Annual Report 2002 - Fiskars Corporation

40Five Years in Figures2002 2001 2000 1999 1998Net sales M€ 725 762 824 665 562of which outside Finland M€ 688 726 785 630 528in per cent of net sales % 94.9 95.2 95.3 94.8 93.9Percentage change of net sales % –4.8 –7.5 23.9 18.2 17.7Profit before depreciation and amortization M€ 71 54 70 81 84in per cent of net sales % 9.7 7.1 8.4 12.2 14.9Operating profit M€ 28 12 28 49 58in per cent of net sales % 3.8 1.6 3.4 7.3 10.3Financial net M€ 44 24 11 12 –9in per cent of net sales % 6.1 3.1 1.3 1.8 1.6Profit before taxes M€ 72 36 39 61 49in per cent of net sales % 9.9 4.7 4.7 9.1 8.7Taxes M€ 23 13 13 21 19Profit for the financial year M€ 50 23 26 40 30in per cent of net sales % 6.8 3.0 3.2 6.0 5.4Capital expenditure (incl. acquisitions) M€ 35 40 104 173 46in per cent of net sales % 4.9 5.2 12.6 26.1 8.2Research and development costs M€ 5 6 9 7 6in per cent of net sales % 0.7 0.8 1.0 1.1 1.1Equity M€ 429 407 397 383 347Interest bearing debt M€ 266 400 492 383 219Non-interest bearing debt M€ 115 122 128 114 84Balance sheet total M€ 809 929 1 016 879 649Return on investment % 12 8 9 12 12Return on equity % 12 6 7 11 9Equity ratio % 53 44 39 44 53Persons employed, average 4 095 4 489 5 340 5 621 4 854Persons employed, Dec. 31 4 206 4 556 5 337 5 657 4 993of which outside Finland 3 298 3 731 4 501 4 876 4 230FORMULAS FOR CALCULATION OF RATIOSReturn on investment in per cent =Return on equity in per cent =Equity ratio in per cent =Earnings per share =Dividend per earnings in per cent =Dividend per share =Price per earnings =Equity per share =Dividend yield in per cent =Adjusted average share price =Earnings before extraordinary items + interest and other financial expenseBalance sheet total - non-interest bearing debt(average of beginning and end of year amounts)Earnings before extraordinaryl items - taxesx 100Equity + minority shareholders’ equity(average of beginning and end of year amounts)Equity + minority shareholders’ equityx 100Balance sheet totalEarnings before extraordinary items - minority interest - taxesAdjusted average number of sharesDividend paidx 100Earnings (calculated as in Earnings per share)Dividend paidAdjusted number of shares Dec. 31Adjusted market quotation Dec. 31Earnings per shareEquityAdjusted number of shares Dec. 31Dividend per sharex 100Adjusted quotation Dec. 31Value of shares traded during the periodAdjusted number of shares traded during the periodx 100