VVO Group plc

VVO Group plc

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report
Annual
report2014 Q1/2015 Q2/2015 Q3/2015

You are here: Main » Financial statements » Notes » Transition to IFRS » Impacts on key figures

Impacts on key figures

VVO Group	FAS 1-12/2014	IFRS 1-12/2014
Revenue, EUR million	367.9	356.5
Operting profit, EUR million	136.7	192.9
Profit before taxes, EUR million	90.3	146.5
Earnings per share, EUR	9.60	14.95
Equity per share, book value, EUR	74.65	213.30
Equity per share, fair value, EUR	223.01	213.30
Current ratio	0.9	0.9
Return on equity, % (ROE)	13.3	7.2
Return on investments, % (ROI)	5.9	5.9
Equity ratio, book value %	21.8	40.0
Equity ratio, fair value %	42.0	40.0
Cash and cash equivalents, EUR million	122.0	114.4
Interest bearing liabilities, EUR million	1,851.9	1,850.1

Revenue: the IFRS adjustments decreased the revenue by EUR 11.3 million. This concluded mainly due to the fact that sales of inventory are no more recognized under revenue

Operating profit: the adjustments increased the operating profit by EUR 56.2 million, which resulted in from the reclassification of investment property and related fair value measurement

Profit before taxes, considering IFRS adjustments, increased by EUR 56.1 million

Equity per share, based on book value increased by EUR 138.65 arising mainly from fair value measurement of investment property

Comparable equity per share as calculated with fair values declined by approximately EUR 10, which resulted primarily from fair value measurement of financial instruments and clarifications made to the fair value measurement principles applied to investment property

The IFRS adjustments weakened the return on equity by 6.1% as equity increased more heavily compared to the result when measuring the investment property at fair value

Cash and cash equivalents decreased by EUR 7.6 million as the deposits with maturities beyond three months are no more included in cash and cash equivalents.