- Markit reported second quarter 2014 financial results, with revenue increasing 11% year-over-year to a record $264.6 million, driven by growth in all three business segments.
- Adjusted EBITDA grew 7.7% to $120 million, with an adjusted EBITDA margin of 45.4%.
- Recurring revenue was 94.7% of total revenue and recurring fixed revenue increased to 50.8% of total revenue.
The document summarizes accounting principles used in preparing consolidated financial statements for Koninklijke Philips Electronics N.V. including:
- Using historical cost and Dutch GAAP. Consolidation includes majority owned companies and minority interests are disclosed.
- Foreign operations are translated to the reporting currency. Derivatives are used to manage currency risks and measured at fair value.
- Revenues are recognized upon delivery, provision for estimated losses, and royalties on accrual basis. Expenses use accrual basis. Income taxes use deferred tax assets/liabilities.
Taxmann's Indian Accounting Standards (Ind AS)Taxmann
Indian Accounting Standards (Ind AS) contains the updated Indian Accounting Standards issued under the Companies (Indian Accounting Standard) Rules, 2021.
It provides a complete understanding of the definitions, entities liable to apply Ind AS, and exemptions.
The Present Publication is the 2nd Edition, authored by Taxmann’s Editorial Board, updated till 30th June 2021, with the following noteworthy features:
• [Text of Indian Accounting Standard (Ind AS)] notified under Companies (Indian Accounting Standard) Rules, 2021;
• [Guide for Definitions] in Indian Accounting Standards
• [Guide on Applicability] of Indian Accounting Standards
• [Guide on Obligations to Comply with] in Indian Accounting Standards
• [Guide on Exemptions/Relaxations] in Indian Accounting Standards
The contents of the book are as follows:
• Arrangement of Rules
◦ Short Title and Commencement
◦ Definitions
◦ Applicability of Accounting Standards
◦ Obligation to Comply with Indian Accounting Standards (Ind AS)
◦ Exemptions
• General Instructions
• Indian Accounting Standards (Ind AS)
The document provides an overview of Ind-AS 108 on operating segments. It discusses key aspects such as identifying the chief operating decision maker (CODM), operating segments, determining reportable segments, and required disclosures. The core principle is that an entity must disclose information to enable users to evaluate the nature and financial effects of its business activities and economic environment. It outlines the application process including identifying the CODM and operating segments, applying quantitative thresholds to determine reportable segments, and required disclosures on segments, products/services, geographical information, and major customers.
ECA Alert - IND AS 1 Presentation of Financial StatementsAkash Gupta
The document summarizes the key requirements of IND AS 1 Presentation of Financial Statements. It discusses the overall considerations like true and fair view, going concern, accrual basis of accounting, consistency, materiality and offsetting. It also describes the components of financial statements like balance sheet, statement of profit and loss, statement of changes in equity, statement of cash flows and notes. Further, it provides the structure and content requirements for identification, presentation of items in the balance sheet, statement of profit and loss, statement of changes in equity, notes and reporting period.
This is 2nd part of IND AS 101 PPT.
I already shared Part 1 few days ago.
In Part 1 full map of IND 101 was there while in Part 2 the portion of Exemptions & Prohibitions on retrospective applications of some aspects of IND Ass has been summarised.
This is most useful for the quick view of practical applicability of IND AS 101.
Thanks!!
Chitranshu Rahul Srivastava
CA, IFRS
IND AS 12 provides guidance on accounting for income taxes based on a balance sheet approach, recognizing deferred tax assets and liabilities for temporary differences between the carrying amounts of assets and liabilities and their tax bases. Deferred tax assets are recognized when it is probable that taxable profit will be available against which deductible temporary differences can be utilized. Current and deferred tax are recognized as income or expense in profit or loss, except for taxes related to transactions in other comprehensive income or equity.
This document summarizes Accounting Standards 1-15 presented by Dr. Rana Singh. It discusses the key aspects of each standard including disclosure of accounting policies, valuation of inventories, cash flow reporting, contingencies, revenue recognition, depreciation accounting, construction contracts, research and development, and accounting for changes in policies. It also provides examples of how some large Indian companies apply the standards in their financial reporting and accounting policies.
The document summarizes accounting principles used in preparing consolidated financial statements for Koninklijke Philips Electronics N.V. including:
- Using historical cost and Dutch GAAP. Consolidation includes majority owned companies and minority interests are disclosed.
- Foreign operations are translated to the reporting currency. Derivatives are used to manage currency risks and measured at fair value.
- Revenues are recognized upon delivery, provision for estimated losses, and royalties on accrual basis. Expenses use accrual basis. Income taxes use deferred tax assets/liabilities.
