From a long-term perspective the objective of F-Secure's capital management is to achieve an efficient capital structure that ensures the functioning of business operations and promotes the increase of shareholder value.
At the end of year 2011 F-Secure equity ratio was 68% and gearing ratio was 47% negative. The market value of the liquid assets of F-Secure on December 31, 2011 was 28.1 million (32.8m).
More about F-Secure's capital structure.
Another aspect of capital management in F-Secure is a share buy-back program. The program is based on the authorization of the Annual General Meeting.
These own shares are purchased in order to improve the Company's financial structure, to be used as a part of the intensive compensation plan, or to be used for the purpose for making acquisitions or implementing other arrangements related to the Company's business, or otherwise assigning or cancelling the shares.
Read more about the F-Secure share buy-back program.