| Definitions |
| Acquisitions | Investments in goodwill and fair-value
adjustments, shares, and participations. |
| Adjusted equity | Reported equity less the (proposed) dividend. |
| ARPU | Average monthly revenue per user. |
| CAPEX | An abbreviation of "Capital Expenditure."
Investments in intangible and tangible fixed
assets but excluding goodwill and fair-value
adjustments. |
| Capital employed | Total assets less non-interest-bearing
liabilities and non-interest-bearing provisions
recorded, and the (proposed) dividend. |
| Churn | Number of customers that have left the
company expressed as a percentage of the
average number of customers |
| Debt/equity ratio | Net interest-bearing liability divided by
adjusted equity. |
| EBITDA | An abbreviation of "Earnings Before Interest,
Tax, Depreciation and Amortization." Equals
operating income before depreciation,
amortization and write-downs and before
income from associated companies. |
| EBITDA margin | EBITDA excluding non-recurring items
expressed as a percentage of net sales. |
| Equity/assets ratio | Adjusted equity expressed as a percentage of
total assets. |
| Free cash flow | Cash flow from operating activities less
intangible and tangible fixed assets acquired. |
| Interest coverage ratio | Operating income plus financial revenues
divided by financial expenses. |
| Labor productivity | Year-on-year percentage change in the ratio
of net sales at fixed prices to the average
number of full-time employees. |
| Net borrowings | Interest-bearing liabilities less interest-
bearing assets but including participations in
associated companies. |
| Net debt | Interest-bearing liabilities less short-term
investments and cash and bank. |
| Net interest-bearing liability | Interest-bearing liabilities and provisions less
interest-bearing assets but including
participations in associated companies. |
| Notation conventions | In conformance with Swedish and
international standards, this report applies
the following currency notations:
SEK Swedish krona
AZM Azerbaijan manat
CHF Swiss franc
CZK Czech koruna
DEM German mark
DKK Danish krone
EEK Estonian kroon
EUR European euro
GBP Pound sterling
HKD Hong Kong dollar
HUF Hungarian forint
INR Indian rupee
JPY Japanese yen
KZT Kazakhstan tenge
LKR Sri Lankan rupee
LTL Lithuanian lita
LVL Latvian lat
NOK Norwegian krone
PHP Philippine peso
PLN Polish zloty
RUR Russian ruble
SGD Singapore dollar
TRL Turkish lira
UGX Ugandan shilling
USD U.S. dollar
|
| Non-recurring items | Non-recurring items include capital gains and
losses, costs for phasing out operations,
personnel redundancy costs, and non
-capitalized expenses in conjunction with the
merger with Sonera in 2002. Effective January
1, 2003, only capital gains/losses, write
-downs, restructuring programs or similar that
represent more than SEK 100 million on an
individual basis, will be reported as non
-recurring. Comparable periods have not been
restated. |
| Operating capital | Non-interest
-bearing assets less non-interest-bearing liabilities, including the (proposed)
dividend, and non-interest-bearing
provisions. |
| Operating margin (EBIT margin) | Operating income expressed as a percentage
of net sales. |
| Pay-out ratio | Dividend per share divided by basic earnings per share. |
| Per share data | Earnings per share are based on the weighted
average number of shares before and after
dilution with potential ordinary shares, while
shareholders' equity per share are based on
the number of shares at the end of
the period. |
| Return on assets | Operating income plus financial revenues
expressed as a percentage of the average
balance sheet total. |
| Return on capital employed | Operating income plus financial revenues
expressed as a percentage of average capital
employed. |
| Return on sales | Net income expressed as a percentage of net
sales. |
| Self-financing rate | Cash flow from operating activities divided by
gross investments. |
Total asset
turnover | Net sales divided by the average balance
sheet total. |
Turnover of capital
employed | Net sales divided by the average capital
employed |