Taxmann's Indian Accounting Standards (Ind AS)Taxmann
Indian Accounting Standards (Ind AS) contains the updated Indian Accounting Standards issued under the Companies (Indian Accounting Standard) Rules, 2021.
It provides a complete understanding of the definitions, entities liable to apply Ind AS, and exemptions.
The Present Publication is the 2nd Edition, authored by Taxmann’s Editorial Board, updated till 30th June 2021, with the following noteworthy features:
• [Text of Indian Accounting Standard (Ind AS)] notified under Companies (Indian Accounting Standard) Rules, 2021;
• [Guide for Definitions] in Indian Accounting Standards
• [Guide on Applicability] of Indian Accounting Standards
• [Guide on Obligations to Comply with] in Indian Accounting Standards
• [Guide on Exemptions/Relaxations] in Indian Accounting Standards
The contents of the book are as follows:
• Arrangement of Rules
◦ Short Title and Commencement
◦ Definitions
◦ Applicability of Accounting Standards
◦ Obligation to Comply with Indian Accounting Standards (Ind AS)
◦ Exemptions
• General Instructions
• Indian Accounting Standards (Ind AS)
The document provides an overview of Ind-AS 108 on operating segments. It discusses key aspects such as identifying the chief operating decision maker (CODM), operating segments, determining reportable segments, and required disclosures. The core principle is that an entity must disclose information to enable users to evaluate the nature and financial effects of its business activities and economic environment. It outlines the application process including identifying the CODM and operating segments, applying quantitative thresholds to determine reportable segments, and required disclosures on segments, products/services, geographical information, and major customers.
ECA Alert - IND AS 1 Presentation of Financial StatementsAkash Gupta
The document summarizes the key requirements of IND AS 1 Presentation of Financial Statements. It discusses the overall considerations like true and fair view, going concern, accrual basis of accounting, consistency, materiality and offsetting. It also describes the components of financial statements like balance sheet, statement of profit and loss, statement of changes in equity, statement of cash flows and notes. Further, it provides the structure and content requirements for identification, presentation of items in the balance sheet, statement of profit and loss, statement of changes in equity, notes and reporting period.
This is 2nd part of IND AS 101 PPT.
I already shared Part 1 few days ago.
In Part 1 full map of IND 101 was there while in Part 2 the portion of Exemptions & Prohibitions on retrospective applications of some aspects of IND Ass has been summarised.
This is most useful for the quick view of practical applicability of IND AS 101.
Thanks!!
Chitranshu Rahul Srivastava
CA, IFRS
IND AS 12 provides guidance on accounting for income taxes based on a balance sheet approach, recognizing deferred tax assets and liabilities for temporary differences between the carrying amounts of assets and liabilities and their tax bases. Deferred tax assets are recognized when it is probable that taxable profit will be available against which deductible temporary differences can be utilized. Current and deferred tax are recognized as income or expense in profit or loss, except for taxes related to transactions in other comprehensive income or equity.
This document summarizes Accounting Standards 1-15 presented by Dr. Rana Singh. It discusses the key aspects of each standard including disclosure of accounting policies, valuation of inventories, cash flow reporting, contingencies, revenue recognition, depreciation accounting, construction contracts, research and development, and accounting for changes in policies. It also provides examples of how some large Indian companies apply the standards in their financial reporting and accounting policies.
The document provides a summary of key aspects of various Indian Accounting Standards (Ind AS). It discusses the objectives, requirements and differences compared to previous Indian GAAP/ IFRS of various Ind AS like Ind AS 1 on presentation of financial statements, Ind AS 2 on inventories, Ind AS 7 on statement of cash flows, Ind AS 8 on accounting policies etc. For each Ind AS, it highlights important principles, disclosure requirements, and carve outs or differences between Ind AS and corresponding IFRS.
This document is the International Accounting Standard 19 on Employee Benefits issued by the International Accounting Standards Board (IASB). It outlines the accounting requirements for four categories of employee benefits: short-term benefits, post-employment benefits, other long-term benefits, and termination benefits. It distinguishes between defined contribution plans and defined benefit plans for post-employment benefits and provides specific guidance on classification and accounting for these plans.
The document summarizes key changes and amendments related to the Companies Act 2013 between March and April 2021. Some important changes include amendments to Schedule III regarding additional disclosures for borrowings, investments, loans to related parties, crypto currency transactions etc. The Companies (Audit and Auditors) Amendment Rules 2021 require auditors to check for audit trails in accounting software. The CSR rules were also amended to allow research on COVID-19 vaccines as CSR spend and to define implementing agencies for CSR activities.
