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  Calculation of financial ratios      
           
  Return on equity, ROE (%) = Profit before taxes less taxes
 x 100   
  Shareholders' equity plus minority interest (average)  
   
  Profit before taxes  
  Return on investment, ROI (%) = plus interest and financial expenses
 x 100  
  Balance sheet total less non-interest bearing liabilities (average)  
   
  Solvency ratio, (%) = Shareholders' equity plus minority interest
 x 100  
  Balance sheet total less advance payments  
   
  Current ratio = Current assets
 
  Current liabilities  
   
  Profit before taxes less taxes  
  Earnings / share, € = +/- minority interest
 
  Average number of shares, adjusted  
   
  Cash flow from business  = Cash flow from business operations
 
  operations / share, € Number or shares at balance sheet date  
   
  Equity / share, € = Shareholders' equity
 
  Number of shares at balance sheet date, adjusted  
   
  Dividend / share, € = Dividend
 
  Number of shares at balance sheet date, adjusted  
   
  Dividend / earnings, (%) = Dividend
 x 100  
  Profit before taxes less taxes  
  +/- minority interest  
   
  Effective dividend yield, (%) = Dividend / share
 x 100  
  Share price at balance sheet date  
   
  Price / earnings, € = Share price at balance sheet date
 
  Earnings / share  
   
  Market capitalisation, M€ = Share price at balance sheet date times number of shares  
           
           
           
           
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