Annual report 2016

Calculation of key figures (IFRS)

 

 

Return on equity, %

100 x

result for the period (12m rolling)

 
   

total equity (average of opening and closing balance of previous 12m)

 
             

Return on invested capital, %

100 x

result before income tax (12m rolling)

+ interest and other financial expenses (12m rolling) *)

   

total equity + interest-bearing debt (average of opening and closing balance of prev. 12m)

             
   

*) Interest and other financial expenses excluding  unrealized losses on financial liabilities and interest rate derivatives and deducted by interest income on interest rate derivatives and unrealized gains on financial liabilities.

             

Equity ratio, %

100 x

total equity

 
   

total assets - advances received (current and non-current)

 
             

Gearing, %

100 x

net debt

     
   

total equity

     
             

Interest-bearing debt

 

Non-current and current borrowings

   
             

EBITDA

 

EBITDA is operating result excluding depreciation, amortization and impairment losses.

             

Adjusted EBITDA

 

Adjusted EBITDA is EBITDA excluding special items.

 
             

Adjusted operating result

 

Adjusted operating result is operating result excluding special items.

 
             

In order to enhance the comparability between periods, Posti reports adjusted EBITDA and adjusted operating result, where material items which are considered to incur outside of ordinary course of business are adjusted. These are referred as special items.

             

Special items

 

The Group reports separately special items which include reorganization costs, significant impairment losses on assets, impairment on goodwill and impairment on purchase price allocations generated in business combinations. Also significant sales gains or losses on sale of shares, real-estates or business operations, changes in purchase consideration for business combinations after the date of acquisition recognized in income statement, and other material items outside of ordinary course of business are defined as special items.

             

Current interest-bearing receivables

 

Key figure consist of financial assests held to maturity and financial assets at fair value through profit or loss - excluding derivatives.

             

Liquid funds

 

Liquid funds consist of cash and cash equivalents, money market investments and investments in bonds.

             

Gross capital expenditure

 

Investments in intangible and tangible assets, finance lease assets, and business acquisitions.