Green

Summary, k EUR
Net Sales 9,026
EBIT% 22.40
Variable costs total 3,696
Profit for the year 1,315
Cumulative Earnings 1,622

Variable production cost per unit, EUR

Finland Rubbana 110
USA AndyOx 0

Shifts
Finland 3

Cash management, k EUR

Cash and cash equivalents 10,370
Short-term debt 0
Net 10,370

Promotion and quality assurance expenditures, k E

Advertising 205
Customer care 200
Quality control 225

Income statement structure

Net Sales 9,026
Gross Profit 5,329
Operating profit before depreciation 4,079
Profit for the Year 1,315

Profit for the year 1,315

Deprec. and finance 2,765
Fixed costs 1,250
Variable costs 3,696

Market Report
Prices (per unit) Green
Rubbana
Finland, EUR 270

Sales/(k units)
Rubbana
Finland 33.43

Sales Total (k units)-Rubbana 33.43

Sales to Markets Total (k units) 33.43

 Market shares/%
Rubbana/Finland 8.39

Additional deliveries (bulk-clients)/(k units)

This year:Rubbana 0
Next year:Rubbana 0

Closing inventory/(k units)

Rubbana 6.93

Production Report
Finland
Buildings capacity, k units 54.15
Building capacity next year, k units 54.15
Machinery capacity, k units 33.75
Production capacity, k units 33.75
Shifts 3
Production wages total, k EUR 769
Rubbana
Persons in production 11.47
Production volume, k units 33.75
Production efficiency, k units/person 2.94
Share of wages, k EUR 769

Logistics Report
Rubbana - Fin Green
Opening inventory 6.60
From production 33.75
Additional deliveries 0
Deliveries to Finland 33.43
Closing inventory 6.93

Rubbana - USA, k units

AndyOx - Finland, k units
AndyOx - USA, k units
Variable production cost per unit, EUR
Finland - Rubbana 110

Income Statement (k EUR)

Green
Net Sales 9,026
Variable Costs
Rubbana
Purchases of materials and supplies2,934
Variable personnel costs 769
Transportation 36.77
 Changes in inventories -42.66
Variable costs total 3,696
Gross Profit 5,329

Marketing and sales costs

Advertising 205
Customer care 200
Market research 50
Marketing and sales costs total 455

Overhead costs
Administration 100
Lay-off costs 33.51
Quality control 225
Cost efficiency improvement 400
Inventory holding costs 36.70
Overhead costs total 795
Operating Profit before Depreciation (EBITDA)
4,079

Depreciation
Buildings 379
Machinery 1,679
Operating Profit (EBIT) 2,022

Financing Income and Expenses

Interest income 87.86
Int.exp. on long-term loans 258
Int.exp. on short-term loans 0
Profit before taxes 1,852
Direct taxes 537
Profit for the year 1,315

Balance Sheet (k EUR)

Assets
Fixed Assets
Buildings 7,202
Machinery 5,036
Fixed assets total 12,237
Current Assets
Finished products inventory 760
Accounts receivable 742
Cash and cash equivalents 10,370
Assets Total 24,109

Liabilities and Shareholders' Equity

Shareholders' equity
Share capital 2,000
Other restricted equity 5.08
Retained earnings 5,308
 Profit for the year 1,315
Shareholders' equity total 8,628

Liabilities
Long-term
Long-term debt 15,240
Short-term
Short-term debt 0
Advance payments received 0
Accounts payable 241
Liabilities total 15,481
Liabilities and equity total 24,109

Cash Flow Statement (k EUR)

Funds From Operations
Operating profit before depreciation4,079
Financing income and expenses -170
Direct taxes -537
Funds from operations total 3,372
Changes in net working capital
Changes in inventories (incr - / decr -42.66
+)
Changes in receivables (incr - / decr +)-195
Changes in payables (incr. + / decr -)27.09
Advance payments received (incr. + / decr -)0
Changes in net working capital total (incr. - / decr.
-210 +)
Cash flow from operations 3,162

Capital expenditure
Buildings 0
Machinery 0
Capital expenditure total 0
Cash flow before financing 3,162
Financing
Changes in long-term loans (incr. + / decr. -)0
Changes in short-term financing (incr. + / decr.0-)
Dividend payment 0
Proceeds from equity issue 5.33
Financing total 5.33
Change in liquid assets 3,167
Liquid assets at 1st January 7,203
Liquid assets at 31st December 10,370
Change in liquid assets 3,167

