Definitions

Share of risk-bearing capital
Equity plus provisions for deferred tax liabilities as well as convertible debenture loans in relation to total capital.


Return on equity
The net profit for the year attributable to the Parent Company’s shareholders in relation to average equity attributable to the Parent Company’s shareholders.

 

Return on capital employed
Profit after financial items plus financial borrowing costs in relation to average balance sheet total minus non interest-bearing liabilities.

 

Return on total capital
Profit after financial items plus financial borrowing costs in relation to average total capital.

 

Direct yield
Proposed dividend in relation to the share price on the closing day.

 

Discount rate, (WACC)
Weighted Average Cost of Capital – weighted required return for equity and borrowed capital against the company’s future earnings.

 

EBITDA
Operating profit before depreciation, amortisation and impairment of non current assets.


Equity per share
Equity at the end of the period attributable to the Parent Company’s shareholders in relation to the number of shares at the end of the period.

 

Cash flow from operating activities per share
Cash flow from operating activities in relation to the average number of outstanding shares.

 

Average number of employees
Number of worked hours divided by normal annual working time.


Earnings per share
Net profit for the year attributable to the Parent Company’s shareholders in relation to average number of shares.

 

Earnings per share after dilution
Net profit for the period that is attributable to the Parent Company’s shareholders plus costs attributable to convertible loans in relation to the number of shares, including shares that are added on conversion of outstanding convertibles.

 

Interest-bearing net debt
Non-current and current interest-bearing liabilities minus interest-bearing assets as well as cash and cash equivalents.

 

Interest coverage ratio
Income after financial items plus financial interest expenses in relation to financial borrowing costs.

 

Operating margin
Operating profit in relation to net sales.

 

Equity/assets ratio
Equity in relation to total capital.


Profit margin
Profit after financial items in relation to net sales.