M SEK 2008 2009 2010 2011 2012 CAPIT AL EMPL O YED AND FINANCING Non-current assets e x cludin g acquisition related items 5 081.7 4 651.3 4 294.0 4 737.6 4 917.0 Accounts receiv able 9 962.6 9 363.3 9 724.1 10 965.0 10 490.1 Other oper atin g capit al emplo y ed -12 084.9 -11 391.2 -11 431.6 -12 558.0 -12 827.0 Oper atin g capit al emplo y ed 2 959.4 2 623.4 2 586.5 3 144.6 2 580.1 • as % o f t o tal sale s 5 4 4 5 4 G oodwill 14 104.3 13 558.3 13 338.8 14 727.4 14 275.4 Acquisition related int an g ible assets 751.3 894.9 1 096.5 1 574.1 1 501.9 Shares in associated companies 104.9 132.1 125.6 108.2 108.0 Capit al emplo y ed 17 919.9 17 208.7 17 147.4 19 554.3 18 465.4 • Re turn on capital emplo y ed, % 18 22 22 17 14 Net debt 9 412.6 8 387.7 8 208.9 10 348.8 9 864.6 Ne t deb t equit y ratio , multiple 1.11 0.95 0.92 1.12 1.15 Int ere s t co v erage ratio , multiple 3.9 2 6.1 7.4 6.1 5.0 • F ree cash fo w in relation t o ne t deb t 0.21 3 0.26 0.24 0.08 0.21 Shareholder s ’ equit y at tribut able to equit y holder s of the Parent Compan y 8 500.6 8 812.7 8 935.4 9 202.9 8 586.9 Non-controllin g interes ts 6.7 8.3 3.1 2.6 13.9 Re turn on equit y , % 27 24 23 19 14 E quit y ratio , % 24 27 27 25 22 Financin g of capit al emplo y ed 17 919.9 17 208.7 17 147.4 19 554.3 18 465.4 1 F or defnitions and calculation of k e y r atios refer to note 3. 2 R elated to continuin g oper ations. 3 Includes free cash fo w from discontinued oper ations, which is included on the line Cash fo w for the y ear , discontinued oper ations in the St atement of cash fo w on the pre vious pa g e . • Group k e y r atios accor din g to Securit as ’ fnancial model. R efer to pa g es 50–51. 119 Securit as Annual R eport 2012 Annual R eport Notes and comments to the consolidated fnancial s t atements