AS vs IND AS (Old vs New Indian Accounting Standards)sandesh mundra
This presentation takes one through the differences between Indian GAAP (old) vs IND AS (based on IFRS). All major differences have been covered in addition to IFRS carve outs.
The document summarizes the key principles of IFRS 8 Operating Segments. It discusses how an entity is required to disclose segment information to enable users to evaluate the nature and financial effects of its business activities and economic environment. It outlines how operating segments and reportable segments are determined, including aggregation criteria and quantitative thresholds. It also describes the various disclosure requirements under IFRS 8 relating to general segment information, revenues, profits/losses, assets/liabilities, and reconciliation of segment information to entity-wide amounts.
The document discusses the impact of adopting Indian Accounting Standards (Ind AS) for automobile companies. It covers key areas like revenue recognition, provisions, hedging, securitizations, deferred tax, embedded derivatives, product development costs, and property, plant and equipment. The overview section explains the transition process to Ind AS, including the requirement for an explicit compliance statement, accounting policy choices, and preparation of an opening Ind AS balance sheet. It also discusses exemptions available, such as the use of deemed cost for property valuations and relief from restating cumulative translation differences.
IAS1 INTERNATIONAL ACCOUNTING STANDARD Presentation of Financial Statement un...Shuaib Adebayo
This document outlines a presentation on the presentation of financial statements. It discusses key topics like the qualitative characteristics of financial statements, components and elements of financial statements, recognition of elements, description of different financial statements, periods covered, approval process, disclosure requirements, and examples of statements prepared under IFRS like the statement of financial position, income statement, statement of changes in equity, and cash flow statement. The presentation also provides definitions and recognition criteria for assets, liabilities, income, and expenses.
Markit Investor Presentation - September 2015InvestorMarkit
The investor presentation summarizes Markit's business and financial performance. It provides an overview of Markit's three divisions: Information, Processing, and Solutions. The Information division provides pricing and reference data, indices, and valuation services. The Processing division offers trade processing solutions for OTC derivatives, FX, and syndicated loans. The Solutions division provides enterprise software and managed services. Financial highlights include 2014 revenue of $1.1 billion and adjusted EBITDA of $488 million across the three divisions. Acquisitions are an important part of Markit's growth strategy to expand its product and service offerings.
The document provides an overview of Ind-AS 1/IAS 1 on the presentation of financial statements. It discusses the history and development of international accounting standards, with IASB forming in 1973 and over 130 countries agreeing to a common set of standards. The key requirements of IAS 1 are explained, including fair presentation, compliance with IFRS, going concern, materiality and components of financial statements such as the statement of financial position, statement of comprehensive income, statement of changes in equity, and notes. Current/non-current classification and disclosure requirements are also summarized.
Amendments to Schedule III to the Companies Act, 2013Taxmann
With the coming financial year 2021-22, the companies and auditors have to deal with tons of new disclosure requirements while preparing and presenting financial statements and audit reports. There has been a wide range of implications on financial reporting that should be considered while preparing the financial Statements and one among these covers the recent amendments in Schedule III to the Companies Act, 2013. Let’s hear expert’s opinion on the changes and its nearest impact on the companies and the auditors.
This document provides biographical and professional information about Rammohan N Bhave, the managing director of ConsultIFRS.com. It outlines his educational qualifications and professional experience working for 28 years in industry. It then summarizes the services offered by ConsultIFRS.com, including first time adoption of IFRS and Ind AS, ongoing compliance, valuation, consultancy, and training. Industry sectors that ConsultIFRS.com has experience implementing IFRS/Ind AS for and providing training to are also listed.
Ppt on accounting standards prepared by Prof.Satish R.TajaneDr. Satish Tajane
The document provides an overview of accounting standards in India. It discusses the key bodies that regulate accounting standards and the process for developing and prescribing standards. It then lists and briefly describes 30 Indian Accounting Standards (AS), covering their objectives and key requirements. The standards relate to areas like disclosure of accounting policies, valuation of inventories, treatment of contingencies, revenue recognition, depreciation, foreign exchange rates, investments and more.
CA Varun Sethi Ind AS 20 - Accounting for Government GrantsVarun Sethi
This document discusses IndAS 20, which provides guidance on accounting for government grants and disclosure of government assistance. It begins with definitions of key terms like government, government assistance, and government grants. It then explains the two approaches to accounting for grants - the capital approach for asset-related grants and the income approach for other grants. It provides guidance on recognition, measurement, presentation, and disclosure of government grants under the income and capital approaches in the financial statements. Specific topics covered include accounting for non-monetary grants, forgivable loans, repayment of grants and presentation in statements of profit and loss, balance sheet and cash flows.
