Scania Annual Report 2011

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148 key financial ratios and figures Key financial ratios and figures According to IFRSs 1 According to Swedish GAAP 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 Scania Group Operating margin, % 14.1 16.3 4.0 14.1 14.4 12.4 10.8 11.6 10.1 9.3 Earnings per share, SEK 2 11.78 11.38 1.41 11.11 10.69 7.42 5.83 5.40 3.79 3.42 Equity per share, SEK 2 43.1 37.5 29.1 27.4 31.0 32.7 29.7 26.8 22.8 21.2 Return on equity, % 29.5 34.7 5.1 38.3 35.0 24.1 20.8 21.8 17.4 17.2 Dividend, SEK per share 2, 3 5.00 5.00 1.00 2.50 5.00 3.75 3.75 3.75 1.50 1.37 Dividend as percentage of net income 42.4 43.9 70.9 22.5 46.8 50.5 64.3 69.5 39.6 40.2 Redemption, SEK per share 2, 3 – – – – 7.50 8.75 – – – – Equity/assets ratio, % 31.6 30.5 23.7 19.9 27.1 29.7 30.3 30.3 27.7 25.6 Net debt, excluding provisions for pensions, SEK m. 26,432 23,481 39,767 50,112 31,534 23,297 25,476 23,115 24,291 25,108 Net debt/equity ratio 0.77 0.78 1.71 2.28 1.27 0.89 1.07 1.08 1.33 1.48 Vehicles and Services Operating margin, % 13.5 16.1 4.3 13.6 13.8 11.7 10.0 10.8 9.4 7.5 Capital employed, SEK m. 36,372 32,836 34,534 34,514 26,749 32,898 27,012 23,876 21,859 24,363 Operating capital, SEK m. 24,904 23,284 27,886 30,169 22,859 22,226 24,396 21,680 20,080 20,356 Profit margin, % 14.6 16.8 5.3 14.3 14.4 12.8 11.6 11.6 10.0 9.2 Capital turnover rate, times 2.61 2.35 1.77 3.02 2.92 2.38 2.43 2.50 2.21 1.89 Return on capital employed, % 38.1 39.5 9.4 43.1 42.1 30.4 27.9 29.1 22.0 17.4 Return on operating capital, % 48.2 49.4 9.0 47.3 49.9 35.2 26.8 29.0 23.1 16.6 Net debt, excluding provisions for pensions, SEK m. 4 –10,615 –7,700 4,038 8,364 – 1,902 – 4,335 269 854 2,647 4,308 Net debt/equity ratio 4 –0.35 –0.30 0.21 0.49 – 0.09 – 0.19 0.01 0.05 0.17 0.31 Interest coverage, times 17.8 17.5 2.2 11.3 15.0 9.6 6.8 8.6 6.2 4.6 Financial Services Operating margin, % 1.3 0.5 –0.4 1.0 1.5 1.6 1.9 1.7 1.4 1.2 Equity/assets ratio, % 10.3 11.1 10.4 9.6 10.1 9.6 10.0 11.2 11.5 11.9 1 Financial reporting is in compliance with International Financial Reporting Standards (IFRSs) beginning with 2004. The main differences compared to the previous Swedish Generally Accepted Accounting Principles (GAAP) are shown in the first footnote to the “Multi-year statistical review”. 2 The number of shares outstanding was 200 million until 2006. By means of a share split, the number increased to 800 million starting in 2007. For years prior to 2007, the above key financial ratios and figures have been recalculated accordingly. 3 Dividend proposed by the Board of Directors or adopted by the Annual General Meeting. 4 Net debt (+) and net surplus (–). financial reports Scania 2011
definitions 149 Definitions Operating margin Operating income as a percentage of net sales. Earnings per share Net income for the year excluding non-controlling (previously minority) interests divided by average number of shares. Equity per share Equity excluding non-controlling (previously minority) interests divided by the total number of shares. Return on operating capital Operating income as a percentage of operating capital. 1 Interest coverage Operating income plus financial income divided by financial expenses. Operating margin, Financial Services Operating income as a percentage of average portfolio. 1 Calculations are based on average equity, capital employed and operating capital for the five most recent quarters. Return on equity Net income for the year as a percentage of total equity. 1 Equity/assets ratio Total equity as a percentage of total assets on each respective balance sheet date. Net debt, net surplus excluding provision for pensions Current and non-current borrowings (excluding pension liabilities) minus cash and cash equivalents and net fair value of derivatives for hedging borrowings. Net debt/equity ratio Net debt, net surplus as a percentage of total equity. Capital employed Total assets minus operating liabilities. Operating capital Total assets minus cash, cash equivalents and operating liabilities. Profit margin Operating income plus financial income as a percentage of net sales. Capital turnover Net sales divided by capital employed. 1 Return on capital employed Operating income plus financial income as a percentage of capital employed. 1 Geographic areas Europe: Austria, Belgium, Bosnia-Herzegovina, Bulgaria, Croatia, Cypru s, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Great Britain, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Macedonia, the Netherlands, Norway, Poland, Portugal, Romani a, Serbi a, Slovakia, Slovenia, Spain, Sweden, Switzerland. Eurasia: Azerbaijan, Belarus, Georgia, Kazakhstan, Russia, Ukraine, Uzbekista n. Asia: Bahrain, China, Hong Kong, India, Indonesia, Iran, Iraq, Israel, Japan, Jordan, Kuwait, Lebanon, Macao, Malaysi a, Oman, Qatar, Saudi Arabia, Singapore, South Korea, Syria, Taiwan, Thailand, Turkey, the United Arab Emirates, Vietnam. America: Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, the Dominican Republic, Ecuador, El Salvador, Guatemala, Hondura s, Mexico, Panama, Paraguay, Peru, Uruguay, the United States, Venezuel a, the Virgin Islands. Africa and Oceania: Algeria, Angola, Australia, Botswana, Chad, Egypt, Ethiopia, Ghana, Kenya, Libya, Malawi, Morocco, Mozambiqu e, Namibi a, New Zealand, Niger, Nigeria, Reunion, Rwanda, the Seychelle s, South Africa, Sudan, Tanzania, Tunisia, Uganda, Zambia, Zimbabw e. financial reports Scania 2011
