Calculation of key figures

Calculation of key figures  

EVA:
operating profit - cost calculated on invested capital (average of four quarters) before taxes
WACC 2010: 9.70%
WACC 2009: 9.40%
WACC 2008: 9.30%
WACC 2006-2007: 8.75%
WACC 2003-2005: 9.00%

Return on equity, % (ROE):
profit for the period / equity (average) x 100

Return on investment, % (ROI):
(profit before tax + finance costs) / (balance sheet total - non-interest-bearing liabilities (average)) x 100

Equity ratio, %:
equity / (balance sheet total - advances received) x 100

Gearing, %:
interest-bearing liabilities / equity x 100

Net interest-bearing liabilities:
Interest-bearing liabilities - liquid assets

Earnings per share:
profit attributable to equity holders of the parent company / adjusted average basic number of shares

Earnings per share, diluted:
profit attributable to equity holders of the parent company / adjusted average diluted number of shares

Equity per share:
equity attributable to equity holders of the parent company / adjusted basic number of shares at the balance sheet date

Dividend per share:
dividend for the financial period / share issue adjustment factor for issues made after the financial period

Dividend/earnings ratio %:
dividend per share / earnings per share x 100

Effective dividend yield, %:
dividend per share / closing price of the financial period x 100

Price/earnings ratio:
closing price of the financial period / earnings per share

Cash flows from operating activities per share:
cash flows from operating activities as in the cash flow statement / adjusted average  basic number of shares

Market capitalisation of shares:
basic number of shares at the balance sheet date x closing price of the financial period 

Operating profit excluding non-recurring and imputed items:
operating profit +/- non-recurring and imputed items