业务状况表；（2）2004年1季度存在大户上移因素2、资产经营部分布在各支行的不良贷款日均和抵债资产日均，由资产经营部提供全年日均数。

3、体现在国业部的支行开出信用证和保函，由国业部提供2004.3-2004.12的月均数。

4、经济资本实际日均余额=经济资本账面日均余额-资产经营部不良贷款和抵债资产占用经济资本日均+国业部开出的信用证和保函占用经济资本月均5、2004年模拟拨备增加额基数各行均以0计算，与总行口径保持一致。

6、经济资本回报率基数=经济资本实际日均余额年考核利润2004 二、2005年1季度数据说明1、2005年1季度各科目日均从FARS 报表中取2005.1.1-2005.3.31数据计算日均。

2、资产经营部分布在各支行的不良贷款日均和抵债资产日均，由资产经营部提供1季度日均数。

3、体现在国业部的开出信用证和保函，由国业部提供2005.1-2005.3的月均数。

4、2005年模拟拨备增加额=2005年1季度支行实际应计提的模拟拨备额—2004年末实际应计提的模拟拨备额（实际五级分类数即为账面数扣除资产经营部的不良贷款数）支行实际应计提的模拟拨备额=实际关注贷款×1%+实际次级贷款×24%+实际可疑贷款×49%+实际损失贷款×99%（考虑到原要求此四类贷款2%、25%、50%和100%全部由支行承担，支行负担过重，因此调整为此四类贷款的1%仍由分行统一负担，增加部分才由支行承担）5、1季度经济资本回报率=经济资本日均占用计算）以模拟拨备增加额（下降季度考核利润041-6、1季度经济增加值=[1季度考核利润—模拟拨备增加额（下降以0计算）—经济资本日均占用×最低回报要求÷4]×调节系数其中：（1）1季度回报率同时高于回报率基数和最低回报要求时，调节系数为1.3（2）1季度回报率同时低于回报率基数和最低回报要求时，调节系数为1.2（3）1季度回报率高于回报率基数但低于最低回报要求或低于回报率基数但高于最低回报要求时，调节系数为1。

国资委经济增加值考核细则

国资委经济增加值考核细则（详细资料 /flfg/2010-01/22/content_1517096.htm）一、经济增加值的定义及计算公式经济增加值是指企业税后净营业利润减去资本成本后的余额。

计算公式：经济增加值=税后净营业利润-资本成本=税后净营业利润-调整后资本×平均资本成本率税后净营业利润=净利润+（利息支出+研究开发费用调整项-非经常性收益调整项×50%）×（1-25%）调整后资本=平均所有者权益+平均负债合计-平均无息流动负债-平均在建工程二、会计调整项目说明（一）利息支出是指企业财务报表中“财务费用”项下的“利息支出”。

（二）研究开发费用调整项是指企业财务报表中“管理费用”项下的“研究与开发费”和当期确认为无形资产的研究开发支出。

对于为获取国家战略资源，勘探投入费用较大的企业，经国资委认定后，将其成本费用情况表中的“勘探费用”视同研究开发费用调整项按照一定比例（原则上不超过50%）予以加回。

（三）非经常性收益调整项包括1.变卖主业优质资产收益：减持具有实质控制权的所属上市公司股权取得的收益（不包括在二级市场增持后又减持取得的收益）；企业集团（不含投资类企业集团）转让所属主业范围内且资产、收入或者利润占集团总体10%以上的非上市公司资产取得的收益。

2.主业优质资产以外的非流动资产转让收益：企业集团（不含投资类企业集团）转让股权（产权）收益，资产（含土地）转让收益。

3.其他非经常性收益：与主业发展无关的资产置换收益、与经常活动无关的补贴收入等。

（四）无息流动负债是指企业财务报表中“应付票据”、“应付账款”、“预收款项”、“应交税费”、“应付利息”、“其他应付款”和“其他流动负债”；对于因承担国家任务等原因造成“专项应付款”、“特种储备基金”余额较大的，可视同无息流动负债扣除。

