66 five-year suMMary SEK millions 2010 2009 2008 2007 2006 Consolidated income statement Revenue 4,451 4,741 4,325 3,899 3,202 Operating profit, EBITDA 671 728 679 672 595 Operating profit, EBITA 536 593 533 580 506 Operating profit, EBIT 434 428 446 498 443 Profit before tax 285 239 30 347 279 Profit for the year 194 62 16 281 162 Consolidated statement of financial position Intangible assets 5,182 5,613 6,043 5,163 3,944 Property, plant and equipment 285 367 414 326 191 Other non-current assets 154 142 222 232 221 Current assets 901 949 1,103 920 791 Cash and cash equivalents 259 368 324 214 298 Total assets 6,781 7,439 8,105 6,856 5,445 Equity 1,050 1,150 1,223 2,434 984 Non-current borrowings 3,204 3,529 3,826 1,879 2,650 Other non-current liabilities 509 668 724 646 484 Current borrowings 347 332 393 497 196 Derivative financial instruments 74 136 144 2 Other current liabilities 1,596 1,625 1,795 1,397 1,131 Total equity and liabilities 6,781 7,439 8,105 6,856 5,445 Consolidated statement of cash flow Cash flow from operating activities 464 471 426 470 186 Cash flow from investing activities -252 -130 -603 -964 -657 Cash flow from financing activities -298 -384 269 403 460 Key ratios Revenue, SEK M 4,451 4,741 4,325 3,899 3,202 Revenue growth, % -6.1 9.6 10.9 21.8 n/a Number of employees at 31 December 2,974 3,095 3,189 3,008 2,524 Average number of employees 3,080 3,167 2,940 2,790 2,397 Revenue per employee, SEK K 1,445 1,497 1,471 1,398 1,336 Operating margin, EBITDA, % 15.1 15.4 15.7 17.2 18.6 Operating margin, EBITA, % 12.0 12.5 12.3 14.9 15.8 Operating margin, EBIT, % 9.7 9.0 10.3 12.8 13.8 Net debt, SEK M 2,289 2,685 3,148 2,297 1,673 Net debt/EBITDA 3.41 3.69 4.64 3.42 2.81 DefiniTions Average number of employees – The average number of full-time employees during the year. Earnings per share – Profit attributable to owners of the Parent Company divided by the average number of shares outstanding. Net debt – Interest-bearing provisions and liabilities (excluding loans from shareholders) less cash and cash equivalents and other interest-bearing receivables. Operating margin – Operating profit, EBIT, EBITA or EBITDA as a percentage of revenue. Operating profit, EBIT – Profit before tax and financial items. Operating profit, EBITA – Profit before tax, financial items and amortisation/ impairment of intangible assets arising from business combinations. Operating profit, EBITA excluding capital gains – Operating profit, EBITA adjusted for capital gains and losses from sale of subsidiaries, associates or other share holdings. Operating profit, EBITDA – Profit before tax, financial items and depreciation, amortisation and impairment losses. Revenue per employee – Revenue divided by the average number of employees. The figures in the annual report have been rounded off, while the calculations have been made without rounding off. As a result, the figures in certain tables and key ratios may appear not to add up correctly.
meenu chourasia database manager Cover: Photo of Jonathan Loriaux, Gretel De Cock and Maji Mokwabo art direction: Ottoboni Illustrations: Dan Berglund Layout: Komodo design Photo: Sune Fridell and Yannis Argyropoulos/Killingshoot studio Copy: Vesir and Open Communications Printing: Done
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