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**Risk-bearing capital, %**

The sum of the equity and deferred tax liabilities as a percentage of the balance sheet total.

**Return on equity (ROE)**

Return for the period as a percentage of average equity.

**Return on capital employed (ROCE)**

Return before tax, with the addition of financial expenses, as a percentage of average capital employed.

**Return on total capital (ROTC)**

Return before tax, with the addition of financial expenses, as a percentage of average balance sheet total.

**Gross margin**

Operating profit/loss before depreciation and amortisation as a percentage of net revenue.

**Equity per share**

Equity divided by the number of shares on the reporting date.

**Cash flow per share**

Cash flow from operating activities divided by the average number of shares.

**Operating capital**

Tangible fixed assets plus trade debtors plus stock minus trade creditors.

**Earnings per share**

Return for the period divided by the average number of shares.

**Net interest-bearing liabilities**

The net value of interest-bearing liabilities minus financial assets including cash and cash equivalents.

**Interest coverage ratio**

Profit before tax, with the addition of financial expenses excluding exchange losses, divided by financial expenses excluding exchange losses.

**Operating margin**

Operating profit/loss as a percentage of net revenue.

**Debt/equity ratio**

Interest-bearing liabilities divided by equity.

**Capital employed**

Balance sheet total reduced by non-interest bearing liabilities.

**Equity ratio**

Equity as a percentage of the balance sheet total.

**Profit margin**

Profit before tax as a percentage of net sales.