Appendix

Operating Profit Margin

Operating profit x100

Sales

650.2/ 3,547.8 x100= 18.33% -Underlying 2013

695.1/3,562.8 x100=19.5% - Total 2013

598.7/3,441.1 x100= 17.4% -Underlying 2012

601.8/3, 441.1 x100=17.49% -Total 2012

Net Profit Margin (before tax)

Net profit before tax x100

Sales

621.6 /3,547.8 x100= 17.52% -Underlying 2013

666.5 / 3,562.8 x100=18.71% - Total 2013

570.3 /3441.1 x100= 16.57% -Underlying 2012

579.5/3,441.1 x100=16.84% -Total 2012

Net Profit Margin (after tax)

Net profit after tax x100

Sales

473.1/3,547.8 x100=13.34% -Underlying 2013

508.7/3,562.8 x100=14.28% - Total 2013

430.0/3441.1 x100=12.5% -Underlying 2012

474.8 /3,441.1 x100=13.8% -Total 2012

ROCE

Operating profit x100

Equity + Non-current liabilities

650.2/ 285.6 + 792.0 x100=60.34% -Underlying 2013

695.1/ 285.6 + 792.0 x100=64.5% - Total 2013

598.7 / 222. 7 + 889.1 x100=53.85% -Underlying 2012

601.8/ 222. 7 + 889.1 x100=54.13% -Total 2012

Asset Turnover

Sales turnover

Equity + Non-current liabilities

3,547.8/ 285.6 + 792.0 =3.29 times -Underlying 2013

3,562. 8/ 285.6 + 792.0 =3.31 times - Total 2013

3,441.1/ 222.7 + 889.1 =3.1 times -Underlying 2012

3,441.1/ 222.7 + 889.1 =3.1 times -Total 2012

Current Ratio

Current assets

Current liabilities

1,207.8/ 816.0 = 1.48: 1 -2013

1,139.9/742.4 = 1.54: 1 -2012

Acid Test Ratio

Current assets – Inventory

Current liabilities

1,207. 8- 331.8/ 816.0 = 1.07: 1 -2013

1,139.9- 371.9/ 742. 4 = 1.03: 1 -2012

Debtors Collection Period

Trade receivables x365 days

Sales

718.1/ 3,547.8 x365 =73.9 days -Underlying 2013

718.1/3,562.8 x365 = 73.6 days - Total 2013

699.1/ 3,441.1 x365 = 74.2 days -Underlying 2012

699.1/3,441.1 x365...