(Per cent)

U.K.

U.S.A.

(86)

(89)

SELECTED FINANCIAL RATIOS

1998-99

1999-00

2000-01

1998-99

1999-00

2000-01

1

2

3

4

5

6

7

A.

Capital structure ratios

1.

Net fixed assets to total net assets

33.0

32.3

31.9

32.5

31.8

30.7

2.

Net worth to total net assets

45.4

47.6

50.0

47.5

54.5

57.4

3.

Debt to equity

28.8

22.7

19.2

35.2

25.6

23.1

4.

Debt to equity (equity adjusted for revaluation reserve)

31.1

24.2

20.3

36.1

26.1

23.4

5.

Short term bank borrowings to inventories

43.0

36.4

34.0

31.3

30.3

29.7

6.

Total outside liabilities to net worth

120.4

109.9

99.9

110.6

83.5

74.2

B.

Liquidity ratios

7.

Current assets to current liabilities *

1.5

1.4

1.4

1.6

1.8

1.8

8.

Quick assets to current liabilities

62.4

60.8

56.0

83.6

85.1

92.6

9.

Current assets to total net assets

58.9

58.1

54.8

58.1

56.4

52.0

10.

Sundry creditors to current assets

32.5

37.6

37.7

26.5

25.9

27.4

11.

Sundry creditors to net working capital

103.9

122.4

131.1

68.5

58.4

62.4

C.

Assets utilisation and turnover ratios

12.

Sales to total net assets

113.4

117.1

112.4

89.5

89.3

82.8

13.

Sales to gross fixed assets

225.8

229.4

218.4

182.6

180.8

168.8

14.

Inventories to sales

16.7

16.1

15.7

18.3

17.9

17.4

15.

Sundry debtors to sales

13.1

12.8

12.3

20.9

18.7

20.4

16.

Exports to sales

11.5

11.1

13.0

9.5

10.6

10.8

17.

Gross value added to gross fixed assets

55.3

57.7

59.8

49.9

51.2

46.7

18.

Raw materials consumed to value of production

50.7

50.9

47.2

47.3

46.8

45.9

D.

Sources and uses of funds ratios @

19.

Gross fixed assets formation to total uses of funds

44.8

43.4

40.1

36.2

20.

Gross capital formation to total uses of funds

57.4

46.1

50.0

36.0

21.

External sources of funds to total sources of funds

6.8

7.4

43.8

39.1

22.

Increase in bank borrowings to total external sources

-199.0

-88.2

-4.5

-3.1

23.

Gross savings to gross capital formation

174.8

190.8

124.4

162.3

E.

Profitability and profit allocation ratios

24.

Gross profits to total net assets

15.4

16.7

17.8

12.0

12.4

10.0

25.

Gross profits to sales

13.6

14.3

15.8

13.5

13.9

12.0

26.

Profits after tax to net worth

18.5

19.5

22.2

13.9

13.5

11.3

27.

Tax provision to profits before tax

33.1

35.3

34.5

27.6

27.1

24.7

28.

Profits retained to profits after tax

55.2

51.5

55.9

65.8

63.0

61.3

29.

Dividends to net worth

8.3

9.5

9.8

4.8

5.0

4.4

30.

Ordinary dividends to ordinary paid-up capital

53.9

65.8

75.9

20.4

24.3

23.3

(Per cent)

Germany

Switzerland

(55)

(23)

SELECTED FINANCIAL RATIOS

1998-99

1999-00

2000-01

1998-99

1999-00

2000-01

1

8

9

10

11

12

13

A.

Capital structure ratios

1.

Net fixed assets to total net assets

44.2

41.4

39.1

37.4

36.2

38.7

2.

Net worth to total net assets

38.7

38.5

38.4

44.2

42.7

46.8

3.

Debt to equity

44.0

53.4

50.5

34.1

32.3

30.1

4.

Debt to equity (equity adjusted for revaluation reserve)

44.9

54.3

51.2

34.8

32.9

35.8

5.

Short term bank borrowings to inventories

46.5

36.3

33.5

35.4

30.8

38.1

6.

Total outside liabilities to net worth

158.1

160.0

160.7

126.4

134.0

113.8

B.

Liquidity ratios

7.

Current assets to current liabilities *

1.1

1.3

1.3

1.4

1.3

1.4

8.

Quick assets to current liabilities

43.3

52.1

49.3

79.1

74.9

80.8

9.

