## Page 94

# AAK Annual Report 2016

'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

To see the actual publication please follow the link above