Untitled - Saxo World

DEFINITIONSKey figures and ratios are prepared in accordance withthe Danish Financial Business Act.Additional liquidity / liquidity requirementCash in hand and demand deposits with central banksplus Receivables from credit institutions and central banksplus Bonds at fair value, less the liquidity requirement (seebelow) as a percentage of the liquidity requirement.Core capital ratioTotal equity including Net profit less Intangible assets includinggoodwill in associates, Proposed dividend and Deferredtax assets as a percentage of weighted items.Income proportional to costOperating income plus Other income, Income from associatesand Income from subsidiaries proportional to Staffcosts and administrative expenses plus Depreciation, amortisationand write-down of intangible and tangible assetsplus Other expenses and Loss and provisions for baddebts.Foreign exchange rate risk / Core capitalForeign exchange rate risk as a percentage of Core capital.Growth of Loans and advancesIncrease in Loans and advances as a percentage of theprevious financial year.Liquidity requirement10 % of Total assets plus Guarantees, less Total equity andSubordinated loans.Loans and advances proportional to Total equityLoans and advances proportional to Total equity.Loans, advances and provisions / DepositsLoans and advances gross (before provisions) as a percentageof Deposits.Loss and provisions ratioLoss and provisions for bad debts on Loans and advancesas a percentage of Loans and advances plus Guarantees.Return before tax on Total equityProfit before tax as a percentage of average Total equity.Return after tax on Total equityNet profit as a percentage of average Total equity.Solvency ratioThe solvency ratio measures Base capital as a percentageof weighted items.The total of large engagements / Base capitalLarge engagements as a percentage of Base capital.Interest rate riskInterest rate risk under market risk as a percentage ofCore capital.ANNUAL REPORT 2009 · SAXO BANK · 81