（五）在建工程是指企业财务报表中的符合主业规定的“在建工程”。

三、资本成本率的确定（一）中央企业资本成本率原则上定为5.5%。

CPA 注册会计师财务成本管理知识点讲解及练习第A121讲_经济增加值(3)、平衡计分卡

二、简化的经济增加值的衡量（一）经济增加值的定义及计算公式经济增加值是指企业税后净营业利润减去资本成本后的余额。

经济增加值=税后净营业利润-资本成本=税后净营业利润-调整后资本×平均资本成本率税后净营业利润=净利润+（利息支出+研究开发费用调整项-非经常性损益调整项×50%）×（1-25%）调整后资本=平均所有者权益+平均负债合计-平均无息流动负债-平均在建工程【手写板】经济增加值=调整后的税后净营业利润-调整后的平均资本占用×加权平均资本成本税后净营业利润（即税后经营净利润）=净利润+税后利息调整后的税后净营业利润=净利润+税后利息+（研究开发费用调整项-非经常性收益调整项×50%）×（1-25%）[例20-1]A公司是一家中央企业上市公司，采用经济增加值（EVA）业绩考核办法进行业绩计量和评价，有关资料如下：（1）2018年A公司的净利润为9.6亿元，利息支出为26亿元，研究与开发费用为1.8亿元，当期确认为无形资产的研究与开发支出为1.2亿元，非经常性损益调整为6.4亿元。

（2）2018年A公司的年末所有者权益为600亿元，年初所有者权益为550亿元，年末负债为850亿元，年初负债为780亿元，年末无息流动负债为250亿元，年初无息流动负债为150亿元，年末在建工程180亿元，年初在建工程200亿元。

（3）A公司的平均资本成本率为5.5%。

计算A公司2018年的经济增加值（EVA）。

根据上述资料，（1）计算税后净营业利润税后净营业利润=净利润+(利息支出+研究开发费用调整项一非经常性损益调整项×50%)×（1-25%）研究开发费用调整项=研究与开发费用+当期确认为无形资产的研究与开发支出=1.8+1.2=3（亿元）非经常性损益调整项=6.4亿元税后净营业利润=9.6+(26+3-6.4×50%)×(1-25%)=28.95(亿元)（2）计算资本调整调整后的资本=平均所有者权益+平均负债合计-平均无息流动负债-平均在建工程平均所有者权益=（600+550）/2=575(亿元)平均负债合计=（850+780）/2=815(亿元)平均无息流动负债=（150+250）/2=200(亿元)平均在建工程=（180+200）/2=190(亿元)调整后的资本成本=575+815-200-190=1000（亿元）（3）经济增加值计算EVA=税后净营业利润-调整后资本×平均资本成本率EVA=28.95-1000×5.5%=-26.05(亿元)。

经济增加值(EVA)计算方式 (四) 八

经济增加值(EVA)计算方式(四) 八下介绍经济增加值的计算方式下面给出EVA的计算模式。

1、EVA的计算模型经济附加值= 税后净营业利润—资本成本= 税后净营业利润—资本总额* 加权平均资本成本其中：税后净营业利润= 税后净利润+ 利息费用+ 少数股东损益+ 本年商誉摊销+ 递延税项贷方余额的增加+ 其他准备金余额的增加+ 资本化研究发展费用—资本化研究发展费用在本年的摊销资本总额= 普通股权益+ 少数股东权益+ 递延税项贷方余额（借方余额则为负值）+ 累计商誉摊销+ 各种准备金（坏帐准备、存货跌价准备等）+ 研究发展费用的资本化金额+ 短期借款+ 长期借款+ 长期借款中短期内到期的部分加权平均资本成本= 单位股本资本成本+ 单位债务资本成本。

2、报表和账目的调整。

由于根据会计准则编制的财务报表对公司绩效的反映存在部分失真，在计算经济附加值时需要对一些会计报表科目的处理方法进行调整。

Stern Stewart财务顾问公司列出了160多项可能需要调整的会计项目，包括存货成本、重组费用、税收、营销费用、无形资产、货币贬值、坏帐准备金、重组费用以及商誉摊销等。

