Glossary and APM's

Kinepolis background image

The glossary below also contains Alternative Performance Measures (APM's) that are aimed to improve the transparency of financial Information.

  • Gross profit
    Revenue – Cost of sales
  • Operating profit (EBIT)
    Gross profit – marketing and selling expenses ‐ administrative expenses + other operating income ‐ other operating expenses
  • Adjusted operating profit
    Recurring operating profit (REBIT) (name till 2018 included)

    Operating profit after eliminating adjustments; is used to reflect operating profit from normal operating activities
  • EBITDA
    Operating profit + depreciations + amortizations + impairments + movements in provisions
  • Adjusted EBITDA
    Recurring EBITDA (REBITDA) (name till 2018 included)

    EBITDA after eliminating adjustments; is used to reflect EBITDA from normal operating activities
  • EBITDAR (name till 2018 included - no longer applicable after 01/01/2019 due to new lease standard IFRS 16)
    EBITDA after eliminating rental costs related to complexes; improves the comparability of results before and after the acquisition of Canadian activities
  • REBITDAR (name till 2018 included - no longer applicable after 01/01/2019 due to new lease standard IFRS 16)
    REBITDA after eliminating rental costs related to complexes; improves the comparability of results before and after the acquisition of Canadian activities
  • Adjustments
    Non‐recurring transactions (name till 2018 included)

    This category includes primarily results from the disposal of fixed assets, impairment losses on assets, provisions, costs from restructuring and takeovers and other exceptional income and expenses.
  • Rental costs related to complexes
    Rental cost of the cinema complex
  • Financial result
    Finance income ‐ finance expenses
  • Effective tax rate
    Income tax expense / profit before tax
  • Adjusted profit
    Recurring profit (name till 2018 included)

    Profit for the period after eliminating adjustments; is used to reflect profit from normal operating activities
  • Profit for the period, share of the Group
    Profit attributable to equity holders of the Company
  • Basic earnings per share
    Profit for the period, share of the Group / (average number of outstanding shares – average number of treasury shares)
  • Diluted earnings per share
    Profit for the period, share of the Group / (average of number of outstanding shares – average number of treasury shares + number of possible new shares that must be issued under the existing share option plans x dilution effect of the share option plans)
  • Dividend
    Payment of the profit of a company to its shareholders
  • Pay‐out ratio
    The pay‐out ratio indicates which part of the net profit is being paid to the shareholders
  • Capital expenditure
    Capitalized investments in intangible assets, property, plant and equipment and investment property
  • Gross financial debt
    Financial liabilities on the long and short term
  • Net financial debt
    Financial debt after deduction of cash and cash equivalents and tax shelter investments
  • Net financial debt excl. lease liabilities
    Financial debt exclusive lease liabilities after deduction of cash and cash equivalents and tax shelter investments
  • ROCE (Return on capital employed)
    Adjusted EBIT / (average non‐current assets – average deferred tax assets + average assets held for sale + average trade receivables + average inventory – average trade payables)
  • Current Ratio
    Current assets / current liabilities
  • Free cash flow
    Cash flow from operating activities – maintenance capital expenditures for intangible assets, property, plant and equipment and investment property – interest paid
  • Excluding IFRS 16
    The figures in the current period, applying the new lease standard IFRS 16, have been recalculated according to the former lease standard IAS 17 to make the comparability between the figures of both reporting periods more transparent.

Contact

Kinepolis Group NV
Schelde 1
Moutstraat 132-146
B-9000 Gent

+32 9 241 00 00