Calculation of Key Ratios

Return on equity, % (ROE)

(Profit before extra ordinary items - taxes) x 100%

Equity + minority interest + appropriations less deferred taxes (average)

Return on investment, % (ROI)

(Profit before extra ordinary items + financial expenses)x 100%*

Balance sheet total - interest-free liabilities (average)

* Financial expenses include the implemented exchange losses and calculated net losses of currency derivatives

Net gearing, %

(Interest-bearing liabilities - cash and deposits and short-term investments) x 100%

Equity + minority interest + appropriations less deferred taxes

Equity ratio, %

(Equity + minority interest + appropriations less deferred taxes) x 100%

Balance sheet total - advances received

Earnings per share

Profit before extra ordinary items taxes +/- minority interest

Share issue adjusted number of the shares average for the period

Equity per share

Equity + minority interest + appropriations less deferred taxes

Share issue adjusted number of the shares at the end of the period

Dividend per share

Dividend for the period (Board‘s proposal) per share

Adjustment coefficient of post-fiscal share issues

Dividend per earnings, %

Dividend per share x 100%

Earnings per share

P/E ratio

Share issue adjusted share price at the end of the period

Earnings per share

Effective dividend yield,
%

Dividend per share

Share issue adjusted share price at the end of the period