+1 - Solvay

Financial Glossary
ABAF: Belgian Financial Analysts Association
(Association Belge des Analystes Financiers)
Cash flow: Net income plus total depreciation,
amortization, impairments and other write-downs
Corporate & Business Support:
Non-allocated items, after larger direct allocations
from 2007 onwards
Dividend yield (net): Net dividend divided by the
closing share price on 31 December
Dividend yield (gross): Gross dividend divided
by the closing share price on 31 December
Earnings per share: Net income (Solvay’s share)
divided by the weighted average number of shares,
after deducting own shares purchased to cover
stock option programs
Earnings per share
(excluding discontinued operations):
As earnings per share but excluding discontinued
operations from the net income figure (Solvay’s share)
Earnings per share (diluted):
Net income (Solvay’s share) divided by the
weighted average number of shares, after deducting
treasury shares purchased to cover stock option
programs, and adding back other potential sources
of dilution (outstanding options, etc)
Earnings per share
(diluted, excluding discontinued operations):
As diluted earnings per share, but excluding
discontinued operations from net income (Solvay share)
EBIT: Earnings before interests and taxes
Equity (per share): Equity divided by the average
number of shares for calculating IFRS results.
The same denominator is used in calculating cash flow
and REBITDA per share
IFRS: International Financial Reporting Standards
REBIT: Operating result, ie EBIT before
non-recurrent items
REBITDA: REBIT, before depreciation
and amortization
ROE: Return on equity
Velocity: Total number of shares traded during the year
divided by the total number of listed shares, using
the Euronext definition
Velocity adjusted by free float: Velocity adjusted
as a function of the percentage of the listed shares held
by the public, using the Euronext definition
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Solvay Global Annual Report 2007