1) A ratio analysis for the last fiscal year using at least two ratios from each of the following categories:

a. Liquidity b. Financial leverage c. Asset management d. Profitability e. Market value

2) Calculate Return on Equity (ROE) using the DuPont system.

3) Assess management performance by calculating Economic Value Added (EVA).

FOURTH QUARTER FULL YEAR

Income Statement	Q4/ 20144 million	Q4/ 2013 million	Deviation	1-12/2014 million	1-12/2013 million	Deviation
Sales Cost of sales	450,8 -413,0	698,3 -396,7	7.5% 4.1%	2,972.0 -1,586.7	2,985.3 -1,597.8	-0.4% -0.7%
Gross Profit - in % of consolidated sales Royalty and commission income Other operating income and expenses	337.8 45.0% 5.2 -332.5	301.6 4302% 5.7 -306.2	12.0% 7.7 8.6%	1,385.4 46.6% 19.4 -1,276.8	1,387.5 46.5% 20.8 -1.216.9	-0.2% -6.7% 4.9%
Operating result before special items - in % of consolidated sales Special items	10.6 1.4% 0.0	1.1 0.2% -129.0	892.2% -100.0%	128.0 4.3% 0.0	191.4 6.4% -129.0	-33.1% -100.0%
Operating result (EBIT) - in % of consolidated sales Financial result / Income from associated companies	10.6 1.4% -1.0	-127.9 -83.3% 0.8	-108.3% -223.5%	128.0 4.3% -6.2	62.5 2.1% -8.7%	104.9% -28.8%
Earnings before ---taxes (EBT) - in % of -------------consolidated sales Taxes on income--- - Tax rate------------- Net earnings ------attributable to non-controlling interests	9.6 1.3% -4.7% 48.6% -9.5	-127.1 -18.2% 18.6 14.6% -6.7	-107.5% -125.0% 42.0%	121.8 4.1% -37.0 30.4% -20.8	53.7 1.8% -32.5 60.5% -15.9	126.6% 13.7% 30.5%
Net earnings	-4.6	-115.2	-96.0%	64.1	5.3	1,103.0%
Earnings per share () Earnings per share () - diluted	-0,30 -0,30	-7,71 -7,71	-96,0% -96,0%	4,29 4,29	0,36 0,36	1.103.0% 1.103,1%
Weighted average shares outstanding Weighted average shares outstanding - diluted				14,940 14,940	14,940 14,941	0,0% 0,0%

Balance Sheet

Balance Sheet	Dec 31,2014 million	Dec 31, 2013 million	Deviation
Assets
Cash and cash equivalents	401,5	390,1	2,9%
Inventories	571,5	521,3	9,6%
Trade receivables	449,2	423,4	6,1%
Other current assets (Working Capital related)	202,4	167,8	20,6%
Other current assets	58,0	11,6	400,9%
Current Assets	1.682,5	1.514,2	11,1%
Deferred taxes	178,8	164,2	8,9%
Other non-current assets	688,7	630,1	9,3%
Non-current assets	867,5	794,3	9,2%
Total Assets	2.549,9	2.308,5	10,5%
LIABILITIES AND SHAREHOLDERS' EQUITY
Current financial liabilities	19,8	25,1	-21,1%
Trade payables	515,2	373,1	38,1%
Other current liabilities (Working Capital related)	252,1	211,1	19,4%
Other current liabilities	35,5	81,6	-56,5%
Current liabilities	822,6	690,8	19,1%
Deferred taxes	54,6	50,3	8,5%
Pension provisions	26,0	28,1	-7,3%
Other non-current liabilities	28,4	42,1	-32,5%
Non-current liabilities	109,0	120,4	-9,4%
Shareholders' equity	1.618,3	1.497,3	8,1%
Total Liabilities and Shareholders' equity	2.549,9	2.308,5	10,5%

******** Please do all 5 questions.... I have included the income statement from 2014 with 2013. Please let me know if you need anything else instead of just answering one question. I need all questions answered.... **********

Thank you. Please DO NOT copy and paste answers from other questions.