CALCULATION OF KEY INDICATORS

EBITDAR
	Operating profit + depreciation + aircraft lease rentals

EBITDA
	Operating profit + depreciation

Return on equity in per cent (ROE)
	Result before extraordinary items - taxes x 100 Equity + minority interests (average of beginning and end of financial year)

Capital employed
	Balance sheet total - non interest bearing liabilities

Return on capital employed in per cent (ROCE)
	Result before extraordinary items + interest and other financial expenses x 100 Capital employed (average of beginning and end of financial year)

Earnings per share
	Result before extraordinary items + / - minority share - taxes Adjusted average number of shares during the financial year

Equity per share
	Equity Number of shares at the end of the financial year, adjusted for the share issue

Dividend per earnings in per cent
	Dividend per share x 100 Earnings per share

Effective dividend yield in per cent
	Dividend per share x 100 Adjusted share price at the end of the financial year

P/CEPS
	Share price at the end of the financial year Cash flow from operations per share

Cash flow per share
	Cash flow from operations Adjusted average number of shares during the financial year

Price per earnings
	Share price at the end of the financial year Earnings per share

Equity ratio in per cent
	Equity + minority interests x 100 Balance sheet total - advances received

Gearing, %
	Interest bearing debt - liquid funds x 100 Equity + minority interests

Adjusted gearing, %
	Interest bearing debt + 7 x annual aircraft leasing payments - liquid funds x 100 Equity + minority interests

Operational cash flow
	Operating profit + depreciation + financial items + extraordinary items - taxes