Electrolux 2014 Annual Report Download - page 82
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Financial position
• Equity/assets ratio was .% (.).
• Return on equity was .% (.).
• Return on net assets, excluding items affecting comparability, increased to .% (.).
• Financial net debt decreased to SEK ,m (,).
Net assets and working capital
Working capital amounted to SEK –,m (–,),
corresponding to –.% (–.) of net sales.
Net assets and working capital
SEKm
Dec. ,
% of
annual-
ized net
sales
Dec. ,
% of
annual-
ized net
sales
Inventories , . , .
Trade receivables , . , .
Accounts payable –, –. –, –.
Provisions –, –,
Prepaid and accrued income
and expenses –, –,
Taxes and other assets and
liabilities –, –
Working capital –, –. –, –.
Property, plant and equipment , ,
Goodwill , ,
Other non-current assets , ,
Deferred tax assets and
liabilities , ,
Net assets , . , .
Average net assets , . , .
Return on net assets, % . .
Return on net assets,
excluding items affecting
comparability, % . .
Adjusted for items affecting comparability, i.e., restructuring
provisions, average net assets amounted to SEK ,m
(,), corresponding to .% (.) of net sales.
Return on net assets
SEKm %
Average net assets
Return on net assets)
,
,
,
,
,
1413121110
Net assets as of December , ,
amounted to SEK ,m. Return on net
assets, increased to .% (.).
) Excluding items affecting comparability.
Change in net assets
SEKm Net assets
December , ,
Change in restructuring provisions
Write-down of assets –,
Changes in exchange rates ,
Capital expenditure ,
Depreciation –,
Other changes in fixed assets and working capital, etc. ,
December , ,
Liquid funds
Liquidity profile
SEKm Dec. , Dec. ,
Liquid funds , ,
% of annualized net sales) . .
Net liquidity , ,
Fixed interest term, days
Effective annual yield, % . .
) Liquid funds plus an unused revolving credit facility of EUR m and a committed credit
facility of SEK ,m divided by annualized net sales.
For additional information on the liquidity profile, see Note .
Liquid funds as of December , , amounted to
SEK ,m (,), excluding short-term back-up credit facil-
ities. Electrolux has two unused committed back-up facilities.
One credit facility of SEK ,m maturing in and one
EUR m multi-currency revolving credit facility, approxi-
mately SEK ,m, maturing in .
Capital turnover-rate
times
.
.
.
.
.
.
1413121110
Capital turnover-rate increased to . (.).
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ELECTROLUX ANNUAL REPORT