| CAPITAL STRUCTURE RATIOS ZARA | 31/01/2017 | 31/01/2018 | 31/01/2019 | 31/01/2020 |
| EQUITY TO TOTAL LIABILITIES RATIO | 0.85 | 0.76 | 0.84 | 0.87 |
| EQUITY TO TOTAL ASSETS RATIO | 45.9% | 43.4% | 45.9% | 47.8% |
| EQUITY TO FIXED ASSETS RATIO | 77.8% | 85.2% | 98.3% | 97.6% |