| FISCAL 2021 | FISCAL 2020 | ||
|---|---|---|---|
| Gearing ratio | Gearing ratio
Borrowings (1) – operating cash (2) |
Gearing ratio FISCAL 2021
|
Gearing ratio FISCAL 2020
|
Shareholders’ equity and non-controlling interests |
46.6% |
FISCAL 202167.4% | |
|
Net debt ratio* |
Net debt ratio* Borrowings (1) – operating cash (2) |
Net debt ratio* FISCAL 2021
|
Net debt ratio* FISCAL 2020
|
Underlying EBITDA (underlying operating profit before Interest, Taxes, Depreciation and Amortization) (3) |
1.7 |
FISCAL 2021 2,1 |
|
| Debt coverage | Debt coverage
Borrowings |
Debt coverage FISCAL 2021
|
Debt coverage FISCAL 2020
|
Operating cash flow |
8 years |
FISCAL 2021 7.5 years |
|
| Financial independence | Financial independence
Long-term borrowings |
Financial independence FISCAL 2021
|
Financial independence FISCAL 2020
|
Shareholders’ equity and non-controlling interests |
171.7% |
FISCAL 2021179.4% | |
| Return on equity | Return on equity
Profit attributable to equity holders of the parent |
Return on equity FISCAL 2021
|
Return on equity FISCAL 2020
|
Equity attributable to equity holders of the parent (before profit for the period) |
4.6% |
FISCAL 2021- 10.3% | |
| ROCE (Return on capital employed)* | ROCE (Return on capital employed) *
Underlying operating profit after tax (4) |
ROCE (Return on capital employed) *FISCAL 2021
|
ROCE (Return on capital employed) *FISCAL 2020
|
Average capital employed (5) |
9.9% |
FISCAL 20218.6% | |
| Interest cover | Interest cover
Operating profit |
Interest cover FISCAL 2021
|
Interest cover FISCAL 2020
|
Net borrowing cost |
4.1 |
FISCAL 2021 0.6 |
Financial ratios have been computed based on the following key indicators:
| FISCAL 2021 | FISCAL 2020 | ||
|---|---|---|---|
| (1) Borrowings(1) | (1) Borrowings (1)
Long-term borrowings |
(1) Borrowings (1)FISCAL 20215,453 |
(1) Borrowings (1)FISCAL 20204,988 |
+ Short-term borrowings |
635 |
FISCAL 2021 27 |
|
- Derivative financial instruments recognized as assets |
(17) |
FISCAL 2021 (22) |
|
BORROWINGS |
6,072 |
FISCAL 20214,992 | |
| (2) Operating cash | (2) Operating cash
Cash and cash equivalents |
(2) Operating cash FISCAL 20213,539 |
(2) Operating cash FISCAL 20202,027 |
+ Restricted cash and financial assets related to the Benefits & Rewards Services activity |
1,062 |
FISCAL 2021 1,103 |
|
- Bank overdrafts |
(7) |
FISCAL 2021 (6) |
|
OPERATING CASH |
4,594 |
FISCAL 20213,124 | |
| (3) Underlying EBITDA | (3) Underlying EBITDA
Underlying operating profit |
(3) Underlying EBITDA FISCAL 2021578 |
(3) Underlying EBITDA FISCAL 2020569 |
+ Depreciation and amortization |
537 |
FISCAL 2021 622 |
|
payments |
(260) |
FISCAL 2021 (285) |
|
UNDERLYING EBITDA (UNDERLYING OPERATING PROFIT BEFORE DEPRECIATION AND AMORTIZATION) |
854 |
FISCAL 2021905 |
