New Wave Group AB Annual report 2017 EN | Page 109
FINANCIAL INFORMATION
CAPITAL MEASURES DEFINITION/CALCULATION PURPOSE
EQUITY The equity reported in the consolidated balance
sheet consists of taxed equity increased by the
equity portion of the Group's untaxed reserves and
noncontrolling interests. Deferred tax liability in
untaxed reserves has been calculated at a 22.0 %
rate for Swedish companies and at the applicable tax
rate for foreign companies in each country outside
Sweden. The measure is the difference between the Group's
assets and liabilities, which corresponds to the
Group's equity contributed by owners and the
Group's accumulated profits.
CAPITAL EMLOYED Total assets less provisions and non-interest bearing
liabilities, which consist of accounts payable,
current tax liabilities, other liabilities and accrued
expenses and prepaid income. The measure indicates how much capital is needed
to run the business, regardless of type of financing
(borrowed or equity).
WORKING CAPITAL Total current assets, excluding liquid assets, less
shortterm non-interest bearing liabilities. The measure is used to show how much capital is
needed to finance day to day operations.
NET DEBT Interest-bearing debt (current and non-current) less
cash and cash equivalents. The measure shows financing from borrowings.
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