Volvo 2012 Annual Report Download - page 183

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Key ratios
2012 2 011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Gross margin, %121.9 23.7 23.3 13.9 21.3 22.6 22.7 21.8 21.6 19.2 17.9
Research and development expenses
as percentage of net sales15.0 4.4 5.0 6.3 4.9 4.0 3.4 3.3 3.8 3.9 3.3
Selling expenses as percentage of
net sales19.0 8.0 8.8 11. 4 8.7 8.9 8.0 8.5 9.1 9.1 8.7
Administration expenses as
percentage of net sales11.9 2.3 2.2 2.8 2.3 2.6 2.6 2.7 2.6 3.0 3.1
Return on shareholders' equity, % 12.9 23.1 16.0 (19.7) 12.1 18.1 19.6 17.8 13.9 0.4 1.7
Interest coverage, times16.7 9.6 5.9 (4.7) 8.8 20.7 26.1 16.7 11. 0 1.9 2.2
Self-financing ratio, % 18 118 270 137 5153 189 116 163 152 110
Self-financing ratio Industrial
Operations, % 72 210 294 (16) 78 265 235 173 268 243 196
Financial position, Industrial
Operations, SEK M (22,978) (19,346) (24,691) (41,489) (29,795) (4,305) 23,076 18,675 18 ,110 (2,426) (6,063)
Net financialposition as percentage of
shareholders' equity, Industrial Operations (29.3) (25.2) (37.4) (70.9) (39.7) (5.7) 29.2 23.7 25.8 (3.3) (7.7)
Shareholders’ equity as percentage of
total assets 25.7 24.3 23.3 20.2 22.7 25.7 33.7 30.6 31.3 31.4 32.8
Shareholders’ equity as percentage of
total assets, Industrial Operations 30.9 28.5 26.9 23.8 28.4 30.8 40.6 40.4 40.0 40.5 42.4
Shareholders’ equity excluding minority
interest as percentage of total assets 25.2 23.9 23.0 20.0 22.6 25.6 33.6 30.5 31.2 31.3 32.7
1 Pertains to the Industrial Operations. For periods up to and including 2006, Volvo Financial Services is included and consolidated according to the equity method.
Exports from Sweden
SEK M 2012 2 011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Volvo Group, total 84,314 91,065 72,688 41,829 96,571 88,606 80,517 71,133 62,653 49,300 52,730
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