|Return on equity, % =|
|result for the period (12m roll.)|
|total equity (average of opening and closing balance of prev. 12m)|
|Return on invested capital, % =|
|result before income tax (12m roll.) +
interest and other financial expenses (12m roll.) *)
+ interest-bearing debt (average of opening and closing balance of prev. 12m)
*) Interest and other financial expenses excluding unrealized losses on financial liabilities and interest rate derivatives and deducted by interest income on interes rate derivatives and unrealized gains on financial liabilities.
|Equity ratio, % =|
|total assets - advances received (current and non-current)|
|Gearing, % =|
Net debt = interest-bearing debt - liquid funds - debt certificates
Interest-bearing debt = non-current and current borrowings
EBITDA is operating result excluding depreciation, amortization and impairment losses.
Adjusted EBITDA is EBITDA excluding special items.
Adjusted operating result is operating result excluding special items.
In order to enhance the comparability between periods, Posti reports adjusted EBITDA and adjusted operating result, where material items which are considered to incur outside of ordinary course of business are adjusted. These are referred as special items. Special items include reorganization costs, significant impairment losses on assets, significant sales gains or losses on sale of shares, real-estates or business operations, changes in contingent purchase considerations for business combinations, and other material items outside of ordinary course of business.
Gross capital expenditure includes the investments in intangible and tangible assets, finance leases and purchase considerations for business acquisitions.
Liquid funds consist of cash and cash equivalents, money market investments and investments in bonds.
Posti excludes the impact of acquisitions and divestments so that net sales of acquired or divested businesses is not taken into account in calculating the comparable net sales. The net sales of divested businesses is excluded also from the figures of the comparative period.