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D E F I N I T I O N S |
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Net worth per share |
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Ordinary shareholders' funds divided by
shares in issue at year-end |
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EBITDA |
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Earnings before interest, taxation, depreciation and amortisation of intangible assets. |
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Operating margin |
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Operating profit divided by revenue. |
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Total assets |
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Property, plant and equipment, investments and current assets. |
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Net assets |
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Total assets less non-interest-bearing debt, excluding finance company borrowings. |
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Net operating assets |
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Total assets excluding cash and cash
equivalents, less current liabilities excluding short-term loans and bank
overdrafts. |
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Net asset turn |
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Revenue divided by average net operating assets. |
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Return on ordinary shareholders' funds |
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Headline earnings divided by average ordinary shareholders' funds. |
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Return on net operating assets |
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Operating profit, plus share of associate company income, less adjustments for capital items excluded from headline earnings, divided by average net operating assets. |
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Return on net operating assets excluding investments in associates |
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As for return on net operating assets excluding investments in and share of associate company income. |
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Current ratio |
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Current assets divided by short-term non-interest-bearing debt. |
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Net interest cover |
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Operating profit and dividends from associates divided by net interest paid. |
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Total liabilities |
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Total liabilities excluding deferred taxation. |
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Total borrowings |
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Interest-bearing debt. |
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Net borrowings |
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Total borrowings net of cash and short-term investments. |
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Cash flow per share |
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Cash flow from operating activities before dividend paid and excluding the movement in RC&C Finance Company accounts receivable, divided by the weighted average number of shares in issue during the year. |
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Dividend cover |
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Headline earnings per share divided by dividends per share. |
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Earnings yield |
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Headline earnings per share divided by market price per share at year-end. |
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Dividend yield |
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Dividend per share divided by market price per share at year-end. |
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Market capitalisation |
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Market price per share at year-end multiplied by number of ordinary shares in issue. |
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Headline earnings per share |
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Attributable earnings adjusted for attributable value of items of a capital nature, divided by the weighted average number of ordinary shares in issue during the year. |
