Page 90

AAK Annual Report 2015

Definitions Proportion of risk-bearing capital Equity, non-controlling share of equity and deferred tax liability divided by balance sheet total. Return on shareholders’ equity Profit/loss for the year as a percentage of average shareholders’ equity. Return on operating capital Operating profit divided by average operating capital. Gross contribution Operating income minus cost of goods. Share price/Equity Share price divided by equity per share. Direct yield Dividend per share as a percentage of the share price. Equity per share Equity divided by average number of shares at the balance sheet date. Capital turnover rate Net sales divided by average operating capital. Cash and cash equivalents Cash and bank balances plus short-term investments with a maturity of less than three months. Earnings per share Profit/loss for the year divided by the average number of shares on the balance sheet date. 86 Net borrowings The total of interest-bearing liabilities minus interest-bearing assets. P/E ratio Share price divided by earnings per share. Interest coverage ratio Operating profit/loss plus financial income divided by financial expenses. Working capital Non-interest-bearing current assets minus non-interest-bearing liabilities excluding deferred tax. Net debt/equity ratio Net borrowings divided by equity including non-controlling interests. Equity/assets ratio Equity including non-controlling interests as a percentage of balance sheet total. Operating capital Total assets minus cash and cash equivalents, interest-bearing receivables and non-interest-bearing operating liabilities, but excluding deferred tax. Dividend pay-out ratio Dividend per share as a percentage of earnings per share.


AAK Annual Report 2015
To see the actual publication please follow the link above