Saab 2014 Annual Report Download - page 133

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FINANCIAL INFORMATION – NOTES
Operating income/loss (EBIT) 2014
MSEK Q1 actual
Adjustment structural
change Q1 restated
Aeronautics 118 -11 107
Dynamics 28 - 28
EDS -36 11 -25
SDS -12 - -12
S&S 87 - 87
Combitech 25 -25 -
IPS - 12 12
Corporate 60 13 73
Total 270 - 270
MSEK Q2 actual
Adjustment structural
change Q2 restated
Aeronautics 118 -10 108
Dynamics 36 - 36
EDS 51 -1 50
SDS 75 - 75
S&S 122 - 122
Combitech 24 -24 -
IPS - 20 20
Corporate -53 15 -38
Total 373 - 373
MSEK Q3 actual
Adjustment structural
change Q3 restated
Aeronautics 46 -23 23
Dynamics -26 - -26
EDS 95 5 100
SDS 71 - 71
S&S 43 - 43
Combitech 9 -9 -
IPS - 1 1
Corporate 20 26 46
Total 258 - 258
MSEK Q4 actual
Adjustment structural
change Q4 restated
Aeronautics 198 -38 160
Dynamics 127 - 127
EDS 95 -9 86
SDS 222 - 222
S&S 124 - 124
Combitech 34 -34 -
IPS - 79 79
Corporate -42 2 -40
Total 758 - 758
MSEK 2014 actual
Adjustment structural
change 2014 restated
Aeronautics 480 -82 398
Dynamics 165 - 165
EDS 205 6 211
SDS 356 - 356
S&S 376 - 376
Combitech 92 -92 -
IPS - 112 112
Corporate -15 56 41
Total 1,659 - 1,659
NOTE 51 EXCHANGE RATES USED IN
FINANCIAL STATEMENTS
Year-end rate Average rate
Land 2014 2013 2014 2013
Australia AUD 1 6.37 5.76 6.19 6.30
Denmark DKK 100 127.81 119.86 122.03 115.99
Euro EUR 1 9.52 8.94 9.10 8.65
India INR 100 12.30 10.49 11.25 11.17
Canada CAD 1 6.72 6.07 6.21 6.33
Norway NOK 100 105.16 105.80 108.94 110.95
Switzerland CHF 1 7.91 7.29 7.49 7.03
UK GBP 1 12.14 10.73 11.29 10.19
South Africa ZAR 100 67.22 62.13 63.19 67.73
Czech
Republic CZK 100 34.35 32.60 33.04 33.33
USA USD 1 7.81 6.51 6.86 6.51
NOTE 52 DEFINITIONS OF KEY RATIOS
Capital employed Total assets less non-interest-bearing liabilities.
Capital turnover Sales divided by average capital employed.
Cash flow from operating activities per share Cash flow from operating
activities divided by the average number of shares after dilution.
Earnings per share Net income for the year attributable to Parent Company
shareholders’ interest , divided by the average number of shares before and after
full dilution. There is no dilution impact if the result is negative.
EBITDA margin Operating income before depreciation, amortisation and
write-downs less depreciation and write-downs of lease aircrafts as a percentage
of sales.
Equity/assets ratio Equity in relation to total assets.
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.
Gross margin Gross income as a percentage of sales.
Interest coverage ratio Operating income plus financial income divided by
financial expenses.
Net liquidity/net debt Liquid assets, short-term investments and interest-bearing
receivables less interest-bearing liabilities and provisions for pensions, excluding
special employer’s contribution.
Operating cash flow per share Operating cash flow divided by the average
number of shares after dilution.
Operating margin Operating income as a percentage of sales.
Profit margin Operating income plus financial income as a percentage of sales.
Return on capital employed Operating income plus financial income as a
percentage of average capital employed.
Return on equity Net income for the year as a percentage of average equity.
SAAB ANNUAL REPORT 2014 – 129