Help! Is Gross Value Added the same as Gross Profit??

Flosspot

I have 4 years of company accounts before me and a form asking for the Gross Value Added? I'm stuck :001_unsure:

ExcelAnt

Two second google seach hit:

Over-simplistically, GVA is the grand total of all revenues, from final sales and (net) subsidies, which are incomes into businesses. Those incomes are then used to cover expenses (wages & salaries, dividends), savings (profits, depreciation), and (indirect) taxes

So GVA is Revenue. Revenue being sum total of all income.

Gross profit is revenue less direct costs such as materials and direct labour costs

Note both of these are Net of VAT.