Kesko's Annual Report 2009
Kesko's Annual Report 2009
Kesko's Annual Report 2009
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Calculation of performance indicators<br />
Profitability<br />
Return on equity, % =<br />
Return on equity<br />
excl. non-recurring items, % =<br />
Return on capital employed, % =<br />
Return on capital employed<br />
excluding non-recurring items, %<br />
=<br />
(Profit / loss before tax – income tax)<br />
Shareholders' equity<br />
Kesko financial statements <strong>2009</strong><br />
83<br />
x 100<br />
(Profit/loss adjusted for non-recurring items before tax – income tax adjusted for<br />
the tax effect of non-recurring items) x 100<br />
Shareholders' equity<br />
Operating profit<br />
(Non-current assets + inventories + receivables + other current assets – non-interest-bearing<br />
liabilities) for a 12 month average<br />
Operating profit excluding non-recurring items<br />
(Non-current assets + inventories + receivables + other current assets – non-interest-bearing<br />
liabilities) for a 12 month average<br />
EBITDA = Operating profit + depreciation + impairments<br />
Funding and financial position<br />
Equity ratio, % =<br />
Gearing, % =<br />
Interest-bearing net debt/EBITDA =<br />
Share performance indicators<br />
Earnings/share, diluted<br />
Earnings/share, basic =<br />
Earnings/share<br />
excl. non-recurring items, basic<br />
Equity/share =<br />
Payout ratio, % =<br />
Price/earnings ratio, (P/E) =<br />
Effective dividend yield, % =<br />
Shareholders' equity<br />
(Balance sheet total – prepayments received)<br />
Interest-bearing net debt<br />
Shareholders' equity<br />
Interest-bearing net debt<br />
EBITDA<br />
= Profit/loss – minority interest<br />
Average number of shares adjusted for the dilutive effect of options<br />
=<br />
Profit/loss – minority interest<br />
Average number of shares<br />
Profit/loss adjusted for non-recurring items – minority interest<br />
Average number of shares<br />
Equity attributable to equity holders of the parent<br />
Basic number of shares at balance sheet date<br />
(Dividend/share)<br />
Earnings/share<br />
Share price at balance sheet date<br />
(Earnings/share)<br />
(Dividend/share)<br />
Share price at balance sheet date<br />
Market capitalisation = Share price at balance sheet date × number of shares<br />
Cash flow from operating activities/share =<br />
Cash flow from operating activities<br />
Average number of shares<br />
Yields of A share and B share = Change in share price + annual dividend yield<br />
x 100<br />
x 100<br />
x 100<br />
x 100<br />
x 100<br />
x 100