Five-year financial summary

  Pro forma1) Pro forma1) Result Result Result Result Result
 SEK m 2013 2012 2013 2012 2011 2010 2009
Income statement              
Net sales 99,456 99,602 77,702 2,726 2,498 2,663 2,392
Operating profit (EBIT) excluding non-recurring items 3,004 2,715 2,554 118 283 114 373
Operating profit (EBIT) 2,547 2,607 10,274 212 283 –170 373
Profit/loss before tax 1,919 2,091 9,825 244 233 –124 621
Profit/loss for the year 1,424 312 9,446 262 40 –174 651
               
Balance sheet              
Non-current assets 52,352 51,742 52,352 8,207 8,894 9,043 9,855
Cash and cash equivalents and short-term investments 3,949 4,788 3,949 1,446 1,001 1,223 1,049
Other current assets 12,660 12,835 12,660 728 827 931 943
Total assets 68,961 69,365 68,961 10,381 10,722 11,197 11,847
               
Equity 26,541 22,899 26,541 9,021 9,275 9,625 10,682
Non-current liabilities 13,612 20,022 13,612 633 517 399 303
Current liabilities 28,808 26,444 28,808 727 930 1,173 862
Total equity and liabilities 68,961 69,365 68,961 10,381 10,722 11,197 11,847
               
Cash flow              
Cash flow from operating activities     3,975 814 669 534 486
From investing activities     –16,585 –266 9 –311 47
From financing activities     16,203 –505 –577 –300 –479
Cash flow for the year     3,593 43 101 –77 54
               
Key figures              
Operating margin, % 2.6 2.6 13.2 7.8 11.3 –6.4 15.6
Return on capital employed, % 6.1 7.0 6.6 2.9 2.8 –0.9 6.3
Return on equity, % 6.0 1.1 6.5 2.9 0.4 –1.7 6.4
Equity/assets ratio, % 38.5 33.0 38.5 86.9 86.5 86.0 90.2
               
Share data              
Earnings per share, SEK     49.68 1.65 1.74 –0.51 3.98
Equity per share, SEK     116.23 55.28 56.75 59.35 65.38
Cash flow per share, SEK     17.87 0.27 0.59 –0.45 0.32
Dividend per ordinary share, SEK     8.00 6.25 6.00 6.00
Share price at 31 December, SEK     201.00 118.30 96.05 117.60 111.75
Direct yield, %     4.0 n.a 6.5 5.1 5.4
               
Number of shares              
Ordinary shares after repurchase     118,937,248 78,597,674 78,597,414 78,584,624 78,584,624
C shares     82,067,892 82,067,892 82,067,892 82,067,892 82,067,892
Total number of shares     201,005,140 160,665,566 160,665,306 160,652,516 160,652,516
Total average number of shares after repurchase     190,006,752 169,828,539 169,828,539 169,828,539 169,828,539
               
1) The figures refer to the full year and exclude the effects of acquisition of ICA AB

Definitions of key figures:

Return on equity (ROE)

Profit after tax, excluding acquisition effects, as a percentage of average equity. ICA Bank’s operations are excluded from both the income statement and balance sheet when calculating return on equity.

Return on capital employed (ROCE)

Profit after financial income, excluding acquisition effects, as a percentage of average capital employed. ICA Bank’s operations are excluded from both the income statement and balance sheet when calculating return on capital employed.

Equity per share

Equity, excluding non-controlling interests, divided by the total number of shares outstanding.

Cash flow per share

Cash flow for the period divided by the average number of shares outstanding.

Net debt

Interest-bearing liabilities excluding pensions, ICA Bank and cash and cash equivalents.

Earnings per ordinary share

Profit for the period, excluding non-controlling interests, divided by the average number of shares outstanding.

Earnings per C share

Same definition as Earnings per ordinary share, since ordinary shares and C shares provide entitlement to equal participation in earnings and equity. C shares do not carry entitlement to a cash dividend, which is the case for ordinary shares.

Operating margin

Operating profit as a percentage of net sales.

Equity/assets ratio

Equity including non-controlling interests as a percentage of total assets.

Capital employed

Total assets less non-interest bearing liabilities and provisions.