The key figures presented below  are central in order to understand and evaluate AddLifes business and financial position. The key figures are presented in the Multi-year overview and commented in the administration report. The key figures that are the financial targets are commented in the section "Financial targets". 

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Return on equity    
Profit/loss after tax attributable to shareholders, as a percentage of shareholders' proportion of average equity.
Return on equity measures from an ownership perspective the return that is given on the owners' invested capital.
     
  2020 2019
Profit/loss for the period 519.7 142.3
Average equity 1,683.3 1,361.7
     
Return on equity 519.7/1,683.3=31.5% 142.3/1,361.7=10.4%
     
Return on working capital (P/WC)    
EBITA in relation to average working capital.
P/WC is used to analyse profitability and encourage high EBITA earnings and low working capital requirements.
     
  2020 2019
Operating profit before amortization of intangible assets EBITA, P 802.1 305.2
Average working capital, WC 780.9 597.6
P/WC 802.1/780.9=102.7% 305.2/597.6=51.1%
     
Return on capital employed    
Profit after net financial items plus interest expenses plus/minus exchange rate fluctuations in percent of average capital employed.
     
  2020 2019
Profit/loss before taxes according to the income statement 659.0 182.3
Interest expenses note 12 (+) 17.0 12.4
Net exchange rate fluctuations, note 12 -4.8 0.8
Profit after net financial items plus exchange rate fluctuations 671.2 195.5
     
Capital employed yearly average 2,652.9 2,280.8
     
Return on capital employed 671.2/2,652.9=25.3% 195.5/2,280.8=8.6%
     
EBITDA    
Operating profit before depreciation and amortization of intangible assets and property, plant and equipment.    
EBITDA is used to analyse profitability generated by operational activities.
     
  2020 2019
Profit/loss according to the income statement 672.5 196.2
Depreciation property, plant and equipment according to Note 16 (+) 144.5 124.2
Amortisation intangible assets according to Note 15 (+) 129.6 108.9
     
Operating profit before depreciation and amortisation, EBITDA 946.6 429.3
     
EBITA    
Operating profit before amortization of intangible assets.
EBITA is used to analyse profitability generated by operational activities.
     
  2020 2019
Profit/loss according to the income statement 672.5 196.2
Amortisation intangible assets according to Note 15 (+ 129.6 109.0
Operating profit before amortization of intangible assets 802.1 305.2
     
EBITA margiin    
EBITA in percentage of net sales.    
EBITA margin is used to analyse asset-creating generated from operational activities.
     
  2020 2019
Operating profit before amortization of intangible assets 802.1 305.2
Net sales according to the income statement 5,273.3 3,479.4
     
EBITA margin 802.1/5,273.3=15.2% 305.2/3,479.4=8.8%
     
Equity per share    
Shareholders' proportion of equity divided by the number of shares outstanding at the end of the reporting period.
     
  2020 2019
Shareholders' proportion of equity according to the balance sheet 1,882.2 1,466.9
Number of shares outstanding at the end of the reporting period, 000 112,487.0 112,237.0
     
Equity per share 1,882.2/112,487= 16.73 1,466.9/112,237=13.07
     
Cash flow per share    
Cash flow from operating activities. divided by the average number of shares.
     
  2020 2019
Cash flow from operating activities 950.1 400.4
Average number of shares 112,127 111,083
     
Cash flow per share 950.1/112,127=8.47 400.4/111,83=3.61
     
Net debt/equity ratio    
Financial net liabilities in relation to shareholders’ equity.
Net debt/equity ratio is used to analyse financial risk.
     
  2020 2019
Financial net liabilities 699.8 901.5
Equity according to balance sheet 1,890.3 1,476.2
     
Net debt/equity ratio 699.8/1,890.3=0.4 901.7/1,476.2=0.6
     
Earnings per share (EPS)    
Shareholders' proportion of profit/loss for the year in relation to the average number of shares outstanding.
     
  2020 2019
Shareholders' proportion of profit for the year according to the income statement 517.8 140.6
Average number of shares 112,127 111,083
     
Earnings per share (EPS) 517.8/112,127=4.63 140.6/111,083=1.28
     
Profit growth EBITA    
This year’s EBITA decreased by previous year’s EBITA divided by previous year’s EBITA.
Earnings growth EBITA is used to analyse asset-creating generated from operational activities.
     