Saudi Arabia will require all listed companies to use IFRS standards for financial reporting starting in 2017, and IFRS for SMEs for unlisted companies starting in 2018. As a member of G20, Saudi Arabia is committed to adopting high-quality, transparent global accounting standards. Making the transition to IFRS will require Saudi companies and regulators to address differences from existing practices, such as provisions for amortized cost accounting, other comprehensive income reporting, and property componentization. First-time adoption of IFRS will also be challenging and involve preparation of an opening balance sheet and reconciliation of equity.
First time adoption of IND-AS in the financial statements of the companyJaya Kapoor
- India committed to converging its accounting standards with IFRS at the 2009 G20 summit and issued a roadmap for implementing converged Indian Accounting Standards (Ind AS) starting in 2011, though implementation was suspended due to unresolved issues.
- In 2014, the Finance Minister proposed adopting Ind AS for the Union Budget to fulfill the convergence commitment.
- In 2015, the MCA notified 39 Ind AS standards and laid out a transition roadmap requiring listed and large unlisted companies to adopt Ind AS starting in 2016.
- The roadmap specifies the phase-in of Ind AS adoption and financial statement requirements for Indian companies.
The document summarizes the key differences between AS 17 and the revised IFRS 8 regarding segment reporting. IFRS 8 takes a management approach to identifying operating segments based on how management views and makes decisions about the entity. It requires public entities to disclose selected segment information in both annual and interim financial reports. IFRS 8 also provides guidelines on identifying reportable segments and disclosure requirements for segment information.
This document summarizes Microsoft's accounting policies and procedures. It discusses how the company prepares its financial statements according to generally accepted accounting principles in the US. It also describes Microsoft's policies for revenue recognition, cost of revenue, research and development costs, advertising costs, income taxes, financial instruments, and use of derivatives.
Accounting standards (India) and convergence to IFRS. By: Pankaj VasaniIMTNagpur
The document provides an overview of a presentation by CA Pankaj Vasani on accounting standards and convergence to IFRS. Some key points:
- CA Pankaj Vasani is introduced as the guest speaker, who has experience in taxes and as a faculty member at business schools.
- The presentation covers the history of accounting standards in India, the role of the Accounting Standards Board in issuing standards, and provides details on 32 accounting standards issued so far covering various topics.
- There is also a discussion on the applicability of accounting standards to companies and other entities in India, as well as the process for issuing new standards. The convergence of Indian standards to IFRS is also mentioned.
- Markit reported financial results for Q2 2015 and the first six months of 2015
- Revenue increased 3.2% in Q2 2015 and 3.9% for the first six months compared to the same periods in 2014
- Adjusted EBITDA was relatively flat in Q2 2015 but increased 2.1% for the first six months, and margins remained strong at 44.7%
- Adjusted earnings increased slightly in Q2 2015 but declined 3.0% for the first six months, while adjusted EPS declined due to an increased number of shares outstanding
Frutarom reported strong financial results for Q2 and H1 2014, with sales growing 29.3% and 26.7% respectively. The company achieved this growth through organic expansion, successful integration of recent acquisitions, and an improved product mix. Margins and profits increased for both periods due to organic growth, acquisitions, and operational efficiencies. Going forward, Frutarom plans to continue its strategy of profitable internal growth through customer focus, innovation, and strategic acquisitions.
The document provides a summary of key aspects of various Indian Accounting Standards (Ind AS). It discusses the objectives, requirements and differences compared to previous Indian GAAP/ IFRS of various Ind AS like Ind AS 1 on presentation of financial statements, Ind AS 2 on inventories, Ind AS 7 on statement of cash flows, Ind AS 8 on accounting policies etc. For each Ind AS, it highlights important principles, disclosure requirements, and carve outs or differences between Ind AS and corresponding IFRS.
This document is the International Accounting Standard 19 on Employee Benefits issued by the International Accounting Standards Board (IASB). It outlines the accounting requirements for four categories of employee benefits: short-term benefits, post-employment benefits, other long-term benefits, and termination benefits. It distinguishes between defined contribution plans and defined benefit plans for post-employment benefits and provides specific guidance on classification and accounting for these plans.
The document summarizes key changes and amendments related to the Companies Act 2013 between March and April 2021. Some important changes include amendments to Schedule III regarding additional disclosures for borrowings, investments, loans to related parties, crypto currency transactions etc. The Companies (Audit and Auditors) Amendment Rules 2021 require auditors to check for audit trails in accounting software. The CSR rules were also amended to allow research on COVID-19 vaccines as CSR spend and to define implementing agencies for CSR activities.
