The increase in net value added from 61.5 billion euros to 64.9 billion euros is mainly due to significantly higher investments in intangible assets (especially spectrum licenses) and our high investments in network roll-out in 2022. In addition, significantly higher repayments to providers of capital had an impact in 2021 compared with the prior year. Payments to employees increased primarily due to the translation of U.S. dollars into euros in the operating segment USA. This was offset by a reduction in the number of employees in Germany and the sale of T-Mobile Netherland in the operating segment Group Development.
In contrast to the statement of income, the net value added only takes account of real payment flows. That means that deferred tax expenses and the accrual of provisions do not impact the net value added of the reporting period. Although these costs are deducted from net profit in the statement of income, they are not linked to any current payments to stakeholder groups, as is the case with net value added. Outpayments in this respect are scheduled for the future and will only be accounted for in net value added in future years.
The increase in net value added from 61.5 billion euros to 64.9 billion euros is mainly due to significantly higher investments in intangible assets (especially spectrum licenses) and our high investments in network roll-out in 2022. In addition, significantly higher repayments to providers of capital had an impact in 2021 compared with the prior year. Payments to employees increased primarily due to the translation of U.S. dollars into euros in the operating segment USA. This was offset by a reduction in the number of employees in Germany and the sale of T-Mobile Netherland in the operating segment Group Development.
In contrast to the statement of income, the net value added only takes account of real payment flows. That means that deferred tax expenses and the accrual of provisions do not impact the net value added of the reporting period. Although these costs are deducted from net profit in the statement of income, they are not linked to any current payments to stakeholder
groups, as is the case with net value added. Outpayments in this respect are scheduled for the future and will only be accounted for in net value added in future years.