Key Ratios
Green
Sales costs/sales, % 5.04
Quality control/sales, % 2.49
Gross margin, % 59.05
 Operating profit margin, % 22.40
Net profit, % 14.57
Return on capital employed, ROCE % 9.09
Current ratio 49.23
Equity ratio, % 35.79

Weighted average cost of capital WACC, 8.44

%
Implied cost of equity, % 9.38
Market value of company, k EUR118,526
Number of shares (k-shares) 20,001
Face value of share, EUR 0.25
Market value of share, EUR 5.93
Earnings per share, EUR 0.07
P/E ratio 90.16
Long-term borrowing rate, % 1.69
Total shareholder return this year, %11.24
Cumulative total shareholder return, p.a,11.24
%
 Red Blue Orange Grey Ochre Pink

9,053 9,864 10,613 11,164 6,983 9,058

14.46 13.86 15.67 15.96 8.25 6.85
3,836 4,042 4,389 4,674 2,198 3,858
776 824 1,057 1,126 248 342
1,083 1,132 1,364 1,434 556 650

ion cost per unit, EUR

111 107 107 110 112 111
0 0 0 0 0 0

3 3 3 3 3 2.77

ent, k EUR
4,273 5,495 10,736 6,684 5,665 5,689
0 0 0 0 0 0
4,273 5,495 10,736 6,684 5,665 5,689

uality assurance expenditures, k EUR

205 210 203 237 620 190
190 210 202 200 400 210
200 380 1,000 880 250 200

nt structure
9,053 9,864 10,613 11,164 6,983 9,058
5,217 5,822 6,224 6,490 4,785 5,200
4,104 3,793 3,720 4,576 3,003 4,153
776 824 1,057 1,126 248 342

776 824 1,057 1,126 248 342

3,328 2,969 2,664 3,450 2,754 3,811
1,113 2,029 2,503 1,914 1,783 1,047
3,836 4,042 4,389 4,674 2,198 3,858

Red Blue Orange Grey Ochre Pink

264 265 263 265 355 262

34.29 37.22 40.35 42.13 19.67 34.57

34.29 37.22 40.35 42.13 19.67 34.57

34.29 37.22 40.35 42.13 19.67 34.57

 8.61 9.34 10.13 10.57 4.94 8.68

ries (bulk-clients)/(k units)

0 0 0 0 0 0
0 0 0 0 0 0

26.06 13.13 0.00 18.22 30.68 22.03

54.15 54.15 54.15 54.15 54.15 54.15

64.15 74.15 54.15 54.15 54.15 74.15
53.75 43.75 33.75 53.75 43.75 73.75
53.75 43.75 33.75 53.75 43.75 54.15
3 3 3 3 3 2.77
1,310 889 694 1,245 1,082 1,202

19.54 13.27 10.36 18.58 16.15 18.66

53.75 43.75 33.75 53.75 43.75 50
2.75 3.30 3.26 2.89 2.71 2.68
1,310 889 694 1,245 1,082 1,202

Red Blue Orange Grey Ochre Pink

6.60 6.60 6.60 6.60 6.60 6.60
53.75 43.75 33.75 53.75 43.75 50
0 0 0 0 0 0
34.29 37.22 40.35 42.13 19.67 34.57
26.06 13.13 0 18.22 30.68 22.03

ion cost per unit, EUR

111 107 107 110 112 111

ment (k EUR)
Red Blue Orange Grey Ochre Pink
9,053 9,864 10,613 11,164 6,983 9,058

4,672 3,803 2,934 4,672 3,803 4,346

1,310 889 694 1,245 1,082 1,202
37.72 40.94 44.39 46.34 21.64 38.03
 -2,183 -691 717 -1,289 -2,709 -1,728
3,836 4,042 4,389 4,674 2,198 3,858
5,217 5,822 6,224 6,490 4,785 5,200

205 210 203 237 620 190

190 210 202 200 400 210
50 50 50 50 50 50
445 470 455 487 1,070 450

100 100 100 100 100 100

0 9.20 48.49 0 0 0
200 380 1,000 880 250 200
230 1,000 900 350 200 180
138 69.61 0.00 96.59 163 117
668 1,559 2,048 1,427 713 597
4,104 3,793 3,720 4,576 3,003 4,153

