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KEY FIGURES AND RATIOS<br />
Net sales Operating income** Invested capital at year end<br />
pro forma* pro forma* pro forma*<br />
Millions of guilders 1998 1998 1997 1998 1998 1997 1998 1998 1997<br />
Pharma 5,120 5,099 4,615 1,058 1,057 931 3,098 3,052 2,756<br />
<strong>Coatings</strong> 10,500 9,065 8,382 883 778 751 4,989 3,819 3,393<br />
Chemicals 7,480 7,454 7,575 705 704 730 5,692 5,671 5,850<br />
Acordis/Fibers 4,291 3,336 3,539 141 123 93 3,687 2,452 2,530<br />
Other*** 116 (150) (59 ) (50) (45) (34 ) 1,144 528 294<br />
Total 27,507 24,804 24,052 2,737 2,617 2,471 18,610 15,522 14,823<br />
Operating income** Operating income** Net sales/invested<br />
as % of net sales as % of invested capital capital<br />
pro forma* pro forma* pro forma*<br />
Ratios 1998 1998 1997 1998 1998 1997 1998 1998 1997<br />
Pharma 20.7 20.7 20.2 36.1 36.4 36.2 1.75 1.76 1.79<br />
<strong>Coatings</strong> 8.4 8.6 9.0 21.1 21.6 23.1 2.51 2.51 2.57<br />
Chemicals 9.4 9.4 9.6 12.2 12.2 12.6 1.30 1.29 1.31<br />
Acordis/Fibers 3.3 3.7 2.6 4.5 4.9 3.7 1.38 1.34 1.39<br />
Akzo Nobel 10.0 10.6 10.3 16.4 17.2 17.2 1.65 1.63 1.67<br />
Expenditures Depreciation Capital expenditures/<br />
Property, plant and equipment Property, plant and equipment depreciation<br />
pro forma* pro forma* pro forma*<br />
Millions of guilders/ratio 1998 1998 1997 1998 1998 1997 1998 1998 1997<br />
Pharma 381 371 235 209 208 177 1.8 1.8 1.3<br />
<strong>Coatings</strong> 428 368 287 294 259 241 1.5 1.4 1.2<br />
Chemicals 612 611 579 565 564 544 1.1 1.1 1.1<br />
Acordis/Fibers 298 184 184 290 249 239 1.0 0.7 0.8<br />
Other*** 86 66 127 99 84 92<br />
Total 1,805 1,600 1,412 1,457 1,364 1,293 1.2 1.2 1.1<br />
* The pro forma figures exclude all effects of the Courtaulds acquisition.<br />
** Before nonrecurring items.<br />
*** Other activities, intercompany deliveries, and nonallocated items.<br />
The terms and conditions for intercompany deliveries are negotiated at arm’s length and<br />
are therefore, in principle, identical with the ones used in transactions with third parties.<br />
International intercompany deliveries are made in accordance with standard procedures<br />
that take due account of tax, currency, and pricing regulations in effect in the countries<br />
concerned.<br />
22<br />
▼<br />
For definitions of certain<br />
financial ratios and concepts<br />
see back cover foldout.
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