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Fair overview of the development (K3)
For those using K3, under Year end closing - - Fair overview of the development, you must provide a fair review of the development of the company's business, financial position and performance for the current financial year and the three previous years.
- Select the key figures you want to include in the annual report. You can choose to include these:
- Net turnover
- Operating profit
- Profit after financial items
- Operating margin
- Return on total capital
- Return on capital employed
- Return on equity
- Balance sheet total
- Cash liquidity
- Solvency
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Average number of employees
If net sales vary by more than 30 percent between years, the company must comment on this. Comments are entered in the text box.
- Add an optional comment in the Comment on the fair overview of the development field.
- From the Key figure definitions list, select whether you want to include the definitions or not.
Some texts are suggestions and can be changed by clicking on the menu icon that appears when you hover over the field and select Override text. When a text has been changed, the field is highlighted in yellow. To restore the original text, again hover over the field, click on the menu icon and select Reset text.
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Field explanations
Net turnover
Net sales are the same as all sales revenues for the financial year minus discounts, VAT and other taxes related to sales.
Operating profit
Operating profit is a measure of a company's profit before interest and taxes, ie the difference between operating income and operating expenses.
Profit after financial items
Profit after financial items is the same as financial income minus financial expenses.
Operating margin
The operating margin shows how much of the amount traded, after deducting operating expenses including depreciation, is left to cover interest, tax and make an acceptable profit. The size of interest expenses largely determines how much the operating margin should be.
Return on total capital
A measure of how profitable the company is in relation to its total capital, ie how efficiently the company uses its assets to generate profit. The higher the return, the more efficiently the resources are managed. Calculated according to the formula: (Operating profit + financial income) / total capital * 100
Return on capital employed
Return on capital employed indicates the company's profitability in relation to externally financed (borrowed) capital and equity.
Return on equity
Return on equity is a measure of the company's return on owners' investments. The higher the result, the greater the profitability. The value is calculated using the formula: (Profit after financial items / adjusted equity) * 100.
Balance sheet total
The sum of the asset side or the sum of liabilities and equity in the balance sheet.
Cash liquidity
Current assets excluding inventories and work in progress as a percentage of current liabilities. Formula: (Current assets - Stock) / Current liabilities * 100
Solvency
The figure indicates how large a share of the company's assets is financed through equity. It is calculated by dividing adjusted equity by the balance sheet total and is stated in the form of a percentage. Adjusted equity is the same as equity plus untaxed reserves. The equity / assets ratio may be rounded to the full percentage.
Related topics
How do I inform in the annual report that the company was affected by the war in Ukraine?
How do I inform in the annual report that the company was affected by the corona spread?
Guidance to year-end closing for smaller companies (K2) (BFNAR 2016:10)
Guidance to K3 - Annual report and consolidated accounts (BFNAR 2012:1)