Current assets to total net assets

50.7

51.7

54.1

58.5

56.6

56.6

10.

Sundry creditors to current assets

31.2

30.1

28.7

35.6

38.2

34.6

11.

Sundry creditors to net working capital

239.9

143.2

129.3

116.6

160.9

112.0

C.

Assets utilisation and turnover ratios

12.

Sales to total net assets

81.2

82.7

81.8

88.8

92.8

84.7

13.

Sales to gross fixed assets

120.4

125.1

123.6

139.4

141.3

123.7

14.

Inventories to sales

25.0

24.5

27.5

18.4

16.0

17.4

15.

Sundry debtors to sales

18.4

19.7

20.0

29.2

29.4

30.7

16.

Exports to sales

6.5

6.7

7.0

9.1

7.6

7.4

17.

Gross value added to gross fixed assets

27.7

31.6

31.5

35.6

36.0

30.1

18.

Raw materials consumed to value of production

37.8

35.1

35.1

50.4

49.2

49.4

D.

Sources and uses of funds ratios @

19.

Gross fixed assets formation to total uses of funds

30.7

39.2

77.6

40.2

20.

Gross capital formation to total uses of funds

43.7

77.1

-25.3

62.2

21.

External sources of funds to total sources of funds

42.5

36.8

50.5

45.5

22.

Increase in bank borrowings to total external sources

50.2

16.9

-266.0

69.8

23.

Gross savings to gross capital formation

158.2

96.9

#

116.1

E.

Profitability and profit allocation ratios

24.

Gross profits to total net assets

6.3

8.3

8.1

8.7

9.7

8.3

25.

Gross profits to sales

7.7

10.0

9.9

9.8

10.5

9.8

26.

Profits after tax to net worth

9.4

10.4

11.0

8.0

9.3

7.0

27.

Tax provision to profits before tax

26.3

26.1

23.8

33.1

34.5

33.7

28.

Profits retained to profits after tax

57.2

52.1

52.4

58.1

57.3

61.3

29.

Dividends to net worth

4.0

5.0

5.2

3.4

4.0

2.7

30.

Ordinary dividends to ordinary paid-up capital

29.6

38.1

40.9

27.2

29.7

25.0

(Per cent)

Japan

France

(39)

(14)

SELECTED FINANCIAL RATIOS

1998-99

1999-00

2000-01

1998-99

1999-00

2000-01

1

14

15

16

17

18

19

A.

Capital structure ratios

1.

Net fixed assets to total net assets

45.8

43.8

42.2

38.1

38.3

40.6

2.

Net worth to total net assets

37.6

41.5

43.1

54.1

53.7

51.4

3.

Debt to equity

49.0

36.1

35.2

12.0

12.8

24.2

4.

Debt to equity (equity adjusted for revaluation reserve)

50.1

36.4

35.4

12.3

13.1

24.7

5.

Short term bank borrowings to inventories

52.5

59.2

54.3

29.6

37.0

28.4

6.

Total outside liabilities to net worth

165.7

140.7

132.3

85.0

86.1

94.5

B.

Liquidity ratios

7.

Current assets to current liabilities *

1.2

1.2

1.3

1.5

1.5

1.6

8.

Quick assets to current liabilities

44.3

49.5

53.9

81.5

85.1

86.8

9.

Current assets to total net assets

50.6

50.7

52.6

58.1

57.9

57.1

10.

Sundry creditors to current assets

21.8

24.8

28.1

38.1

39.0

36.1

11.

Sundry creditors to net working capital

165.7

170.8

135.4

116.7

118.9

97.1

C.

Assets utilisation and turnover ratios

12.

Sales to total net assets

88.5

108.5

114.5

83.3

83.9

78.3

13.

Sales to gross fixed assets

132.1

158.4

160.1

129.4

126.4

111.1

14.

Inventories to sales

25.9

19.8

18.7

22.2

21.3

23.4

15.

Sundry debtors to sales

16.0

15.7

16.1

30.8

33.1

32.8

16.

Exports to sales

11.0

9.9

9.6

7.0

5.6

8.2

17.

Gross value added to gross fixed assets

29.9

31.6

31.7

45.3

39.2

35.5

18.

Raw materials consumed to value of production

56.0

57.8

60.8

45.7

46.3

43.5

D.

Sources and uses of funds ratios @

19.

Gross fixed assets formation to total uses of funds

48.5

62.9

60.1

76.6

20.

