Financial figures

Financial figures

2013 2012 2011 2010 2009
INCOME STATEMENT AND PROFITABILITY
Revenue, EUR million 1) 2,229 2,241 2,207 2,161 1,970
Operating profit, EUR million 2) 3) 43 33 158 156 110
% of revenue 2 1 7 7 6
Share of profit or loss of associates, EUR million 1) 2) -1 11 31 9 -5
Finance income and costs (net), EUR million 1) 39 16 21 27 38
% of revenue 2 1 1 1 2
Interest cover 1) 2) 3) 4 11 12 10 5
Profit before tax, EUR million 1) 3) 3 29 168 138 67
% of revenue 0 1 8 6 3
Net profit for the period (attributable to equity owners of the parent), EUR million 1) 3) -32 18 136 111 54
Return on investment (ROI), % 3) 4) 1 3 9 7 7
Return of equity (ROE), % 3) -3 1 10 9 7
Return on capital employed (ROCE), % 3) 3 3 11 10 8
Research and development expenses, EUR million 1) 32 42 40 42 37
% of revenue 1 2 2 2 2
CASH FLOW
Net cash generated from operating activities, EUR million 200 176 178 133 288
Disposals of subsidiaries and property, plant and equipment and intangible assets, EUR million 193 30 137 -6 2
Capital expenditure, EUR million 198 134 201 107 86
% of revenue 9 6 9 5 3
Cash flow after capital expenditure, EUR million 196 72 115 169 202
Cash flow return on capital invested (CFROI), % 3) 10 8 8 6 12
BALANCE SHEET AND SOLVENCY
Non-current assets, EUR million 1,501 1,682 1,846 1,862 1,886
Shareholders' equity (Equity attributable to equity owners of the parent), EUR million 3) 1,113 1,247 1,358 1,340 1,250
Total equity, EUR million 3) 1,126 1,261 1,371 1,366 1,269
Total liabilities, EUR million 1,086 1,202 1,306 1,178 1,548
Total assets, EUR million 3) 2,211 2,462 2,677 2,544 2,817
Interest-bearing net liabilities, EUR million 456 532 516 536 676
Equity ratio, % 51 51 51 54 45
Gearing, % 3) 41 42 38 39 53
Interest-bearing net liabilities per EBITDA 3) 3.2 3.0 2.0 1.9 2.5
PERSONNEL
Personnel (average) 4,632 5,043 5,006 5,608 8,843
of whom in Finland 1,027 1,173 1,145 1,241 1,929
EXCHANGE RATES
Key exchange rates at 31 Dec
USD 1.379 1.319 1.294 1.336 1.441
SEK 8.859 8.582 8.912 8.966 10.252
BRL 3.258 2.704 2.416 2.217 2.511
1) The financial figures for 2010 and 2009 are presented without the spin-off effect of Tikkurila.
2) Share of profit or loss of associates is presented after finance expenses.
3) Comparative figures for 2012 have been restated according to the revised IAS 19 `Employee BenefitsĀ“.
4) The financial figure for 2013 has been restated. Finance costs have been decreased by EUR 23 million related to written-down of the associate company of Sachtleben.