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DEFINITIONS
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Capital
employed
Total
shareholders' funds and long-term borrowings, including interest-bearing
short-term debt.
Net
interest-bearing debt
Interest-bearing
debt less bank balances and cash
Market
capitalisation
Share
price multiplied by the number of shares in issue at 30 June.
PBIT
Operating
profit before amortisation, foreign exchange items and exceptional
items.
Shareholder
distributions paid
Distributions
to shareholders out of share premium and interest paid on debentures
held by shareholders.
Free
cash flow
Cash
generated from operations less net interest paid, less net capital
expenditure, less tax paid (excluding the once off settlement
in respect of trademarks).
Earnings
yield
Earnings
per share divided by the share price at 30 June.
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Return
on shareholders' equity
Earnings
divided by shareholders equity.
Return
on capital employed
Operating
profit divided by capital employed.
Operating
margin
PBIT
expressed as a percentage of revenue.
Interest
cover
PBIT
divided by net finance cost.
Current
ratio
Current
assets divided by current liabilities. Current liabilities include
short-term interest-bearing debt and interest-free liabilities.
Gearing
ratio
Net
interest-bearing debt expressed as a percentage of shareholders
equity.
Net
debt to EBITD ratio
Net
interest-bearing debt divided by operating profit before depreciation
(EBITD).
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PE
ratio
Share
price divided by earnings per share at 30 June.
Return
on assets
Operating
profit before depreciation (EBITD) divided by total assets, excluding
bank balances and cash.
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