Annual Report 2007.pdf (6 mb) Note: Except for the key figures derived from the consolidated financial statements on pages 91-151 of this report, the key figures above are not measures of financial performance under Danish GAAP or IFRS. ISS includes these financial measures because it believes that they are appropriate measures of ISS’s financial performance. Other companies, including those in ISS’s industry, may calculate similarly titled financial measures differently. The applied accounting policies are described in note 1, Significant accounting policies in the onsolidated financial statements. 1) See definitions. 2) Adjusted EBITDA, as calculated by the Group, represents Operating profit before other items plus Depreciation and amortisation. By using Operating profit before other items as a starting point for the calculation of adjusted EBITDA instead of Operating profit, the Group excludes from the calculation of adjusted EBITDA integration costs relating to acquisitions and those items recorded under Other income and expenses, net, in which the Group includes income and expenses that it believes do not form part of the Group’s normal ordinary operations, such as gains and losses arising from divestments, the winding up of operations, disposals of property, restructuring and certain acquisition related costs. Some of the items that the Group records under the line item Other income and expenses, net, are recurring and some are non-recurring in nature. 3) Excluding Goodwill impairment and write-down and Amortisation of brands and customer contracts. 4) Including minority interests. 5) In 2007, the definition of cash conversion has been aligned with the operational definition of cash conversion used by the Group. The comparative figures have been restated accordingly. 6) The Pro Forma adjusted financial information is for informational purposes only. See page 170 for further information on Other Financial Measures. |