'H¿QLWLRQV Proportion of risk-bearing capital Equity, non-controlling share of equity and deferred tax liability divided by balance sheet total. Return on shareholders’ equity 3UR¿WORVVIRUWKH\HDUDVDSHUFHQWDJHRIDYHUDJHVKDUHKROGHUV¶ equity. Return on operating capital 2SHUDWLQJSUR¿WGLYLGHGE\DYHUDJHRSHUDWLQJFDSLWDO 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 3UR¿WORVVIRUWKH\HDUGLYLGHGE\WKHDYHUDJHQXPEHURIVKDUHVRQ the balance sheet date. 90 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 2SHUDWLQJSUR¿WORVVSOXV¿QDQFLDOLQFRPHGLYLGHGE\¿QDQFLDO 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 2016
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