Annual report - HSE

Operating efficiency ratio
The company’s operating revenue
exceeded its operating expenses by
3% in 2012. The 2012 ratio was slightly
lower compared with its 2011 value,
due to decrease in profit or loss.
in € 2012 2011
1. Operating revenue 1,943,501,488 1,359,019,422
2. Operating expenses 1,879,991,946 1,303,401,997
Operating efficiency ratio = 1 / 2 1.03 1.04
Net return on equity ratio (ROE)
In 2012, the company generated EUR
4 of net profit per EUR 100 of equity
invested. The ratio was lower than in
2011, mainly as a result of lower net
profit realised in 2012 due to impaired
long-term investment in the company
TET.
The return on assets in 2012 of 3%
was somewhat lower compared
to the previous year, mainly due to
lower net profit realised in 2012 and
higher average assets (higher shortterm
loans granted to the Group
companies).
Compared with the previous period,
the value added reached in 2012
increased by 14%, mostly due to better
other operating revenue realised
in 2012 as a result of positive court
decision on the case TRD brining the
company EUR 7 million.
in € 2012 2011
1. Net profit for the period 42,954,179 46,729,619
2. Average equity 979,276,064 949,938,622
ROE = 1 / 2 0.044 0.049
Net return on asset ratio (ROA)
in € 2012 2011
1. Net profit for the period 42,954,179 46,729,619
2. Average assets 1,422,843,383 1,254,711,192
ROA = 1 / 2 0.030 0.037
Added value
in € 2012 2011
1. Operating revenue 1,943,501,488 1,359,019,422
2. Costs of goods, materials 1,867,670,826 1,292,558,665
and services
3. Other operating expenses 699,440 830,847
Added value = 1-2-3 75,131,222 65,629,910
Added value / employee
Compared with the previous period,
value added per employee increased
by 11% in 2012, due to higher value
added.
in € 2012 2011
1. Added value 75,131,222 65,629,910
2. Average number of employees 134 129
Added value/employee = 1/2 562,781 508,759
Annual Report HSE 2012
2 Business Report
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