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Annual report 2013

Calculation of performance indicators


Profitability

 
  

Return on equity, %

(Profit/loss before tax − Income tax) x 100

 

Shareholders' equity

  

Return on equity excl. non-recurring items, %

(Profit/loss adjusted for non-recurring items before tax − Income tax adjusted for the tax effect of non-recurring items) x 100

 

Shareholders' equity

  

Return on capital employed, %

Operating profit x 100

 

(Non-current assets + Inventories + Receivables + Other current assets − Non-interest-bearing liabilities) for a 12 month average

  

Return on capital employed excl. non-recurring

Operating profit excluding non-recurring items x 100

items, %

(Non-current assets + Inventories + Receivables + Other current assets − Non-interest-bearing liabilities) for a 12 month average

  

EBITDA

Operating profit + Depreciation and amortisation + Impairments

  

Funding and financial position

 
  

Equity ratio, %

Shareholders' equity x 100

 

(Balance sheet total − Prepayments received)

  

Gearing, %

Interest-bearing net debt x 100

 

Shareholders' equity

  

Interest-bearing net debt

Interest-bearing liabilities − Money market investments − Cash and cash equivalents

  
  

Interest-bearing net debt/EBITDA

Interest-bearing net debt

 

EBITDA

Share performance indicators

 
  

Earnings/share, diluted

Profit/loss − Non-controlling interests

 

Average number of shares adjusted for the dilutive effect

  

Earnings/share, basic

Profit/loss − Non-controlling interests

 

Average number of shares

  

Earnings/share excl. non-recurring items, basic

Profit/loss adjusted for non-recurring items − Non-controlling interests

 

Average number of shares

  

Equity/share

Equity attributable to equity holders of the parent

 

Basic number of shares at balance sheet date

  

Payout ratio, %

(Dividend/share) x 100

 

(Earnings/share)

  

Price/earnings ratio (P/E)

Share price at balance sheet date

 

(Earnings/share)

  

Effective dividend yield, %

(Dividend/share) x 100

 

Share price at balance sheet date

  

Market capitalisation

Share price at balance sheet date x Number of shares

  

Cash flow from operating activities/

Cash flow from operating activities

share

Average number of shares

  

Yields of A share and B share

Change in share price + Annual dividend yield