UNBOUNCE - EXAMPLE PAGE-REPORT-ENTERPRISE DOCUMENT-KINGSPAN - Flipbook - Page 179
Other Information
ALTERNATIVE PERFORMANCE MEASURES
The Group uses a number of metrics, which are non-IFRS measures, to monitor the performance of its operations.
The Group believes that these metrics assist investors in evaluating the performance of the underlying business. Given that these metrics
are regularly used by management, they also give the investor an insight into how Group management review and monitor the business
on an ongoing basis.
The principal APMs used by the Group are defined as follows:
Trading profit
This comprises the operating profit as reported in the Consolidated Income Statement before intangible asset amortisation and non
trading items. This equates to the Earnings Before Interest, Tax and Amortisation (“EBITA”) of the Group. Trading profit is used by
management as it excludes items which may hinder year on year comparisons.
Financial Statements Reference
Trading profit
Consolidated Income Statement
2021
€m
2020
€m
754.8
508.2
2021
€m
2020
€m
754.8
6,497.0
11.6%
508.2
4,576.0
11.1%
Trading margin
Measures the trading profit as a percentage of revenue.
Financial Statements Reference
Trading Profit
Total Group Revenue
Trading margin
Consolidated Income Statement
Consolidated Income Statement
EBITDA
The Group has updated its definition of EBITDA as earnings before finance expenses, income taxes, depreciation and amortisation. In
prior years the definition of EBITDA excluded the impact of IFRS 16 Leases, however as IFRS 16 Leases has been firmly embedded as an
accounting standard for the last number of years, the Group determined that the associated definition of EBITDA was more appropriate
going forward.
Financial Statements Reference
Trading Profit
Depreciation
Consolidated Income Statement
Consolidated Statement of Cash Flows
EBITDA*
2021
€m
2020
€m
754.8
138.4
508.2
122.0
893.2
630.2
*Prior Year has been re-presented to include the impact of IFRS 16.
Kingspan Group plc Annual Report & Financial Statements 2021
Financial Statements
