| |
 |
12 months ended 31 December |
|
|
|
| |
|
2007 |
|
2006 |
2005 |
| RATIOS |
|
|
|
|
|
| Profitability and
asset management |
|
|
|
|
|
| Return on net assets (%) |
|
23 |
|
28 |
34 |
| Return on ordinary shareholders’ equity |
|
|
|
|
|
| – Attributable earnings (%) |
|
15 |
|
14 |
21 |
| – Headline earnings (%) |
|
15 |
|
13 |
19 |
| Return on invested capital (%) |
|
19 |
|
18 |
14 |
| Return on capital employed (%) |
|
24 |
|
22 |
16 |
| Operating margin (%) |
|
14 |
|
14 |
14 |
| Solvency and liquidity |
|
|
|
|
|
| Net financing cost cover (times) – EBIT |
|
7 |
|
4 |
6 |
| Net financing cost cover (times) – EBITDA |
|
10 |
|
6 |
8 |
| Current ratio (times) |
|
3 |
|
2 |
2 |
| Net debt to equity (%) |
|
5 |
|
5 |
1,5 |
| Net debt to earnings before interest, tax, depreciation
and |
|
|
|
|
|
| amortisation (times) |
|
0,2 |
|
0,3 |
3,3 |
| Number of years to repay interest-bearing debt |
|
1 |
|
4 |
3 |