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ANNUAL REPORT 2011
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1 Operations 2-31 Statement of the
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SCANIA’S STRATEGY 3 Our solution
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The world of Scania Scania is a glo
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scania’s strategY 7 Scania’s st
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SCANIA’S STRATEGY 9 The change in
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SCANIA’S STRATEGY 11 The aluminiu
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SCANIA’S STRATEGY 13 Profitable b
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SCANIA’S STRATEGY 15 Component mo
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SCANIA’S STRATEGY 17 Methods for
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SCANIA’S STRATEGY 19 Scania is st
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market - TRUCKS 21 Effective overal
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23 assembles the bodies for the Sca
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100 years of innovation In 2011, Sc
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27 Productivity and energy efficien
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SCANIA’S STRATEGY 29 service tech
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SCANIA’S STRATEGY 31 Experience s
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34 MARKET Lastbilar nettoomsättnin
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36 production
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38 production Greater flexibility w
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40 RESEARCH AND DEVELOPMENT
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42 RESEARCH AND DEVELOPMENT Scania
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44 SCANIA’S SUSTAINABILITY WORK R
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46 SCANIA’S SUSTAINABILITY WORK K
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48 SCANIA’S SUSTAINABILITY WORK S
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50 SCANIA’S SUSTAINABILITY WORK S
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52 SCANIA’S SUSTAINABILITY WORK C
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54 SCANIA’S SUSTAINABILITY WORK M
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56 Scania share data Scania share d
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58 Annual General Meeting and Finan
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60 Risks and risk management servic
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62 Risks and risk management Produc
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64 CORPORATE GOVERNANCE REPORT owne
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66 CORPORATE GOVERNANCE REPORT The
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68 CORPORATE GOVERNANCE REPORT by t
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70 BOARD OF DIRECTORS Board of Dire
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72 EXECUTIVE BOARD AND CORPORATE UN
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financial reports Amounts in tables
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76 group financial review Group fin
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78 group financial review During 20
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80 consolidated income statements C
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82 consolidated balance sheets Cons
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84 Consolidated statement of change
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86 notes to the consolidated financ
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Page 100 and 101: 98 notes to the consolidated financ
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Page 140 and 141: 138 parent company financial statem
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Page 144 and 145: 142 proposed guidelines for salary
Page 146 and 147: 144 audit report Audit Report TRANS
Page 148 and 149: 146 quarterly data Quarterly data,
Page 152 and 153: 150 multi-year statistical review M
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Page 156: Scania AB (publ), SE-151 87 Södert
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Scania Annual Report 2011

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