| Financial
ratios |
2002.12.31 |
2003.12.31 |
2004.12.31 |
2005.12.31 |
| % |
% |
%
|
%
|
| Net income to total assets
|
12.01 |
4.04 |
1.04
|
5.11
|
| Recurring income to total
assets |
17.22 |
5.94 |
1.70
|
5.35
|
| Net income to shareholders'
equity |
19.88 |
6.54 |
1.70
|
7.64
|
| Net income to sales |
12.4 |
4.25 |
0.97
|
4.97
|
| Recurring profit to sales |
17.78 |
6.25 |
1.59
|
5.21
|
| Operating income to sales |
5.67 |
6.07 |
3.43
|
6.05
|
| Gross profit to sales |
26.25 |
22.73 |
19.34
|
23.58
|
| Times interest earned, interest coverage
ratio |
15.12 |
5.62 |
2.14
|
5.66
|
| Financial expense / sales |
1.26 |
1.35 |
1.40
|
1.12
|
| Equity to total assets |
61.42 |
62.17 |
60.35
|
72.25
|
| Debt / Equity ratio |
62.8 |
60.84 |
65.70
|
38.4
|
| Total borrowings to total
assets |
20.06 |
21.06 |
22.38
|
13.75
|
| Total borrowings to shareholders'
equity |
32.66 |
33.87 |
37.08
|
19.02
|
| Current liabilities to
shareholders' equity |
50.66 |
44.58 |
50.24
|
31.73
|
