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Non-GAAP measures

The financial information in this report includes measures, which are not defined by generally accepted accounting principles (GAAP) such as IFRS. We believe this information, along with comparable GAAP measurements, gives insight to investors because it provides a basis for evaluating our operational performance. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with GAAP. Wherever appropriate and practical, we provide reconciliations to relevant GAAP measures.


Table_84 Non-GAAP measures

Term Definition
Gross margin Gross result divided by revenue
EBIT Earnings Before Interest and Taxes (Operating result)
EBIT margin EBIT divided by revenue
EBITDA EBIT plus Depreciation and Amortisation charges
EBITDA margin EBITDA divided by revenue
Adjusted net result Net result attributed to equity holders adjusted for acquisition-related expenses and gains on a post-tax basis (refer to note 25)
Adjusted EPS Adjusted net result divided by the weighted average number of diluted shares over the period
Net cash Cash and cash equivalents minus the nominal value of our outstanding borrowings