Definitions

Key performance measures are either measures used in Swedish listed companies or measures used by management and analysts.

Average interest expenses Interest expenses divided by average interestbearing liabilities.	Net margin Profit/loss before tax as a percentage of revenue.
Cash flow from operating activities before changes in working capital The reason for the key performance measure is that the change in inventories, trade receivables and trade payables is marginal, and these items are therefore eliminated to obtain a more accurate picture of operations.	Operating margin Operating profit/loss after depreciation/amortisation as a percentage of revenue.
Cash flow per share Cash flow before change in working capital divided by the average number of shares.	Operating profit/loss Revenue less cost of goods for resale, personnel costs, other operating expenses, depreciation, plus profit/loss from joint ventures/associates and negative goodwill.
CO2e Amount of a specific greenhouse gas, expressed as the amount of CO 2 that has the same greenhouse gas effect.	Organic growth Growth above inflation.
Current ratio Current assets including unutilised credit facilities granted as a percentage of current liabilities.	P/E ratio Share price at the reporting date divided by earnings per share after tax.
Debt/equity ratio Interest-bearing liabilities as a percentage of equity.	Price/equity ratio Share price at the reporting date divided by equity per share.
Diluted earnings per share Profit/loss for the year attributable to shareholders of the Parent, adjusted for interest expenses after tax on convertible debt, divided by the number of shares after full conversion of convertibles subscribed for.	Quick ratio Current assets including unutilised credit facilities granted less inventories divided by current liabilities.
Earnings per share Profit/loss for the year attributable to shareholders of the Parent divided by average number of shares.	Return on capital employed Profit/loss after net financial items plus finance costs as a percentage of average capital employed. Capital employed is defined as assets less noninterest-bearing liabilities.
ESG Environmental, social and governance. Refers to three key factors that are considered when evaluating the sustainability and social impact of an investment in a company or business.	Return on equity Profit/loss after tax as a percentage of average equity.
Equity/assets ratio Equity as a percentage of total assets.	Return on total assets Profit/loss after net financial items plus finance costs as a percentage of average total assets.
Equity per share Equity divided by the average number of shares for the reporting date.	SBTi SBTi is a partnership between the World Wide Fund for Nature (WWF), the UN Global Compact, the Carbon Disclosure Project and the World Resources Institute. The aim is to ensure that the climate targets set by companies have a scientific basis.
GHG Emissions of greenhouse gases (GHG) are calculated as emissions of CO 2 equivalents (CO 2e). CO 2e is defined as the amount of a certain GHG, expressed as the amount of CO 2 that produces the same greenhouse effect.	Share dividend yield Dividend divided by the share price.
Global Reporting Initiative (GRI) Standards GRI Sustainability Reporting Standards are the first and most widely used global standards for sustainability reporting. GRI is an independent international organisation that has been developing methods for sustainability reporting since 1997.	Share price/cash flow Share price at the reporting date divided by cash flow from operating activities.
Gross margin Operating profit/loss before depreciation/amortisation as a percentage of revenue.
Interest-bearing liabilities Current and non-current liabilities to credit institutions, provisions for pensions and items in other current liabilities that are interest-bearing.
Interest coverage ratio Profit/loss after net financial items plus finance costs as a percentage of finance costs.

Other definitioner

Activity An activity linked to movement that generates income.	Overnight stay One booked night in a cabin, apartment or hotel room.
ALF Norske Alpinanlegg og fjelldestinasjoner (Norwegian Ski Lift Association).	Skier day One day’s skiing with a SkiPass.
Booking volume A comparison of booked overnight stays between two defined periods.	SkiPass Card providing access to ski lifts.
Financial year SkiStar’s financial year covers the period 1 September-31 August. First quarter (Q1): September-November Second quarter (Q2): December-February Third quarter (Q3): March-May Fourth quarter (Q4): June-August.	SLAO Svenska Skidanläggningars Organisation (Swedish Ski Lift Organisation).
Occupancy rate Accommodation bookings as a percentage of the beds mediated by SkiStar at 100 percent capacity in the period beginning the third week in December and ending the third week in April.