Calculation of Financial Ratios

EBITDA

Profit/(loss) before depreciation, amortisation and write-downs

EBITDA, % of net sales

EBITDA x 100
Net sales

Operating profit/(loss) before goodwill amortisation (EBITA)

Operating profit/(loss) before goodwill amortisation

Operating profit/(loss) before goodwill amortisation (EBITA), % of net sales

Operating profit/(loss) before goodwill amortisation x 100
Net sales

Profit/ (loss) before taxes, % of net sales

Profit /(loss) before taxes ² x 100
Net sales

Return on equity, % (ROE)

Profit/(loss) for the period ³ x 100
Equity (on average)⁴

Return on capital employed, % (ROCE)

Profit/(loss) before taxes ⁵ +interest charges and other financial costs x 100
Balance sheet total less interest-free debt (on average)

Return on net assets, % (RONA)

Operating profit/loss + goodwill amortisation_______________________________________x 100
Fixed assets⁶ – less goodwill + inventory + short-term receivables less short-term interest-free debt (on average)

Equity ratio, %

Equity ⁷ _____________________________________ x 100
Balance sheet total less received advance payments

Capital expenditure

The acquisition cost of tangible and intangible assets and investments belonging to the fixed assets including receivables from granted loans counted as fixed assets (not including corporate acquisitions)

Capital expenditure, % of net sales

Capital expenditure x 100
Capital expenditure

Capital expenditure

R&D costs x 100
Net sales

Gearing, %

Interest-bearing debt less cash and cash equivalents x 100
Equity⁸

Interest-bearing net debts

Interest-bearing debt less cash and cash equivalents
² FAS: Profit/(loss) before extraordinary items
³ FAS: Profit/(loss) before extraordinary items less taxes
⁴ FAS: Equity + minority interest (on average)
⁵ FAS: Profit/(loss) before extraordinary items
⁶ IFRS: Non-current assets less deferred tax assets
⁷ FAS: Equity + minority interest8 FAS: Equity + minority interest

- Salcomp