Page 10 - KWH Annual review 2017

yeARs of stRong development
KWH 2017 2016
2015
2014
2013
consolIdAted Income stAtement
Turnover
Finland. EUR million 174.5 141.8
126.9
150.2
144.8
Exports from Finland. EUR million 212.4 189.1
173.9
158.4
140.5
Foreign Operations. EUR million 82.7 68.4
67.6
59.1
56.3
TOTAL. EUR MILLION 465.0 394.7
364.4
364.1
337.7
Salaries. Wages and Social Charges. EUR million 113.8 98.7
97.1
93.3
86.5
Depreciation and Impairment. EUR million 25.0 24.0
22.2
21.1
20.4
Operating Pro t. EUR million 63.0 48.1
40.1
37.3
30.0
Financing Items. EUR million 3.5 1.1
2.1
2.0
2.2
Pro t before Taxes. EUR million 59.4 47.1
38.1
35.2
27.8
Taxes according to the Income Statement. EUR million 11.5 10.7
8.7
7.9
6.3
Pro t for the Financial Year. EUR million 47.9 36.3
29.4
27.3
25.9
consolIdAted bAlAnce sHeet
Non-current Assets. EUR million 323.0 290.8
277.4
264.7
261.9
Inventories. EUR million 50.2 46.0
46.3
47.4
44.1
Receivables. EUR million 72.9 57.3
54.1
66.4
61.3
Cash in Hand and at Bank. EUR million 95.2 94.9
75.5
49.6
49.5
Shareholders’ Equity. EUR million 438.8 396.9
367.4
343
324.1
Liabilities. EUR million 102.5 92.1
85.9
85.2
92.6
Net interest-bearing Liabilities. EUR million -76.5 -73.5
-54.0
-41.2
-33.5
Balance Sheet Total. EUR million 541.3 489
453.3
428.2
416.8
RAtIos
Change in Turnover. % 18 8
0
8
8
Exports and Foreign Operations. % 63 65
66
60
58
Share of Group Turnover
Mirka.% 58 61
64
57
56
KWH Logistics. % 35 33
31
38
39
KWH Invest and others. % 8 7
5
5
5
Return on Capital Employed. % 14 12
10
10
9
Return on Shareholders’ Equity. % 12 10
8
8
8
Equity Ratio. % 81 81
81
80
78
Gearing. % -17 -19
-15
-12
-10
otHeR InfoRmAtIon
Gros Investments. EUR million 52.7 39.4
35.4
31.5
38.0
Net Investments. EUR million 52.4 37.4
34.7
29.3
37.8
Average Number of Personnel 1,926 1,729
1,652
1,631
2,090
of which abroad 596 477
412
398
716
Turnover per Employee. EUR 1.000 241 228
221
223
209
cAlculAtIon of fInAncIAl RAtIos
RetuRn on cApItAl employed
pro t before taxes + interest and other nancial expenses balance sheet total - non-interest-bearing liabilities in average
eQuIty RAtIo
x100 shareholders’ equity + minority interest x100 balance sheet total - advances received
RetuRn on sHAReHoldeRs’ eQuIty
net pro t
shareholders’ equity + minority interest in average
geARIng
x100 interest-bearing liabilities - cash in hand and at bank x100 shareholders’ equity + minority interest
8