To calculate the FFO (Funds From Operations) to Net Debt ratio for the year 2022, we first extract the necessary data from the provided financial information: **1. Calculate Funds From Operations (FFO)** FFO is typically calculated as Net Income (Profit/Loss) plus non-cash expenses like Depreciation and Amortisation. * Profit Loss (2022): 111,771,000 EUR * Depreciation And Amortisation Expense (2022): 249,276,000 EUR * **FFO** = 111,771,000 EUR + 249,276,000 EUR = 361,047,000 EUR **2. Calculate Net Debt** Net Debt is the total of all short-term and long-term borrowings minus cash and cash equivalents at the end of the year (2023-01-01). * Long-term Borrowings: 1,695,362,000 EUR * Current Borrowings And Current Portion Of Noncurrent Borrowings: 638,944,000 EUR * Cash And Cash Equivalents: 365,292,000 EUR * **Total Borrowings** = 1,695,362,000 EUR + 638,944,000 EUR = 2,334,306,000 EUR * **Net Debt** = 2,334,306,000 EUR - 365,292,000 EUR = 1,969,014,000 EUR **3. Calculate FFO / Net Debt Ratio** * **FFO / Net Debt** = 361,047,000 EUR / 1,969,014,000 EUR ≈ 0.1834 0.1834