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balance

Periodic comparison of all assets and liabilities on a key date. The asset side provides information on the use of the funds, while the liability side provides information on the acquisition of the funds (financing). part of the annual report.

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Manager

Anglo-Saxon acronym for Chief Executive Officer, Chief Financial Officer, Chief Investment Officer and Chief Operating Officer, which together make up the Executive Board.

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CFO

Anglo-Saxon acronym for Chief Executive Officer, Chief Financial Officer, Chief Investment Officer and Chief Operating Officer, which together make up the Executive Board.

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cash flow

Ordinary cash flow generated from a company’s operating activities. Extraordinary expenses and income should be excluded from the cash flow calculation, as should extreme changes in the formation or release of hidden reserves.

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EBIT

EBIT (Earnings before Interest and Taxes): Earnings before interest and tax. Ebita: Ebit before goodwill amortization. Ebitda (Earnings before Interest, Taxes, Depreciation and Amortization): Operating profit before interest, tax, depreciation and amortization. These three variants of the operating profit show the operational earning power better than the published net profit. Apart from operational reasons, this can vary widely depending on the accounting standard, the contribution of the financial result (interest as defined above) and the tax burden. Discontinued operations are usually eliminated from operating profit and included in net profit as a result of discontinued operations. On the other hand, extraordinary expenses for restructuring or value adjustments are taken into account if they are operational.

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Ebitda

EBIT (Earnings before Interest and Taxes): Earnings before interest and tax. Ebita: Ebit before goodwill amortization. Ebitda (Earnings before Interest, Taxes, Depreciation and Amortization): Operating profit before interest, tax, depreciation and amortization. These three variants of the operating profit show the operational earning power better than the published net profit. Apart from operational reasons, this can vary widely depending on the accounting standard, the contribution of the financial result (interest as defined above) and the tax burden. Discontinued operations are usually eliminated from operating profit and included in net profit as a result of discontinued operations. On the other hand, extraordinary expenses for restructuring or value adjustments are taken into account if they are operational.

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Equity

That part of the total capital owned by the shareholders and paid to them in the event of a going concern. From the shareholders’ point of view, a company’s most important task is to create a return on equity that is commensurate with the risk (cf. the bank’s equity).

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equity share

Share of equity in total assets. As long as the risks do not become too great, shareholders generally prefer a low equity ratio, as this increases the return on equity (cf. leverage effect).

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income statement

In contrast to the view of the balance sheet based on the key date, the income statement shows a company’s business development over a certain period. part of the annual report.

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goodwill

The difference between the market value or selling price of a business and its equity determined according to business criteria. Goodwill expresses non-accounting values ​​such as market position, patents or growth opportunities, where prices are often too high in bull markets. According to the IFRS accounting standard, goodwill can no longer be written off over a certain period, but must be continuously checked for impairment. In case of impairment, a special write-off must be carried out. The Swiss Gaap Fer guidelines, on the other hand, allow the company to write off the acquired goodwill in the initial consolidation of an acquisition by offsetting it against equity.

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price-earnings ratio

Share price in relation to earned or expected earnings per dividend bearing share. The stock valuation ratio indicates how many times the earnings per share is included in the share price. P/E can be used to compare different stocks within an industry.

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possibility

The right – but not the obligation – to buy (call) or sell (put) a fixed amount of a specific underlying asset at a previously determined exercise price within a specified period (maturity). For this right, the option holder pays an option premium to the seller of the option. Options can be traded individually between the parties (OTC option), securitized in a warrant or traded on futures exchanges.

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