Securit as ’ fnancial model – consolidated capit al emplo y ed and fnancin g Supplement ar y information M SEK 2012 2011 2010 Oper atin g capit al emplo y ed Other int an g ible assets 368.1 330.5 272.4 Buildin g s and land 318.8 341.7 337.4 M achiner y and equipment 2 058.9 2 020.1 1 946.5 Deferred t ax assets 1 542.3 1 511.1 1 353.4 Other lon g -term receiv ables 628.9 534.2 384.3 In v entories 116.7 68.2 45.9 Accounts receiv able 10 490.1 10 965.0 9 724.1 Current t ax assets 323.8 305.4 255.2 Other current receiv ables 1 503.5 1 464.0 1 144.3 T ot al assets 17 351.1 17 540.2 15 463.5 Other lon g -term liabilities 409.3 532.1 282.3 Pro visions for pensions and similar commitments 1 470.6 1 453.5 1 151.2 Deferred t ax liabilities 719.0 669.4 432.1 Other lon g -term pro visions 699.3 999.7 981.5 Accounts pa y able 1 033.1 914.9 853.6 Current t ax liabilities 237.0 253.4 285.5 Other current liabilities 9 108.2 8 793.6 8 227.3 Short -term pro visions 1 094.5 779.0 663.5 T ot al liabilities 14 771.0 14 395.6 12 877.0 T ot al oper atin g capit al emplo y ed 2 580.1 3 144.6 2 586.5 G oodwill 14 275.4 14 727.4 13 338.8 Acquisition related int an g ible assets 1 501.9 1 574.1 1 096.5 Shares in associated companies 108.0 108.2 125.6 T ot al capit al emplo y ed 18 465.4 19 554.3 17 147.4 Operating capit al emplo y ed as % o f sale s 4 5 4 Re t urn on capit al emplo y ed, % 14 17 22 Net debt Interes t -bearin g fnancial non-current assets 224.3 189.5 205.7 Other interes t -bearin g current assets 116.3 19.6 68.3 Liquid funds 4 880.7 2 507.4 2 586.9 T ot al interes t -bearin g assets 5 221.3 2 716.5 2 860.9 Lon g -term loan liabilities 9 099.9 8 576.8 7 202.6 Short -term loan liabilities 5 986.0 4 488.5 3 867.2 T ot al interes t -bearin g liabilities 15 085.9 13 065.3 11 069.8 T ot al net debt 9 864.6 10 348.8 8 208.9 Ne t deb t equit y ratio , multiple 1.15 1.12 0.92 Shareholder s ’ equit y Share capit al 365.1 365.1 365.1 Other capit al contributed 7 362.6 7 362.6 7 362.6 Other reser v es -1 379.1 -825.6 -736.3 R et ained earnin g s 2 238.3 2 300.8 1 944.0 Non-controllin g interes ts 13.9 2.6 3.1 T ot al shareholder s ’ equit y 8 600.8 9 205.5 8 938.5 T ot al fnancin g 18 465.4 19 554.3 17 147.4 n n n Oper atin g items. n n n Net debt -related items. n n n G oodwill, t ax es and non-oper atin g items. n n n Items related to shareholder s ’ equit y . Securit as ’ fnancial model is described on pa g es 50–51. 73 Securit as Annual R eport 2012 Annual R eport Consolidated fnancial s t atements