Ubisoft 2014 Annual Report Download - page 6

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MANAGEMENT
REPORT
Group Management considers that “Non-IFRS operating income/(loss)” and “Non-IFRS net income/(loss)” – which are
measures that are not prepared strictly in accordance with IFRS – are relevant indicators of the Group’s operating and financial
performance. Management uses them to run the Group’s business as they are the best reflection of its recurring performance
and exclude the majority of non-operating and non-recurring items. “Non-IFRS operating income/(loss)”, “Non-IFRS net
income/(loss)” and “Non-IFRS earnings/(loss) per share” are comparable to the following three previously-used indicators:
“Current operating income/(loss) before stock-based compensation”, “Net income/(loss) before non-recurring items and stock-
based compensation” and “Earnings/(loss) per share before non-recurring items and stock-based compensation”. A
reconciliation between the IFRS and non-IFRS measures is provided in the appendices to the annual earnings release
published on May 15th, 2014.