Definitions / Alternative Performance Measures
Alternative Performance Measures are used to provide the users of this report with more consistent measurement of operating performance and other relevant key performance indicators frequently used by stakeholders.
| Key firgures | Definition | |
|---|---|---|
| EBITDA | Operating profit/loss + depreciation + write downs | |
| Adjusted operating profit | Operating profit adjusted for special items to better reflect a more normalised operating profit and value creation | |
| Liquidity reserve | Bank deposits (ex. Restricted cash deposits) + unused overdraft facilties | |
| Profit margin | Profit or loss after tax divided by sales revenues | |
| Interest bearing debt | Interest bearing loans + leasing obligations + bank overdrafts | |
| Net interest bearing debt | Interest bearing loans + leasing obligations + bank overdrafts - cash and cash equivalents |