  2020 2019
Operating profit before amortisation of intangible assets, EBITA (+) 802.1 305.2
Previous year’s operating profit before amortization of intangible assets, EBITA (-) -305.2 -244.8
Earnings growth EBITA 496.9 60.4
     
Profit growth EBITA 496.9/305.2=162.8% 60.4/244.8=24.7%
     
     
Financial net liabilities    
Interest-bearing liabilities and interest-bearing provisions less cash and cash equivalents.
Net debt is used to monitor debt development and analyse financial leverage and any necessary refinancing.
     
According to balance sheet 2020 2019
Non-current interest-bearing liabilities 241.6 149.4
Provisions for pensions 80.5 80.3
Interest-bearing provisions 29.5 24.0
Current interest-bearing liabilities 564.2 746.9
Interest-bearing liabilities and provisions. 915.8 1,000.6
     
Cash and equivalents (–) -216.0 -99.1
     
Financial net liabilities 699.8 901.5
     
Financial net liabilities/EBlTDA    
Financial net liabilities divided by EBITDA.
Financial net liabilities compared with EBITDA provides a key financial indicator for financial net liabilities in relation to cash-generated operating profit; i.e., an indication of the ability of the business to pay its debts. This measure is generally used by financial institutions as a measure of creditworthiness.
     
  2020 2019
Financial net liabilities 699.8 901.5
Operating profit before depreciation and amortisation, EBITDA 946.6 429.3
     
Financial net liabilities/EBlTDA 699.8/946.6=0,7 901.5/429.4 =2.1
     
Interest coverage ratio    
Profit after net financial items plus interest expenses plus/minus exchange rate fluctuations in relation to interest expenses.
     
  2020 2019
Profit/loss before taxes according to the income statement 659.0 182.3
Interest expenses, note 12 (+) 0.0 12.4
Net exchange rate fluctuations, note 12 0.0 0.8
Profit after net financial items excluding interest expense and exchange rate fluctuations 659.0 195.5
     
Interest coverage ratio 671,2/17,0=39,5 195,5/12,4 = 15,8
     
Working capital    
Sum of inventories and accounts receivable, less accounts payable. Average working capital for the year is used to calculate return on working capital (P/WC).
Working capital is used to analyse how much working capital is tied up in the business.
     
  2020 2019
Inventories yearly average (+) 660.3 438.1
Accounts receivable yearly average (+) 552.8 484.7
Accounts payable yearly average (-) -432.2 -325.1
     
Working capital, average (WC) 780.9 597.6
     
Operating margin    
Operating profit/loss as a percentage of net sales.    
     
  2020 2019
Profit/loss according to the income statement 672.5 196.2
Net sales according to the income statement 5,273.3 3,479.4
     
Operating margin 672.5/5,273.3=12.8% 196.2/3,479.4=5.6%
     
     
Equity ratio    
Equity as a percentage of total assets    
The equity ratio is used to analyse financial risk and shows how much of the assets are financed with equity.
     
  2020 2019
Equity according to balance sheet 1,890.3 1,476.2
Total assets according to balance sheet 4,149.6 3,274.4
     
Equity ratio 1,890.3/4,149.6= 45.6% 1,476.2/3274.4=45.1%
     
Debt/equity ratio    
Interest-bearing liabilities and interest-bearing provisions in relation to equity.
     
According to balance sheet 2020 2019
Non-current interest-bearing liabilities 241.6 149.4
Provisions for pensions 80.5 80.3
Interest-bearing provisions 29.5 24.0
Current interest-bearing liabilities 564.2 746.9
Interest-bearing liabilities and provisions 915.8 1,000.6
     
Equity according to balance sheet 1,890.3 1,476.2
     
Debt/equity ratio 915.8/1,890.3= 0.5 1,000.6/1,476.2=0.7
     
Capital employed    
Total assets less non-interest-bearing liabilities and provisions
     
According to balance sheet 2020 2019
Deferred tax liabilities 161.5 127.3
Accounts payable 648.8 346.5
Tax liabilities 81.1 25.0
Other liabilities 231.4 134.2
Accrued expenses and deferred income 210.1 161.2
Provisions 9.4 3.4
Non-interest-bearing liabilities and provisions 1,342.3 797.6
     
Total assets according to balance sheet 4,149.6 3,274.4
     
Capital employed 4,149.6-1,342.3=2,807.3 3,274.4-797.6=2,476.8
     
Profit margin    
Profit before taxes in percentage of net sales
     
  2020 2019
Profit/loss before taxes according to the income statement 659.0 182.3
Net sales according to the income statement 5,273.3 3,479.4
     
Profit margin 659.0/5,273.3=12.5% 182.3/3,479.4=5.2%
Latest updated: 3/29/2021 1:28:29 PM by sophia.dernulf@add.life