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Abbreviations, Financial Terminology, and Exchange Rates

Financial Terminology

Operating profit

Gross profit less research and development expenses, selling and administrative expenses, plus other (expenses)/income, net

Cash and short term investments

Cash and cash equivalents plus other current investments

Working capital

Current assets less current liabilities

Liability ratio

Total liabilities expressed as a percentage of total assets

Days of sales outstanding (DSO)

Trade receivables at the end of the year divided by revenue, and multiplied by 360 days

Inventory turnover days (ITO)

Inventories at the end of the year divided by cost of sales, and multiplied by 360 days

Days of payables outstanding (DPO)

Trade payables at the end of the year divided by cost of sales, and multiplied by 360 days

Cash flow before change in operating assets and liabilities

Net profit plus depreciation, amortization, unrealized exchange loss, interest expense, loss on disposal of fixed and intangible assets, and other non-operating expense, less unrealized exchange gain, investment income, gain on disposal of property, plant and equipment and intangible assets, and other non-operating income.

Exchange rates

Exchange rates used in the annual report:

Please see the attachment for more information.

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