The Schindler Annual Report consists of two separate parts, the Group Review and the Financial Statements, and can be ordered as a hard copy via our order form. Interim Reports are available online as a PDF.
Definition on non-GAAP items used the Schindler Annual Report
The financial information included in the Group Review comprise certain non-GAAP measures, which are not accounting measures as defined by IFRS. They are solely used by management for setting goals and measuring the Group’s performance. The non-GAAP measures may not be comparable to similar measures of other companies and they should not be viewed as a substitute for IFRS measures.
Number of employees
The number of employees is defined as full-time equivalent employees (FTE).
Includes all product lines, new installations, modernization, repairs, and maintenance.
Includes all open customer contracts, net of already recognized revenue for contracts with customers.
Return on equity (ROE)
RoE is defined as net profit divided by the average total equity. The average is based (RoE) on the opening and closing balance of the period.
+ Cash and cash equivalents + Current financial assets + Non-current financial assets (excluding investment in Hyundai Elevator Co. Ltd.) – Current financial debts – Non-current financial debts
Net working capital
+ Accounts receivable + Income tax receivable + Contract assets + Inventories + Prepaid expenses and accrued income – Accounts payable – Income tax payable – Contract liabilities – Accrued expenses and deferred income
Include costs related to strategic restructuring.
Comprise significant costs and income, which because of their exceptional nature cannot be viewed inherent to the Group’s ongoing performance, such as revaluation gains, disposals of Group companies, and impairments.
Changes in local currencies
Changes in local currencies are calculated using constant exchange rates. The change is calculated by converting the current period at previous year average rates and comparing the result with the previous-year figures.