Clas Ohlson uses certain financial measures in this annual report that are not defined in accordance with IFRS. Clas Ohlson believes that these key ratios are relevant to users of the financial report as a supplement for assessing Clas Ohlson’s performance. These financial measures are not always comparable with the measures used by other companies since not all companies calculate such financial measures in the same way. Accordingly, these financial measures are not to be regarded as a replacement for measures defined according to IFRS. The measures not defined according to IFRS are presented below, unless otherwise stated.
Key ratio definitions
Average inventory value
Average inventory value is calculated as the total inventories for the most recent 12 months divided by 12.
Balance-sheet total (total assets) less current and long-term non-interest-bearing liabilities.
Cash flow from operating activities
Operating profit adjusted for items not included in cash flow, interest, paid tax and change in working capital.
Cash flow from operating activities per share
Cash flow from operating activities divided by the average number of shares before dilution.
Comprehensive income per share
Comprehensive income divided by average number of shares before dilution.
Dividend per share divided by the year-end share price.
Earnings per share (before and after dilution)*
Profit for the period divided by the number of shares (before and after dilution).
Equity per share
Equity divided by the number of shares outstanding at the end of the period.
Equity at the end of the period divided by the balance-sheet total (total assets).
Gross profit divided by sales for the period.
Gross profit is calculated as the total of sales less cost of goods sold.
Operating profit divided by sales for the period.
Operating profit comprises profit before financial items and tax.
Dividend divided by earnings per share before dilution.
Share price at year-end divided by earnings per share before dilution.
Return on capital employed
Operating profit plus financial income expressed as a percentage of average capital employed. Average capital employed is calculated as the total capital employed for the most recent 12 months divided by 12.
Return on equity
Net profit for the period expressed as a percentage of average equity. Average equity is calculated as the total equity for the most recent 12 months divided by 12.
Sales in relation to sales during the year-earlier period.
Increase or decrease in share price between the end of the year and the beginning of the year plus re-invested dividend as a percentage of the share price at the beginning of the year.
The total of assets, minus cash and cash equivalents (inventories and current receivables), less current non-interest-bearing liabilities.
*Defined in accordance with IFRS.
Average ticket value
Average amount per purchase.
Our concept that facilitates purchases for our corporate customers.
Our loyalty program, our customer club.
Code of Conduct
The standards we set for ourselves, and the suppliers of our products and services, regarding working conditions, workplace health and safety and the environment.
Units that have been in operation during the current period and the entire year-earlier period.
The percentage of visitors who make a purchase.
Joint ecolabelling system applied throughout the EU and EEA. The label can be compared with the Swedish Swan ecolabel.
Concept whereby we “rent” our brand to an external player, who operates a store under our name.
UN Global Compact
UN international principles regarding human rights, labour standards, the environment and corruption, designed for companies.
Global Reporting Initiative, a global standard for sustainability reporting.
Philosophy on how to achieve a resource-efficient working method.
Level of service
Percentage of product range that is available “on the shelf” in our sales channels.
Marketplace for trading with securities, where Clas Ohlson’s B share is listed.
A shopping experience where customers perceive a seamless interaction between physical stores, the online store and telephone sales.
Products for a more sustainable lifestyle
Products with a positive, or significantly lower, environmental impact throughout their life cycle than a standard product.
Sales per squar metre
Store sales in relation to the effective retail space. For new stores, a conversion has been made in relation to how long the store has been open.
Systems for Clas Ohlson Retail Efficiency, our project for the introduction of a new business system.
Number of visitors.
The Swan is the official Nordic ecolabel. Development of the Swan is conducted by SIS Miljömärkning AB on behalf of the Swedish Government and the Riksdag.