UNBOUNCE - EXAMPLE PAGE-REPORT-ENTERPRISE DOCUMENT-KINGSPAN - Flipbook - Page 181
ALTERNATIVE PERFORMANCE MEASURES
Financial Statements Reference
Net Debt
EBITDA (adjusted for the impact of IFRS 16)
Note 17
Net Debt : EBITDA times
2021
€m
2020
€m
756.1
854.6
236.2
596.5
0.88
0.40
Net interest
The Group defines net interest as the net total of finance expense and finance income as presented in the Consolidated Income
Statement. The impact of IFRS 16 is excluded from the calculation which is consistent with the terms and conditions of the covenants as
set out in the Group’s external borrowing arrangements.
Financial Statements Reference
Finance expense
Finance income
Less lease interest (IFRS 16)
Net Interest
Note 4
Note 4
Note 4
2021
€m
2020
€m
36.3
(3.7)
32.6
26.1
(1.1)
(3.6)
21.4
Working capital
Working capital represents the net total of inventories, trade and other receivables and trade and other payables, net of transactional
foreign currency derivatives excluded from net debt.
Financial Statements Reference
Trade and other receivables
Inventories
Trade and other payables
Foreign currency derivatives
excluded from net debt
Note 14
Note 13
Note 15
Note 19
2021
€m
1,228.4
1,138.9
(1,389.8)
0.3
977.8
Working capital
2020
€m
799.6
505.9
(854.5)
(0.2)
450.8
Working capital ratio
Measures working capital as a percentage of October to December turnover annualised. The annualisation of turnover reflects the current
profile of the Group rather than a partial reflection of any acquisitions completed during the period.
Financial Statements Reference
Working capital
October - December turnover annualised
Working Capital ratio
Kingspan Group plc Annual Report & Financial Statements 2021
2021
€m
2020
€m
977.8
7,070.0
450.8
5,151.2
13.8%
8.8%
Financial Statements