379 379 379 379 379 379

2,416 2,047 1,679 2,416 2,047 3,154
1,309 1,367 1,663 1,781 576 620

e and Expenses
57.38 63.49 89.69 69.43 64.34 64.46
273 270 264 264 291 203
0 0 0 0 0 0
1,093 1,161 1,488 1,586 350 482
317 337 432 460 101 140
776 824 1,057 1,126 248 342

t (k EUR)

8,542 9,882 7,202 7,202 7,202 9,882

7,248 6,142 5,036 7,248 6,142 9,461
15,790 16,024 12,237 14,450 13,344 19,342

2,900 1,409 0.00 2,006 3,426 2,445

744 811 872 918 574 744
4,273 5,495 10,736 6,684 5,665 5,689
23,707 23,737 23,845 24,058 23,008 28,220

hareholders' Equity

2,000 2,003 2,000 2,000 2,000 2,250

0 50.74 0 0 0 4,823
5,308 5,308 5,308 5,308 5,208 5,108
 776 824 1,057 1,126 248 342
8,083 8,185 8,364 8,434 7,456 12,523

15,240 15,240 15,240 15,240 15,240 15,340

0 0 0 0 0 0
0 0 0 0 0 0
384 313 241 384 313 357
15,624 15,553 15,481 15,624 15,553 15,697
23,707 23,737 23,845 24,058 23,008 28,220

atement (k EUR)

4,104 3,793 3,720 4,576 3,003 4,153

-216 -206 -175 -195 -227 -139
-317 -337 -432 -460 -101 -140
3,571 3,250 3,114 3,921 2,675 3,875
working capital
-2,183 -691 717 -1,289 -2,709 -1,728
-197 -264 -325 -371 -26.93 -197
170 98.53 27.09 170 98.53 143
0 0 0 0 0 0
-2,211 -857 419 -1,490 -2,638 -1,782
1,360 2,394 3,533 2,432 36.97 2,093

1,340 2,680 0 0 0 2,680

2,950 1,475 0 2,950 1,475 5,900
4,290 4,155 0 2,950 1,475 8,580
-2,930 -1,761 3,533 -518 -1,438 -6,487

0 0 0 0 0 100
0 0 0 0 0 0
0 0 0 0 -100 -200
0 53.24 0 0 0 5,073
0 53.24 0 0 -100 4,973
-2,930 -1,708 3,533 -518 -1,538 -1,514
7,203 7,203 7,203 7,203 7,203 7,203
4,273 5,495 10,736 6,684 5,665 5,689
-2,930 -1,708 3,533 -518 -1,538 -1,514

Red Blue Orange Grey Ochre Pink

4.92 4.77 4.29 4.36 15.32 4.97
2.21 3.85 9.42 7.88 3.58 2.21
57.63 59.03 58.64 58.13 68.53 57.41
 14.46 13.86 15.67 15.96 8.25 6.85
8.57 8.35 9.96 10.09 3.56 3.78
5.96 6.22 7.59 8.01 2.83 2.72
20.62 24.68 48.14 25.02 30.92 24.85
34.10 34.48 35.08 35.06 32.41 44.38

8.44 8.44 8.44 8.44 8.43 8.46

9.40 9.41 9.39 9.37 9.44 9.42
113,220 113,046 115,922 118,452 106,965 119,388
20,000 20,010 20,000 20,000 20,000 21,000
0.25 0.25 0.25 0.25 0.25 0.25
5.66 5.65 5.80 5.92 5.35 5.69
0.04 0.04 0.05 0.06 0.01 0.02
146 137 110 105 431 349
1.79 1.77 1.73 1.73 1.91 1.33
6.27 6.05 8.81 11.18 0.49 6.91
6.27 6.05 8.81 11.18 0.50 6.93
Navy Yellow Olive Brown

9,694 10,589 10,358 11,056

17.52 18.75 14.71 18.20
3,899 4,571 4,223 4,508
1,081 1,292 935 1,297
1,389 1,600 1,243 1,605

