Saab 2011 Annual Report Download - page 134

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NOTE 49
EXCHANGE RATES USED IN FINANCIAL STATEMENTS
Year-end rate Average rate
Country 2011 2010 2011 2010
Australia AUD 1 7.03 6.92 6.70 6.61
Denmark DKK 100 120.33 120.75 121.26 128.13
Euro EUR 1 8.94 9.00 9.03 9.54
Canada CAD 1 6.78 6.81 6.57 6.99
Norway NOK 100 115.05 115.20 115.87 119.16
Switzerland CHF 1 7.36 7.24 7.35 6.91
UK GBP 1 10.68 10.55 10.41 11.13
South Africa ZAR 100 85.08 103.00 89.72 98.41
Czech Republic CZK 100 34.64 35.54 36.76 37.76
USA USD 1 6.92 6.80 6.50 7.20
NOTE 50
DEFINITIONS OF KEY RATIOS
Gross margin
Gross income as a percentage of sales.
Operating margin
Operating income as a percentage of sales.
EBITDA margin
Operating income before depreciation, amortisation and impairments less
depreciation and impairments of lease aircras as a percentage of sales.
Capital employed
Total capital less non-interest-bearing liabilities.
Return on capital employed
Operating income plus nancial income as a percentage of average capital
employed.
Return on equity
Net income for the year as a percentage of average equity.
Profit margin
Operating income plus nancial income as a percentage of sales.
Capital turnover
Sales divided by average capital employed.
Net liquidity/net debt
Liquid assets, short-term investments and interest-bearing receivables less
interest-bearing liabilities and provisions for pensions.
Equity/assets ratio
Equity in relation to total assets.
Interest coverage ratio
Operating income plus nancial income divided by nancial expenses.
Earnings per share
Net income for the year attributable to Parent Company shareholders’
interest , divided by the average number of shares before and aer full
dilution. ere is no dilution impact if the result is negative.
Equity per share
Equity attributable to the Parent Company’s shareholders divided by the
number of shares, excluding treasury shares, at the end of the year.
Operating cash flow per share
Operating cash ow divided by the average number of shares aer dilution.
Cash flow from operating activities per share
Cash ow from operating activities divided by the average number of shares
aer dilution.
FINANCIAL INFORMATION > NOTES
130 SAAB ANNUAL REPORT 2011