Tiscali 2014 Annual Report Download - page 4
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Annual financial report as at 31 December 2014
Date
File Name
Status
Page
-
Annual Report as at 31
December 2014
4
1 Alternative performance indicators
In this report on operations, in addition to the conventional indicators envisaged by the IFRS, a
number of alternative performance indicators are present (EBITDA and Adjusted EBITDA) used by
Tiscali Group management for monitoring and assessing the operational performance of the same and
given they have not been identified as an accounting measure within the sphere of the IFRS, must not
be considered as alternative measures for the assessment of the performance of the Tiscali Group’s
result. Since the composition of the EBITDA and Adjusted EBITDA is not regulated by the reference
accounting standards, the calculation criteria applied by the Tiscali Group might not be the same as
that adopted by others and therefore may not be comparable.
The Gross Operating Result (EBITDA) and the operating result before the write-down of receivables
(Adjusted EBITDA) are economic performance indicators not defined by reference accounting
standards and are formed as indicated below:
Pre-tax result and result deriving from assets destined to be disposed of
+ Financial charges
- Financial income
+/- Income/Charges from equity investments in associated companies
Operating result
+ Restructuring costs
+ Amortisation/depreciation
+/- Atypical income/charges
Gross Operating Result (EBITDA)
+ Write-downs of receivables from customers
Gross Operating Result (Adjusted EBITDA)