1. Annual report 2013
  2. Board of Directors' Report
  3. Financial statements
  4. 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 indicators
    2013 2012 2011 2010 2009
    Scope of operations
    Net turnover M€ 1,421 1,438 1,437 1,423 1,399
    Balance sheet total M€ 1,774 1,774 1,748 1,722 1,630
    Gross capital expenditure M€ 157 122 163 159.2 134
    - as % of net turnover % 8.57 8.5 11.3 11.2 9.5
    Average number of employees 10,234 11,080 11,391 11,909 12,376
    Profitability
    Operating profit M€ 70.6 52.4 20.9 43.1 28.9
    - as % of net turnover % 5 3.6 1,5 3 2,1
    Net profit M€ 52.7 38.8 15,3 30,019 18,4
    Return on investment (ROI) % 4.4 3.9 1,7 3,3 2,4
    Return on equity (ROE) % 3.9 2.9 1,6 2,3 1,5
    Solvency
    Solvency ratio % 83.6 82.2 81,0 80,9 83
    Liquidity
    Quick ratio 0.81 1.65 1,28 1,3 1,5
    Calculation of key indicators
    Capital investments = Balance sheet total – interest-free debt
    Return on investment (ROI) = (Profit before extraordinary items + interest costs and other financial costs) * 100
    Capital investments (average over period)
    Return on equity (ROE) = (Profit before extraordinary items – taxes and change in deferred tax liability) * 100
    Shareholders’ equity + minority interest (average over period)
    Solvency ratio = Shareholders’ equity + minority interest) * 100
    Balance sheet total – short-term and long-term advance payments received
    Quick Ratio = Financial assets (excl. long-term receivables) – receivables (percentage of completion)
    Current liabilities – advance payments received