Key indicators depicting financial development

EUR 1,000 2013 2012 2011 2010 2009






Scope of operations




Turnover 346,610 335,430 327,278 328,647 342,879
Change, % 3.3 2.5 -0.4 -4.2 4.8
Share of apartment rental, % 99.1 97.7 94.1 88.6 81.7
Share of housing construction, % 0.9 2.3 5.9 11.4 18.3






Balance sheet total 2,468,550 2,276,091 2,252,237 2,184,152 2,170,560






Salaries and remunerations 17,405 17,908 16,995 15,369 16,241
Average number of personnel 341 343 349 341 346
Turnover/employee 1,016 978 938 964 991






Profitability




Operating profit 116,172 112,674 105,719 100,616 98,229
% of turnover 33.5 33.6 32.3 30.6 28.7
Profit before appropriations and taxes 75,868 62,487 55,823 57,510 40,965
% of turnover 21.9 18.6 17.1 17.5 12.0






Profit for the period 74,250 45,854 44,776 40,478 29,349
% of turnover 21.4 13.7 13.7 12.3 8.6






Return on equity, % (ROE) 15.5 10.6 11.2 11.3 9.2
Return on investment, % (ROI) 1) 5.5 5.5 5.2 5.1 5.1






Financing and financial position




Current ratio 1.5 1.5 1.4 1.3 1.3
Equity ratio, % 20.7 19.8 18.5 17.7 15.3
Interest-bearing liabilities 1,795,067 1,664,261 1,683,872 1,654,923 1,682,905
Liquid assets 142,283 128,963 126,823 96,462 113,169






Key ratios per share 2)




Earnings per share, € 10.07 6.19 6.07 5.49 4.30
Equity per share, € 67.27 59.22 54.63 50.27 46.89
Dividend per share, € 3) 2.20 2.00 1.60 1.50 1.20
Dividend as % of result 3) 21.8 32.3 26.4 27.3 27.9
Number of shares at the end of the financial year 7,402,560 7,402,560 7,402,560 7,402,560 6,867,420
1) Loans from financial institutions for construction projects are treated as interest-bearing liabilities, when calculating key indicators. The interests payable on these loans are mainly included in financial expenses.
2) Share-specific indicators are calculated based on the number of shares during each year.
3) The Board of Directors proposes that a dividend of EUR 2.20 per share be paid.