LensCrafters 2013 Annual Report Download - page 37

32
Non-IAS/IFRS Measure: EBITDA and EBITDA margin
Millions of Euro
4
Q 2012
4
Q 2013
FY 2012
FY 201
3
Net income/(loss)
74.9 25.9 534.4 544.7
(+)
Net income attributable to non-controlling interest
0.5
0
.4
4.2
4.2
(+)
Provision for income taxes
54.9 113.6 305.9 407.5
(+)
Other (income)/expense
30.7
24.2
125.7
99.3
(+)
Depreciation and amortization
94.4
92.3
358.3
366.6
(+)
EBITDA
255.5 256.4 1,328.4 1,422.3
(=)
Net sales
1,632.3 1,645.9 7,086.1 7,312.6
(/)
EBITDA margin
15.7% 15.6% 18.7% 19.5%
(=)
Non-IAS/IFRS Measure: Adjusted EBITDA and Adjusted EBITDA margin
Millions of Euro
4Q 2012
(1)
4Q 2013
(2)
FY 2012
(1)(3)
FY 2013
(2)(4)
Adjusted net income/(loss)
84
.9
92
.6
559.6
617
.
3
(+)
Net income attributable to non-controlling
interest
0.5 0.4 4.2 4.2
(+)
Adjusted provision for income taxes
44.9 46.9 302.4 343.9
(+)
Other (income)/expense
30.7
24.2
125.7
99.3
(+)
Depreciation and amortization
94
.
4
9
2
.
3
358.3
366
.6
(+)
Adjusted EBITDA
255.5 256.4 1,350.1 1,431.3
(=)
Net sales
1,632.3 1,645.9 7,086.1 7,312.6
(/)
Adjusted EBITDA margin
15.7% 15.6% 19.1% 19.6%
(=)
The adjusted figures exclude the following:
(1)
non-recurring accrual for the tax audit relating to Luxottica S.r.l. (fiscal year 2007) of approximately
Euro 10 million.
(2)
(a) non-recurring tax expense for the tax audit relating to Luxottica S.r.l. (fiscal year 2007) of
approximately Euro 27 million;
(b) non-recurring tax expense for the tax audit relating to Luxottica S.r.l. (fiscal year subsequent to 2007) of
approximately Euro 40 million;
(3)
non-recurring OPSM reorganization costs with an approximately Euro 22 million impact on operating
income and an approximately Euro 15 milion adjustment to net income; and