Financial results

GRI EC1 / EC4 / EC8

We ended our financial year at September 30, 2013 recording growth of 8% compared with the previous year, although for the 12 months ended December 31, 2013 (the reporting period for this report) our revenue of R$ 799 million declined slightly compared with 2012. This was, in part, due to Brazil's economic slowdown and the effects of mandatory auditor rotation on our client base. The Statement of Added Value also shows an important increase in operating costs, which includes investments in our service structure, and in wealth distributed through salaries and employee benefits.

Statement of Added Value*(R$)
2013 2012 2011
Direct economic value created  799,436,864 805,111,888 707,690,443
Revenue 799,436,864 805,111,888 707,690,443
Economic value distributed 650,729,691 627,281,780 602,494,364
Operating costs 149,266,106 137,498,458 152,652,931
Employee salaries and benefits 366,690,234 350,811,678 328,407,119
Payments to the government 132,469,321 136,183,828 119,227,162
Community investments 2,304,029 2,787,817 2,207,151
  • Voluntary contributions
    (including pro bono)
    to social, environmental
    and cultural projects
2,020,957 2,387,453 2,063,274
  • Contributions to social,
    environmental
    and cultural projects
    under Tax Incentive Laws
283,072 400,364 143,877
Accumulated economic value  148,707,173 177,830,108 105,196,080

*This information refers to the periods January to December 2013, 2012 and 2011, and represents the activities of all independent entities operating under the name KPMG in Brazil. Under the legislation in force, independent entities operating under the brand name KPMG in Brazil are exempt from publishing a balance sheet. This does not apply to the companies KPMG Structure Finance and KPMG Transaction Services, which are required to publish their balance sheets in mainstream newspapers in Brazil.

go to top