但在考察具体企业时，一般一个企业同时涉及的调整科目不超过15项。

但由于EVA是Stern Stewart财务顾问公司注册的商标，其具体的账目调整和运算目前尚没有对外公开。

（1）、单位债务资本成本单位债务资本成本指的是税后成本，计算公式如下：税后单位债务资本成本=税前单位债务资本成本*（企业所得税税率）我国上市公司的负债主要是银行贷款，这与国外上市公司大量发行短期票据和长期债券的做法不同，因此可以以银行贷款利率作为单位债务资本成本。

根据有关研究，我国上市公司的短期债务占总债务的90%以上，由于我国的银行贷款利率尚未放开，不同公司贷款利率基本相同。

因此，可用中国人民银行公布的一年期流动资金贷款利率作为税前单位债务资本成本，并根据央行每年调息情况加权平均。

中级财管经济增加值计算例题详解

中级财管经济增加值计算例题详解
经济增加值（Economic Value Added，EVA）是一种衡量公司绩效的指标，它可以帮助投资者和管理者评估公司的经济利润是否超过其资本成本。

下面我将用一个例题来详细解释如何计算经济增加值。

假设某公司在某一年的净利润为2000万，总资产为8000万，负债为4000万，股东权益为4000万，资本成本率为10%。

现在我们来计算这家公司的经济增加值。

首先，我们需要计算公司的资本成本。

资本成本等于总资产减去负债，再乘以资本成本率，即（8000 4000） 10% = 400万。

接下来，我们计算经济增加值。

经济增加值等于净利润减去资本成本，即2000 400 = 1600万。

因此，这家公司在这一年的经济增加值为1600万。

通过这个例题，我们可以看到，经济增加值的计算涉及到净利润、总资产、负债、股东权益和资本成本率等多个因素。

这个指标
可以帮助公司和投资者更全面地评估公司的绩效，从而做出更明智的决策。

国资委经济增加值考核细则.

国资委经济增加值考核细则（详细资料）一、经济增加值的定义及计算公式经济增加值是指企业税后净营业利润减去资本成本后的余额。

（二）研究开发费用调整项是指企业财务报表中“管理费用”项下的“研究与开发费”和当期确认为无形资产的研究开发支出。

2.主业优质资产以外的非流动资产转让收益：企业集团（不含投资类企业集团）转让股权（产权）收益，资产（含土地）转让收益。

3.其他非经常性收益：与主业发展无关的资产置换收益、与经常活动无关的补贴收入等。

（五）在建工程是指企业财务报表中的符合主业规定的“在建工程”。

三、资本成本率的确定（一）中央企业资本成本率原则上定为5.5%。

（二）承担国家政策性任务较重且资产通用性较差的企业，资本成本率定为4.1%。

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2013年3月
金额单位：万元

期初数期末数
应付票据
应付账款 3,198.57 4,085.23
预收账款 2,724.81 2,317.10
应交税费 -113.27 45.31
应付利息 20.47 20.47
其他应付款 13,555.70 13,693.30
其他流动负债 3,599.32 3,994.37
专项应付款
特种储备基金 - -
无息流动负债合计 22,985.60 24,155.78
1,090.36 1,586.11

行次2013年1至3月1=2+(3+4-5×0.5)×(100%-25%)523.26 净利润2395.04 利息支出3163.70 研发支出413.63 非经常性损益调整项目合计5=损益表（营业外收入-营业外支出）12.75 6=7×1764.12 调整后资本7=8+11-14-15-164,621.45 平均所有者权益8=（9+10）/25,298.34 期初所有者权益95,313.37 期末所有者权益105,283.31 平均负债11=（12+13）/224,232.04 期初负债总额1223,686.60 期末负债总额1324,777.48 平均无息流动负债1423,570.69 平均在建工程151,338.24 平均工程物资16- 170.01387518459.13 三、经济增加值（EVA）经济增加值（EVA），指企业税后净营业利润减去资本成本后的余额。经济增加值反映企业运用股东资本和债务资本创造价值能力的大小，即企业运用股东和债权人投入的资本，使用一定期间后增加的价值。项目
一、税后净营业利润(会计口径)

其中
二、资本使用成本

其中
平均资本成本率%

在建工程
工程物资

经济增加值计算表
编制单位:XXXXX
项目

无息流
动负债