1. Annual report 2014
  2. Board of Directors' Report
  3. Financial statements
  4. Notes to the Financial Statements
  5. Notes 22–23
  • Supervisory Board
  • Risk management
  • Insider administration
  • Audit
  • Internal audit
  • Remuneration
  • VR City Traffic
  • Properties
  • Conductor
  • For the investor
    • 22 Disputes
    The group has no major disputes
    23 Group key financial figures
    2014 2013 2012 2011 2010
    Scope of operations
    Net sales M€ 1,367 1,421 1,438 1,437 1,423
    Balance sheet M€ 1,877 1,809 1,774 1,748 1,722
    Gross capital expenditure M€ 120 157 122 163 159
    - as % of net sales % 8.8 11.0 8.5 11.3 11.2
    Average number of man years 9,689 10,234 11,080 11,391 11,909
    Profitability
    Operating profit M€ 90.4 70.6 52.4 20.9 43.1
    - as % of net sales % 6.6 5.0 3.6 1,5 3.0
    Net profit M€ 67.6 65.3 38.8 15,3 30.0
    Return on investment (ROI) % 5.9 4.8 3.9 1,7 3,3
    Return of equity (ROE) % 4.5 4.6 2.9 1,6 2,3
    Solvency
    Equity ratio % 82.5 83.5 82.2 81.0 80,9
    Liquidity
    Quick ratio 2.2 2.0 1.7 1.3 1.3
    Calculation of key figures
    Capital investments = Balance sheet total - interest-free liabilities
    Return on interest (ROI) = (Profit before extraordinary items - income taxes and change in deferred taxes)*100
    Shareholders' equity + minority interest (average)
    Return on equity (ROE) = (Profit before extraordinary items - income taxes and change in deferred taxes)*100
    Shareholders' equity + minority interest (average)
    Equity ratio = (Shareholders' equity + minority interest) * 100
    Balance sheet total - short-term and long-term advanced payments received
    Quick Ratio = Financial assets (pl. long-term receivables) - receivables on precentage of completion
    Short-term liabilities - advanced payments received