Return on equity, % =
100 x
result for the period (12m roll.)
total equity average
Return on invested capital, % =

100 x
result before income tax (12m roll.) +
interest and other financial expenses (12m roll.)
total equity and liabilities − non-interest-bearing liabilities average
Equity ratio, % =
100 x
total equity
total assets − advances received
Gearing, % =

100 x
interest-bearing liabilities − cash and cash equivalents −
current interest-bearing receivables
total equity

Gross capital expenditure
Investments in intangible and tangible assets and business acquisitions.    
      
Current interest-bearing receivables
Key figure consist of financial assests held to maturity and financial assets at fair value through profit or loss - excluding derivatives.    
      
Liquid funds  
Liquid funds consist of cash and cash equivalents and liquid investments with original maturity of over three months.    
      
Total equity average
Total equity, average on equity at the end of reporting period and end of comparison period.    
      
Operating result
Operating result is a net amount derived from net sales plus other operating income, less cost for production materials and services, less employee benefit expenses, depreciation, amortization and any impairment losses, other operating expenses and the share of associated company’s results. All other items in the income statement are shown below the operating result. Exchange rate differences are included in the operating result if they arise from items related to operations. Otherwise they are recognized in financial items.    
      
Adjusted operating result
Operating result adjusted with special items.    
      
Special items
The Group reports separately special items which include reorganization costs, impairment on goodwill and impairment on purchase price allocations generated in business combinations. Also significant sales gains or losses on sale of shares, real-estates or business operations, changes in purchase consideration for business combinations after the date of acquisition recognized in income statement, and other material items outside of ordinary course of business are defined as special items.     
      
Comparable net sales
The Group defines comparable net sales as net sales excluding acquired and divested businesses.