Westfield Corporation | Sustainability Report 2018 | 58
DIRECT ECONOMIC VALUE GENERATED IN 2017 (US $M)*
Revenues 2,118.3
DIRECT ECONOMIC VALUE DISTRIBUTED*
Operating Costs (937.5)
Employee Wages & Benefits (339.8)
Payments Direct to Government:
US Entities (13.1)
UK Entities (15.8)
AU Entities (2.9)
Payments to Government as Agent:
US Entities (83.8)
UK Entities (5.9)
AU Entities (0)
Community Investments Monetary Contributions: (3.8)
In Kind Contributions: (0.1)
Time Contributions: (0.1)
Payments to Providers of Capital (817. 8)
Total Economic Value Distributed (2,220.6)
Direct Economic Value Retained* (102.3)
* GRI methodology applied: figures differ materially from International Financial Reporting
Standards and cannot be compared to or provide any accurate indication of Westfield
Corporation’s profitability as reported in its statutory accounts as at 31 December 2017.
Westfield London
Direct economic value & employment creation (continued)
5.4 MARKETPLACE