Sensitivity analysis

Effect in profit, SEK m 2012-12-31 2013-03-31 2013-06-30 2013-09-30 2013-12-31
Change in metal prices + 10%          
Copper 390 385 365 390 400
Zinc 450 420 450 445 485
Lead 85 80 85 85 90
Gold 170 180 145 150 140
Silver 140 155 115 130 140
   
Change in USD + 10%          
USD/SEK 980 990 915 930 960
EUR/USD 375 330 350 350 385
USD/NOK 75 75 85 80 85
   
Change in TC/RC + 10%          
TC/RC Copper 80 80 85 80 90
TC Zinc 45 40 45 40 40
TC Lead -5 -10 -10 -10 -10
   
The above table contains an estimate of how changes in market terms from listings on dates above, calculated on the basis of Boliden's planned production volumes, affect the Group's operating profit (EBIT) over the next twelve-month period. The sensitivity analysis does not take into account the effects of metal price hedging, currency hedging, contracted TC/RC, or revaluation of the smelters' process inventory.