Glossary and APM's
The glossary below also contains Alternative Performance Measures (APMs) that are aimed to improve the transparency of financial information.
- Gross result
Revenue – Cost of sales - Operating result (EBIT)
Gross result – marketing and selling expenses ‐ administrative expenses + other operating income ‐ other operating expenses - Adjusted operating result
Operating result after eliminating adjustments; is used to reflect the operating result from normal operating activities - EBIT
Earnings before tax
- EBITDA
Operating result + depreciations + amortisations + impairments + movements in provisions
- EBITDAL
EBITDA less costs related to lease contracts (excl. rent abatements and common charges)
- Adjusted EBITDA
EBITDA after eliminating adjustments; is used to reflect the EBITDA from normal operating activities
- Adjustments
This category primarily includes results from the disposal of fixed assets, impairment losses on assets, provisions, costs from restructuring and acquisitions and other exceptional income and expenses. - Financial result
Financial income ‐ financial expenses - Effective tax rate
Income tax expense / profit before tax - Adjusted result
Result for the period after eliminating adjustments; is used to reflect the result from normal operating activities - Result for the period, share of the Group
Result attributable to equity holders of the Company - Basic result per share
Result for the period, share of the Group / (average number of outstanding shares – average number of treasury shares) - Diluted result per share
Result for the period, share of the Group / (average 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 result of a company to its shareholders - Pay-out ratio
The pay-out ratio indicates which part of the net result is being paid to the shareholders - Capital expenditure
Capitalised investments in intangible assets, property, plant and equipment and investment property
- Maintenance
- Digital equipment
- Remodeling
- Expansion - Gross financial debt
Non-current and current financial liabilities - Net financial debt
Financial debt after deduction of cash and cash equivalents and tax shelter investments - Net financial debt excl. lease liabilities
Financial debt excluding 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
Definitions that are no longer used
- Recurring operating result (REBIT)
Operating result after eliminating adjustments; is used to reflect the operating result from normal operating activities - Recurring EBITDA (REBITDA)
EBITDA after eliminating adjustments; is used to reflect the EBITDA from normal operating activities - EBITDAR
EBITDA after eliminating rental costs related to complexes; improves the comparability of results before and after the acquisition of Canadian activities - REBITDAR
REBITDA after eliminating rental costs related to complexes; improves the comparability of results before and after the acquisition of Canadian activities - Non‐recurring transactions
This category primarily includes results from the disposal of fixed assets, impairment losses on assets, provisions, costs from restructuring and acquisitions and other exceptional income and expenses - Rental costs related to complexes
Rental cost of the cinema complex - Recurring result
Result for the period after eliminating adjustments; is used to reflect the result from normal operating activities
- Excluding IFRS 16
The figures, 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 previous reporting periods more transparent.