Computation formulae

Computation formulae

 

Return on equity, %

   
net income + extraordinary items and provisions x 100  
equity + minority interest + voluntary provisions and depreciation difference less deferred tax liabilities (average)    
     

Return on capital employed, %

   
profit before extraordinary items, provisions and income taxes + interest and other financial expenses x 100  
total assets less non-interest-bearing liabilities (average)    
     

Equity ratio, %

   
equity + minority interest + voluntary provisions and depreciation difference less deferred tax liabilities x 100  
total assets less advances received    
     

Net gearing, %

   
net interest-bearing liabilities (= interest-bearing liabilities less liquid assets) x 100  
equity    
     

Earnings per share (EPS), EUR

   
profit before extraordinary items, provisions and income taxes less income taxes +/- minority interest    
average adjusted number of shares in the financial period    
     

Equity per share, EUR

   
equity + voluntary provisions + depreciation difference less deferred tax liabilities and minority interest    
adjusted number of shares on closing date    
     

Dividend per share, EUR

   
dividend for the financial period    
adjusted number of shares on closing date    
     

Payout ratio, %

   
dividend per share x 100  
earnings per share (EPS)    
     

Effective yield of shares, %

   
dividend per share x 100 x 100  
adjusted average share price at year end    
     

Price/earnings (P/E), %

   
adjusted average share price at year end x 100  
earnings per share    
     

Price to book ratio, (P/B)

   
total number of shares on closing date excluding treasury shares x share price at year end    
equity without non-controlling interests    

 

 

Alternative performance measures

Exel Composites uses alternative performance measures to better reflect the operational business performance and to enhance comparability between financial periods.

Adjusted operating profit

Adjusted operating profit is derived in accordance to International Financial Reporting Standards (IFRS) by adding or deducting material items affecting comparability. These include, but are not limited to, restructuring costs, impairment losses and reversals, costs related to planned or realized business acquisitions and disposals, gains and losses relating to sale of intangible and tangible assets, as well as expenses related to changes in legislation or legal proceedings.
 

 

Exel Composites Oyj, Vantaa head office, Mäkituvantie 5, FI-01510 Vantaa, Finland