30. Formulas for the Indicators

Notes to the Consolidated Financial Statements

30. Formulas for the Indicators

Return on investment (ROI), %:

(Profit or loss before taxes + interest and other financing costs) x 100
Balance sheet total – non-interest bearing liabilities (average)

Return on equity (ROE), %:

(Profit or loss before taxes – taxes) x 100 
Shareholders' equity + minority interest (average)

Equity ratio, %:

(Shareholders' equity + minority interest) × 100
Balance sheet total – advance payments received

Earnings per share:

Earnings before extraordinary items and taxes – taxes +/- minority interest
Average number of shares during the period, adjusted for share-issues

Dividend per share:

Total dividend
Number of shares at the end of the period, adjusted for share-issues

Dividend payout ratio, %:

Dividend per share x 100
Earnings per share

Net gearing:

(Loans from financial institutions – cash, bank receivables and financial securities) × 100
Shareholders' equity

Effective dividend yield, %:

Dividend per share × 100
Last trading price for the period, adjusted for share issues

Price/earnings ratio (P/E):

Last trading price for the period, adjusted for share issues
Earnings per share