22 Disputes | ||||||
The Finnish Competition and Consumer Authority (FCCA) has submitted on 25 January 2016 a penalty payment proposal to the Market Court concerning Oy Pohjolan Liikenne Ab and VR-Group Ltd. The amount of the penalty payment proposed by the FCCA is 5,790,000 euros. The case has not yet been handled in the Court. Oy Pohjolan Liikenne Ab and VR-Group Ltd dispute all the claims and the penalty payment proposed by the FCCA. Due to this the penalty payment proposal has not been taken into account in the annual accounts. | ||||||
VR-Group does not have any other material pending disputes. | ||||||
23 Group key financial figures | ||||||
2015 | 2014 | 2013 | 2012 | 2011 | ||
Scope of operations | ||||||
Net sales | M€ | 1,231 | 1,367 | 1,421 | 1,438 | 1,437 |
Balance sheet | M€ | 1,801 | 1,877 | 1,809 | 1,774 | 1,748 |
Gross capital expenditure | M€ | 90 | 120 | 157 | 122 | 163 |
- as % of net sales | % | 7.3 | 8.8 | 11.0 | 8.5 | 11.3 |
Average number of man years | 8,615 | 9,689 | 10,234 | 11,080 | 11,391 | |
Profitability | ||||||
Operating profit | M€ | 65.4 | 90.4 | 70.6 | 52.4 | 20.9 |
- as % of net sales | % | 5.3 | 6.6 | 5.0 | 3.6 | 1.5 |
Net profit | M€ | 50.0 | 67.6 | 65.3 | 38.8 | 15.3 |
Return on investment (ROI) | % | 4.5 | 5.9 | 4.8 | 3.9 | 1.7 |
Return on equity (ROE) | % | 3.5 | 4.5 | 4.6 | 2.9 | 1.6 |
Solvency | ||||||
Equity ratio | % | 83.5 | 82.5 | 83.5 | 82.2 | 81.0 |
Liquidity | ||||||
Quick Ratio | 2.4 | 2.2 | 2.0 | 1.7 | 1.3 | |
Calculation of key figures | ||||||
Capital investments | = | Balance sheet total - interest-free liabilities | ||||
Return on investment (ROI) | = | (Profit before extraordinary items + interest costs and other financial costs) * 100 | ||||
Capital invested (average) | ||||||
Return on equity (ROE) | = | (Profit before extraordinary items - income taxes and change in deferred taxes) * 100 | ||||
Shareholders' equity + minority interest (average) | ||||||
Equity ratio | = | (Shareholders' equity + minority interest) * 100 | ||||
Balance sheet total - short-term and long-term advanced payments received | ||||||
Quick Ratio | = | Financial assets (pl. long-term receivables) - receivables on precentage of completion | ||||
Short-term liabilities - advanced payments received |