DSM figures: five-year summary

Balance sheet

x € million
20161
20151
20141
2013
2012
      
Assets
     
      
Intangible assets
3,188
3,228
2,867
2,690
2,793
Property, plant and equipment
3,325
3,171
3,673
3,611
3,811
Deferred tax assets
355
366
427
364
340
Share in associates and joint ventures
586
644
617
247
27
Other financial assets
463
419
275
200
154
Non-current assets
7,917
7,828
7,859
7,112
7,125
      
Inventories
1,800
1,627
1,739
1,638
1,803
Current receivables
1,653
1,556
1,769
1,597
1,799
Financial derivatives
40
47
47
126
62
Current investments
944
9
6
19
12
Cash and cash equivalents
604
665
669
770
1,121
 
5,041
3,904
4,230
4,150
4,797
Assets held for sale
-
11
37
637
44
Current assets
5,041
3,915
4,267
4,787
4,841
      
Total assets
12,958
11,743
12,126
11,899
11,966
      
Equity and liabilities
     
      
Shareholders' equity
6,072
5,541
5,723
5,908
5,874
Non-controlling interests
108
90
213
188
168
Equity
6,180
5,631
5,936
6,096
6,042
      
Deferred tax liabilities
278
319
365
375
236
Employee benefits liabilities
490
496
479
326
388
Provisions
128
98
105
97
125
Borrowings
2,552
2,557
1,637
1,725
1,922
Other non-current liabilities
158
228
81
75
94
Non-current liabilities
3,606
3,698
2,667
2,598
2,765
      
Employee benefits liabilities
40
44
45
34
42
Provisions
54
41
42
65
81
Borrowings
853
253
1,143
841
642
Financial derivatives
253
232
362
190
299
Current liabilities
1,972
1,842
1,915
1,845
2,081
 
3,172
2,412
3,507
2,975
3,145
Liabilities held for sale
-
2
16
230
14
Current liabilities
3,172
2,414
3,523
3,205
3,159
      
Total equity and liabilities
12,958
11,743
12,126
11,899
11,966

1 Application of IFRS 11 'Joint Arrangements' that came into effect from 1 January 2014. 2013 has been restated. The year 2012 has not been restated.

Income statement

x € million
2016
2015
2014
2013
2012
      
Net sales
7,920
8,935
9,283
9,429
9,131
      
Adjusted EBITDA
1,262
1,170
1,166
1,312
1,109
EBITDA
1,146
1,046
1,134
1,187
941
      
Adjusted operating profit (EBIT)
791
650
617
773
635
Operating profit (EBIT)
657
304
290
476
441
Financial income and expense
(133)
(174)
(125)
(144)
(109)
Income tax expense
(89)
(68)
(7)
(76)
(46)
Share of the profit of associates and joint ventures
194
30
(59)
13
2
      
Profit for the year
629
92
99
269
288
Profit attributable to non-controlling interests
8
4
(46)
(2)
10
      
Net profit attributable to equity holders of Koninklijke DSM N.V.
621
88
145
271
278
Dividend on cumulative preference shares
(4)
(10)
(10)
(10)
(10)
      
Net profit available to holders of ordinary shares
617
78
135
261
268
      
      
Key figures and financial ratios
     
Capital employed1
7,889
7,553
8,105
8,060
8,084
Capital expenditure:
     
- Intangible assets and Property, plant and equipment
485
570
616
694
715
- Acquisitions
16
106
-
424
1,265
Disposals
87
307
93
78
46
Depreciation, amortization and impairments
489
742
798
730
500
Net debt
(2,070)
(2,321)
(2,420)
(1,841)
(1,668)
Dividend
310
297
296
297
263
      
Workforce at 31 December, headcount
20,786
20,796
21,351
23,485
23,498
Employee benefits costs (x € million)
1,752
1,778
1,713
1,822
1,761
      
Financial ratios1
     
- ROCE in %
10.4
8.2
7.8
9.6
8.9
- Net sales / average capital employed
1.04
1.13
1.17
1.18
1.29
- Current assets / current liabilities
1.58
1.62
1.21
1.49
1.53
- Equity / total assets
0.48
0.48
0.49
0.51
0.50
- Gearing (net debt / equity plus net debt)
0.25
0.29
0.29
0.23
0.22
- Adjusted EBIT / net sales in %
10.0
7.3
6.6
8.2
7.0
- Net profit / average Shareholders' equity available to holders of ordinary shares in %
11.1
1.4
2.4
4.5
4.8
- Adjusted EBITDA / Financial income and expense
9.5
7.4
9.9
9.6
10.2

1 Before reclassification to held for sale

Information about ordinary DSM shares

per ordinary share in €
2016
2015
2014
2013
2012
      
Adjusted Net profit
2.90
2.14
2.34
2.84
2.52
Net profit
3.52
0.45
0.78
1.52
1.62
Operating cash flow
5.79
3.93
4.62
5.74
4.35
      
Dividend:
1.751
1.65
1.65
1.65
1.50
- Interim dividend
0.55
0.55
0.55
0.50
0.48
- Final dividend
1.20
1.10
1.10
1.15
1.02
      
Pay-out including dividend on cumulative preference shares as % of Adjusted net profit
60
71
71
59
60
Dividend yield (dividend as % of average price of an ordinary DSM share)
3.3
3.4
3.3
3.2
3.7
      
Share prices on Euronext Amsterdam (closing price):
     
- Highest price
64.18
55.11
57.97
59.75
46.29
- Lowest price
41.40
39.62
44.44
43.93
36.33
- At 31 December
56.96
46.28
50.64
57.16
45.79
      
      
(x 1,000)
     
Number of ordinary shares outstanding:
     
- At 31 December
175,002
174,923
173,537
173,963
168,684
- Average
175,100
174,357
172,605
172,183
165,543
      
Daily trading volumes on Euronext Amsterdam:
     
- Average
787
912
801
728
823
- Lowest
152
130
104
95
225
- Highest
2,554
4,506
7,981
3,049
2,720

1 Subject to approval by the Annual General Meeting of Shareholders