DCSIMG
DSM figures: five-year summary - Annual Report 2015 - DSM

DSM figures: five-year summary

Table 1: Balance sheet

Balance sheet
x € million
20151
20141
2013
2012
2011
           
Assets
         
           
Intangible assets
3,228
2,867
2,690
2,793
1,786
Property, plant and equipment
3,171
3,673
3,611
3,811
3,405
Deferred tax assets
366
427
364
340
292
Associates
872
762
295
40
35
Other financial assets
191
130
152
141
135
Non-current assets
7,828
7,859
7,112
7,125
5,653
           
Inventories
1,627
1,739
1,638
1,803
1,573
Receivables
1,556
1,769
1,597
1,799
1,704
Financial derivatives
47
47
126
62
50
Current investments
9
6
19
12
89
Cash and cash equivalents
665
669
770
1,121
2,058
 
3,904
4,230
4,150
4,797
5,474
Other assets held for sale
11
37
637
44
30
Current assets
3,915
4,267
4,787
4,841
5,504
           
Total assets
11,743
12,126
11,899
11,966
11,157
           
Equity and liabilities
         
           
Shareholders' equity
5,541
5,723
5,908
5,874
5,784
Non-controlling interests
90
213
188
168
190
Equity
5,631
5,936
6,096
6,042
5,974
           
Deferred tax liabilities
319
365
375
236
192
Employee benefits liabilities
496
479
326
388
322
Provisions
98
105
97
125
116
Borrowings
2,557
1,637
1,725
1,922
2,029
Other non-current liabilities
228
81
75
94
69
Non-current liabilities
3,698
2,667
2,598
2,765
2,728
           
Employee benefits liabilities
44
45
34
42
6
Provisions
41
42
65
81
43
Borrowings
253
1,143
841
642
160
Financial derivatives
232
362
190
299
326
Current liabilities
1,842
1,915
1,845
2,081
1,905
 
2,412
3,507
2,975
3,145
2,440
Other liabilities held for sale
2
16
230
14
15
Current liabilities
2,414
3,523
3,205
3,159
2,455
           
Total equity and liabilities
11,743
12,126
11,899
11,966
11,157
1 Application of IFRS 11 'Joint Arrangements' that came into effect from 1 January 2014. 2013 has been restated. The years 2011 and 2012 have not been restated.

Table 2: Income statement

Income statement
x € million
2015
2014
2013
2012
2011
           
Net sales
8,935
9,283
9,429
9,131
9,193
           
Operating profit plus depreciation and amortization (EBITDA)
1,170
1,166
1,312
1,109
1,325
           
Operating profit (EBIT)
650
617
773
635
895
Net finance costs
(159)
(118)
(137)
(109)
(82)
Income tax expense
(125)
(89)
(111)
(91)
(155)
Share of the profit of associates
54
7
(19)
2
3
           
Net profit before exceptional items
420
417
506
437
661
Net profit from exceptional items
(328)
(318)
(237)
(149)
199
           
Profit for the year
92
99
269
288
860
Profit attributable to non-controlling interests
(4)
46
2
(10)
(46)
           
Net profit attributable to equity holders of Koninklijke DSM N.V.
88
145
271
278
814
Dividend on cumulative preference shares
(10)
(10)
(10)
(10)
(10)
           
Net profit available to holders of ordinary shares
78
135
261
268
804
           
           
Key figures and ratios
         
Capital employed1
7,553
8,105
8,060
8,084
6,581
Capital expenditure:
         
- Intangible assets and Property, plant and equipment
570
616
694
715
528
- Acquisitions
106
-
424
1,265
974
Disposals
307
93
78
46
742
Depreciation, amortization and impairments
520
549
539
474
430
Net debt
(2,321)
(2,420)
(1,841)
(1,668)
(318)
Dividend
297
296
297
263
247
           
Workforce at 31 December, headcount
20,750
21,351
23,485
23,498
22,224
Employee benefits costs (x € million)
1,778
1,713
1,822
1,761
1,655
           
Ratios1
         
- ROCE in %
8.2
7.8
9.6
8.9
14.3
- Net sales / average capital employed
1.13
1.17
1.18
1.29
1.53
- Current assets / current liabilities
1.62
1.21
1.49
1.53
2.24
- Equity / total assets
0.48
0.49
0.51
0.50
0.54
- Gearing (net debt / equity plus net debt)
0.29
0.29
0.23
0.22
0.05
- EBIT / net sales in %
7.3
6.6
8.2
7.0
9.7
- Net profit / average Shareholders' equity available to holders of ordinary shares in %
1.4
2.4
4.5
4.8
14.9
- EBITDA / net finance costs
7.4
9.9
9.6
10.2
16.2
1 Before reclassification to held for sale

Table 3: Information about ordinary DSM shares

Information about ordinary DSM shares
per ordinary share in €
2015
2014
2013
2012
2011
           
Net profit continuing operations before exceptional items
2.14
2.34
2.84
2.52
3.66
Net profit
0.45
0.78
1.52
1.62
4.86
Operating cash flow
3.93
4.62
5.74
4.35
5.27
           
Dividend:
1.651
1.65
1.65
1.50
1.45
- Interim dividend
0.55
0.55
0.50
0.48
0.45
- Final dividend
1.10
1.10
1.15
1.02
1.00
           
Pay-out including dividend on cumulative preference shares as % of net profit before exceptional items
71
71
59
60
37
Dividend yield (dividend as % of average price of an ordinary DSM share)
3.4
3.3
3.2
3.7
3.6
           
Share prices on Euronext Amsterdam (closing price):
         
- Highest price
55.11
57.97
59.75
46.29
46.82
- Lowest price
39.62
44.44
43.93
36.33
30.54
- At 31 December
46.28
50.64
57.16
45.79
35.85
           
           
(x 1000)
         
Number of ordinary shares outstanding:
         
- At 31 December
174,923
173,537
173,963
168,684
163,257
- Average
174,357
172,605
172,183
165,543
165,567
           
Daily trading volumes on Euronext Amsterdam:
         
- Average
912
801
728
823
1,028
- Lowest
130
104
95
225
191
- Highest
4,506
7,981
3,049
2,720
3,512
1 Subject to approval by the Annual General Meeting of Shareholders