Gross capital formation to total uses of funds

36.9

69.3

67.0

92.4

21.

External sources of funds to total sources of funds

12.7

0.2

50.0

52.1

22.

Increase in bank borrowings to total external sources

-54.7

#

19.4

-2.2

23.

Gross savings to gross capital formation

306.5

144.5

95.9

58.3

E.

Profitability and profit allocation ratios

24.

Gross profits to total net assets

9.1

9.1

8.8

3.0

6.9

6.7

25.

Gross profits to sales

10.3

8.3

7.7

3.6

8.3

8.5

26.

Profits after tax to net worth

10.4

10.0

8.6

—

8.1

6.6

27.

Tax provision to profits before tax

31.2

33.6

35.8

132.3

26.1

26.8

28.

Profits retained to profits after tax

67.1

64.6

62.7

—

66.5

68.2

29.

Dividends to net worth

3.4

3.6

3.2

1.6

2.7

2.1

30.

Ordinary dividends to ordinary paid-up capital

11.7

13.2

12.7

4.6

8.1

6.5

(Per cent)

Netherlands

Mauritius

(31)

(29)

SELECTED FINANCIAL RATIOS

1998-99

1999-00

2000-01

1998-99

1999-00

2000-01

1

20

21

22

23

24

25

A.

Capital structure ratios

1.

Net fixed assets to total net assets

39.6

37.9

36.3

66.1

64.1

63.2

2.

Net worth to total net assets

39.7

43.0

46.0

32.6

37.5

38.3

3.

Debt to equity

52.0

37.6

29.2

102.9

82.9

82.2

4.

Debt to equity (equity adjusted for revaluation reserve)

59.7

42.1

32.3

108.5

86.2

85.0

5.

Short term bank borrowings to inventories

36.2

37.0

42.1

128.9

140.9

102.1

6.

Total outside liabilities to net worth

152.2

132.6

117.3

207.1

166.6

160.8

B.

Liquidity ratios

7.

Current assets to current liabilities *

1.5

1.4

1.5

0.9

1.0

1.1

8.

Quick assets to current liabilities

72.0

74.8

74.4

36.6

47.6

50.6

9.

Current assets to total net assets

57.6

57.9

58.4

31.1

32.1

33.4

10.

Sundry creditors to current assets

37.5

35.5

34.7

19.2

19.1

18.3

11.

Sundry creditors to net working capital

119.2

115.8

108.8

—

733.1

183.8

C.

Assets utilisation and turnover ratios

12.

Sales to total net assets

111.4

112.9

106.9

50.6

52.3

56.2

13.

Sales to gross fixed assets

173.0

181.4

165.1

64.2

65.5

68.1

14.

Inventories to sales

16.3

14.9

16.6

25.9

21.7

22.2

15.

Sundry debtors to sales

19.8

20.4

22.1

16.5

20.3

20.5

16.

Exports to sales

4.5

4.0

5.3

36.2

35.3

34.5

17.

Gross value added to gross fixed assets

36.2

38.7

35.1

19.0

19.8

20.6

18.

Raw materials consumed to value of production

59.8

59.9

58.1

46.9

44.6

45.1

D.

Sources and uses of funds ratios @

19.

Gross fixed assets formation to total uses of funds

11.1

76.8

59.2

72.1

20.

Gross capital formation to total uses of funds

0.8

107.9

50.5

90.9

21.

External sources of funds to total sources of funds

55.5

-1.6

64.2

36.5

22.

Increase in bank borrowings to total external sources

-1.0

#

-21.1

-61.1

23.

Gross savings to gross capital formation

#

214.6

76.8

66.8

E.

Profitability and profit allocation ratios

24.

Gross profits to total net assets

7.9

8.5

4.7

6.7

6.9

7.9

25.

Gross profits to sales

7.1

7.6

4.4

13.2

13.3

14.1

26.

Profits after tax to net worth

6.6

7.5

3.7

2.9

2.4

5.1

27.

Tax provision to profits before tax

39.5

39.2

51.1

21.7

29.1

22.5

28.

Profits retained to profits after tax

59.8

51.5

9.6

-

-

44.8

29.

Dividends to net worth

2.7

3.7

3.3

3.2

2.6

2.8

30.

Ordinary dividends to ordinary paid-up capital

14.0

19.8

18.0

6.9

5.3

5.8

For footnotes, please refer to Statement 5.