107 109 109 109

0 0 0 0

3 3 3 3

10,364 8,261 6,397 7,539

0 0 0 0
10,364 8,261 6,397 7,539

215 210 205 200

200 200 205 210
400 500 640 1,000

9,694 10,589 10,358 11,056

5,795 6,018 6,135 6,549
3,756 4,411 4,319 4,439
1,081 1,292 935 1,297

1,081 1,292 935 1,297

2,675 3,119 3,384 3,142
2,039 1,607 1,817 2,110
3,899 4,571 4,223 4,508

Navy Yellow Olive Brown

270 255 270 270

35.90 41.53 38.36 40.95

35.90 41.53 38.36 40.95

35.90 41.53 38.36 40.95

 9.01 10.42 9.63 10.28

0 0 0 0
0 15 0 0

4.45 8.83 21.99 9.40

54.15 54.15 54.15 54.15

54.15 54.15 54.15 64.15
33.75 43.75 53.75 43.75
33.75 43.75 53.75 43.75
3 3 3 3
686 968 1,190 968

10.23 14.45 17.75 14.45

33.75 43.75 53.75 43.75
3.30 3.03 3.03 3.03
686 968 1,190 968

Navy Yellow Olive Brown

6.60 6.60 6.60 6.60
33.75 43.75 53.75 43.75
0 0 0 0
35.90 41.53 38.36 40.95
4.45 8.83 21.99 9.40

107 109 109 109

Navy Yellow Olive Brown

9,694 10,589 10,358 11,056

2,934 3,803 4,672 3,803

686 968 1,190 968
39.49 45.68 42.20 45.04
 240 -246 -1,681 -309
3,899 4,571 4,223 4,508
5,795 6,018 6,135 6,549

215 210 205 200

200 200 205 210
50 50 50 50
465 460 460 460

100 100 100 100

50.17 0 0 0
400 500 640 1,000
1,000 500 500 500
23.60 46.79 117 49.84
1,574 1,147 1,357 1,650
3,756 4,411 4,319 4,439

379 379 379 379

1,679 2,047 2,416 2,047
1,699 1,985 1,524 2,013

87.83 77.32 68.00 73.71

263 242 274 259
0 0 0 0
1,523 1,820 1,317 1,827
442 528 382 530
1,081 1,292 935 1,297

7,202 7,202 7,202 8,542

5,036 6,142 7,248 6,142
12,237 13,344 14,450 14,684

477 963 2,398 1,026

797 870 851 909
10,364 8,261 6,397 7,539
23,875 23,438 24,097 24,157

2,000 2,000 2,000 2,000

5.08 0 0 0
5,308 5,308 5,308 5,308
 1,081 1,292 935 1,297
8,394 8,600 8,243 8,605

15,240 14,240 15,470 15,240

0 0 0 0
0 285 0 0
241 313 384 313
15,481 14,838 15,854 15,553
23,875 23,438 24,097 24,157

3,756 4,411 4,319 4,439

-176 -165 -206 -186
-442 -528 -382 -530
3,139 3,719 3,730 3,723

240 -246 -1,681 -309

-250 -323 -304 -362
27.09 98.53 170 98.53
0 285 0 0
16.91 -185 -1,816 -572
3,156 3,533 1,915 3,152

0 0 0 1,340
0 1,475 2,950 1,475
0 1,475 2,950 2,815
3,156 2,058 -1,035 337

0 -1,000 230 0
0 0 0 0
0 0 0 0
5.33 0 0 0
5.33 -1,000 230 0
3,161 1,058 -805 337
7,203 7,203 7,203 7,203
10,364 8,261 6,397 7,539
3,161 1,058 -805 337

Navy Yellow Olive Brown

4.80 4.34 4.44 4.16
4.13 4.72 6.18 9.04
59.78 56.83 59.23 59.23
 17.52 18.75 14.71 18.20
11.15 12.20 9.03 11.73
7.74 9.09 6.88 8.99
48.27 32.29 25.12 30.31
35.16 36.69 34.21 35.62

8.44 8.45 8.44 8.44

9.39 9.32 9.40 9.36
115,432 119,481 115,480 120,004
20,001 20,000 20,000 20,000
0.25 0.25 0.25 0.25
5.77 5.97 5.77 6.00
0.05 0.06 0.05 0.06
107 92.45 123 92.51
1.73 1.64 1.79 1.70
8.34 12.15 8.39 12.64
8.34 12.15 8.39 12.64