Page 10 - KWH Group – Annual Review 2016

YEARS OF STABLE DEVELOPMENTKWH 2016 2015201420132012CONSOLIDATED INCOME STATEMENTTurnoverFinland. EUR million 141.8 126.9150.2144.8126.3Exports from Finland. EUR million 189.1 173.9158.4140.5139.8Foreign Operations. EUR million 68.4 67.659.156.353.3TOTAL. EUR MILLION 394.7 364.4364.1337.7313.5Salaries. Wages and Social Charges. EUR million 98.7 97.193.386.585.1Depreciation and Impairment, EUR million 24.0 22.221.120.418.2Operating Pro t, EUR million 48.1 40.137.330.017.8Financing Items, EUR million 1.1 2.12.02.21.8Pro t before Taxes, EUR million 47.0 38.135.227.815.9Taxes according to the Income Statement, EUR million 10.7 8.77.96.35.1Pro t for the Financial Year, EUR million 36.3 29.427.325.918.1CONSOLIDATED BALANCE SHEETNon-current Assets, EUR million 290.8 277.4264.7261.9236.1Inventories, EUR million 46.0 46.347.444.181.4Receivables, EUR million 57.3 54.166.461.386.5Cash in Hand and at Bank, EUR million 94.9 75.549.649.547.9Shareholders’ Equity, EUR million 396.9 367.4343.0324.1305.6Liabilities, EUR million 92.1 85.985.292.6146.3Net interest-bearing Liabilities, EUR million -73.5 -54.0-41.2-33.52.7Balance Sheet Total, EUR million 489.0 453.3428.2416.8451.9RATIOSChange in Turnover, % 8 0884Exports and Foreign Operations, % 65 66605862Share of Group TurnoverMirka, % 61 64575656KWH Logistics, % 33 31383935KWH Invest and others, % 7 5559Return on Capital Employed, % 12 101097Return on Shareholders’ Equity, % 10 8886Equity Ratio, % 81 81807868Gearing, % -19 -15-12-101OTHER INFORMATIONGros Investments, EUR million 39.4 35.431.538.031.4Net Investments, EUR million 37.4 34.729.337.826.8Average Number of Personnel 1,729 1,6521,6312,0902,711of which abroad 477 4123987161 061Turnover per Employee, EUR 1,000 228 221223209207CALCULATION OF FINANCIAL RATIOSRETURN ON CAPITAL EMPLOYEDpro t before taxes + interest and other nancial expenses balance sheet total - non-interest-bearing liabilities in averageEQUITY RATIOx100 shareholders’ equity + minority interest x100 balance sheet total - advances receivedRETURN ON SHAREHOLDERS’ EQUITYnet pro tshareholders’ equity + minority interest in averageGEARINGx100 interest-bearing liabilities - cash in hand and at bank x100 shareholders’ equity + minority interest8