Glossary and APM's

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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 non‐recurring transactions; is used to reflect the 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 non‐recurring transactions; 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 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 non‐recurring transactions; is used to reflect the 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
  • ROCE (Return on capital employed)
    REBIT / (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

Contact

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

+32 9 241 00 00