Definition of alternative performance indicators
In line with Recommendation CESR/05-178b, the content and meaning of the non-GAAP measures of performance and other alternative performance indicators used in these financial statements are illustrated below:
- for the ACEA Group the gross operating profit is an operating performance indicator, the sum of Operating profit and "Amortisation, depreciation, provisions and impairment charges";
- the net financial position is an indicator of the ACEA Group’s financial structure, the sum of non-current borrowings and financial liabilities net of non-current financial assets (loans and receivables and securities other than equity investments), current borrowings and other current liabilities net of current financial assets, cash and cash equivalents;
- net invested capital is the sum of “Current assets”, “Non-current assets” and assets and liabilities held for sale, minus “Current liabilities” and “Non-current liabilities”, excluding items taken into account in calculating the net financial position.