Question introductive<p>A decomposition of ROE for Integra SA is as follows:</p> <table style="width:90%;text-align:center"> <caption>Exhibit 1: Integra SA ROE</caption> <tr><th class="left"></th><th>FY12</th><th>FY11</th></tr> <tr><td class="left">ROE</td><td>18.90%</td><td>18.90%</td></tr> <tr><td class="left">Tax burden</td><td>0.70</td><td>0.75</td></tr> <tr><td class="left">Interest burden</td><td>0.90</td><td>0.90</td></tr> <tr><td class="left">EBIT margin</td><td>10.00% </td><td>10.00% </td></tr> <tr><td class="left">Asset turnover </td><td>1.50</td><td>1.40</td></tr> <tr><td class="left">Leverage</td><td>2.00</td><td>2.00</td></tr> </table>

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