Key Figures

2014 consolidated (In millions of CHF)
Sales 91 612
Trading operating profit 14 019
as % of sales 15.3%
Profit for the period attributable to shareholders of the parent
(Net profit)
14 456
as % of sales 15.8%
Equity attributable to shareholders of the parent before proposed appropriations of profit of Nestlé S.A. 70 130
Market capitalisation, end December 231 136
Operating cash flow 14 700
Free cash flow(a) 14 137
Capital expenditure 3 914
as % of sales 4.3%
Net financial debt 12 325
Ratio of net financial debt to equity (gearing) 17.6%
Per share data (CHF)
Total basic earnings per share 4.54
Underlying earnings per share(b) 3.44
Dividend as proposed by the Board of Directors of Nestlé S.A. 2.20
Stock exchange prices (high/low) 73.30 / 63.85
Yield(c) 3.0 / 3.4%

(a) Operating cash flow adjusted for capital expenditure, expenditure on intangible assets, investments (net of disinvestments) in associates and joint ventures, inflows from other investing activities and outflows from other investing activities.

(b) Profit per share for the year attributable to shareholders of the parent before impairments, restructuring costs, results on disposals and significant one-off items. The tax impact from the adjusted items is also adjusted for.

(c) Calculated on the basis of the dividend for the year concerned, which is paid in the following year, and on high/low stock prices.