Financial Statements - Solvay

ABAF: Belgian Financial Analysts Association
(Association Belge des Analystes Financiers)
Cash fl ow: Net income plus total depreciation,
amortization, impairments and other write-downs
Corporate and Support Activities:
Non-allocated items
Corporate & Business Support: Non-allocated items,
after larger direct allocations from 2007 onwards
Dividend yield (net): Net dividend divided by the
closing price on December 31
Dividend yield (gross): Gross dividend divided by
the closing price on December 31
Earnings per share: Net income (Solvay’s share)
divided by the weighted average number of shares,
after deducting treasury shares bought in to cover
stock option programs
Earnings per share (excluding discontinued
operations): As earnings per share, but excluding
discontinued activities from the net income (Solvay share)
Earnings per share (diluted): Net income
(Solvay share) divided by the weighted average number
of shares, after deducting treasury shares bought in
to cover stock option programs, and adding back other
potential sources of dilution
Earnings per share (diluted, excluding discontinued
operations): As diluted earnings per share, but excluding
discontinued activities from the 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 Idem for
REBITDA
IFRS: International Financial Reporting Standards
REBIT: Operating result, i.e. EBIT before non-recurring
items
REBITDA: REBIT before recurrent 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 defi nition
Velocity adjusted by free fl oat: Velocity adjusted as
a function of the percentage of listed shares held by the
public, using the Euronext defi nition
Financial Glossary
159
Solvay Global Annual Report 2008
Glossaries