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Calculation of the key figures

Earnings/share = Profit before income taxes - income taxes
Adjusted number of shares held outside the group (average)
Cash flow from operations/share = Cash flow from operations as in the cash flow statement
Adjusted number of shares held outside the Group (average)
Equity/share = Shareholders’ equity
Adjusted number of shares held outside the Group at year end
Dividend/share = Dividend/share for the fi nancial year
Adjustment coefficient for share issues after the financial year
Dividend/earnings, % = Dividend/share x 100
Earnings/share
Dividend/cash flow from operations, % = Dividend/share x 100
Cash flow from operations/share
Dividend yield, % = Dividend/share x 100
Adjusted share price at year end
P/E ratio = Adjusted share price at year end
Earnings/share
Market capitalisation = Number of shares held outside the group at year end x adjusted share price at year end

Return on equity (ROE), % = (Profit before income taxes - income taxes) x 100
Shareholders’ equity (quarterly average)
Return on invested capital (ROI), % = (Profit before income taxes + profit from discontinued operations + interest and other financial expenses) x 100
(Balance sheet total - non-interest bearing liabilities) (quarterly average)
Equity ratio, % = Shareholders’ equity x 100
Balance sheet total - advances received
Gearing, % = Interest-bearing liabilities - interest-bearing receivables - cash at bank and in hand) x 100
Shareholders’ equity