AS vs IND AS (Old vs New Indian Accounting Standards)sandesh mundra
This presentation takes one through the differences between Indian GAAP (old) vs IND AS (based on IFRS). All major differences have been covered in addition to IFRS carve outs.
The document summarizes the key principles of IFRS 8 Operating Segments. It discusses how an entity is required to disclose segment information to enable users to evaluate the nature and financial effects of its business activities and economic environment. It outlines how operating segments and reportable segments are determined, including aggregation criteria and quantitative thresholds. It also describes the various disclosure requirements under IFRS 8 relating to general segment information, revenues, profits/losses, assets/liabilities, and reconciliation of segment information to entity-wide amounts.
The document discusses the impact of adopting Indian Accounting Standards (Ind AS) for automobile companies. It covers key areas like revenue recognition, provisions, hedging, securitizations, deferred tax, embedded derivatives, product development costs, and property, plant and equipment. The overview section explains the transition process to Ind AS, including the requirement for an explicit compliance statement, accounting policy choices, and preparation of an opening Ind AS balance sheet. It also discusses exemptions available, such as the use of deemed cost for property valuations and relief from restating cumulative translation differences.
IAS1 INTERNATIONAL ACCOUNTING STANDARD Presentation of Financial Statement un...Shuaib Adebayo
This document outlines a presentation on the presentation of financial statements. It discusses key topics like the qualitative characteristics of financial statements, components and elements of financial statements, recognition of elements, description of different financial statements, periods covered, approval process, disclosure requirements, and examples of statements prepared under IFRS like the statement of financial position, income statement, statement of changes in equity, and cash flow statement. The presentation also provides definitions and recognition criteria for assets, liabilities, income, and expenses.
Markit Investor Presentation - September 2015InvestorMarkit
The investor presentation summarizes Markit's business and financial performance. It provides an overview of Markit's three divisions: Information, Processing, and Solutions. The Information division provides pricing and reference data, indices, and valuation services. The Processing division offers trade processing solutions for OTC derivatives, FX, and syndicated loans. The Solutions division provides enterprise software and managed services. Financial highlights include 2014 revenue of $1.1 billion and adjusted EBITDA of $488 million across the three divisions. Acquisitions are an important part of Markit's growth strategy to expand its product and service offerings.
The document provides an overview of Ind-AS 1/IAS 1 on the presentation of financial statements. It discusses the history and development of international accounting standards, with IASB forming in 1973 and over 130 countries agreeing to a common set of standards. The key requirements of IAS 1 are explained, including fair presentation, compliance with IFRS, going concern, materiality and components of financial statements such as the statement of financial position, statement of comprehensive income, statement of changes in equity, and notes. Current/non-current classification and disclosure requirements are also summarized.
Amendments to Schedule III to the Companies Act, 2013Taxmann
With the coming financial year 2021-22, the companies and auditors have to deal with tons of new disclosure requirements while preparing and presenting financial statements and audit reports. There has been a wide range of implications on financial reporting that should be considered while preparing the financial Statements and one among these covers the recent amendments in Schedule III to the Companies Act, 2013. Let’s hear expert’s opinion on the changes and its nearest impact on the companies and the auditors.
This document provides biographical and professional information about Rammohan N Bhave, the managing director of ConsultIFRS.com. It outlines his educational qualifications and professional experience working for 28 years in industry. It then summarizes the services offered by ConsultIFRS.com, including first time adoption of IFRS and Ind AS, ongoing compliance, valuation, consultancy, and training. Industry sectors that ConsultIFRS.com has experience implementing IFRS/Ind AS for and providing training to are also listed.
Ppt on accounting standards prepared by Prof.Satish R.TajaneDr. Satish Tajane
The document provides an overview of accounting standards in India. It discusses the key bodies that regulate accounting standards and the process for developing and prescribing standards. It then lists and briefly describes 30 Indian Accounting Standards (AS), covering their objectives and key requirements. The standards relate to areas like disclosure of accounting policies, valuation of inventories, treatment of contingencies, revenue recognition, depreciation, foreign exchange rates, investments and more.
CA Varun Sethi Ind AS 20 - Accounting for Government GrantsVarun Sethi
This document discusses IndAS 20, which provides guidance on accounting for government grants and disclosure of government assistance. It begins with definitions of key terms like government, government assistance, and government grants. It then explains the two approaches to accounting for grants - the capital approach for asset-related grants and the income approach for other grants. It provides guidance on recognition, measurement, presentation, and disclosure of government grants under the income and capital approaches in the financial statements. Specific topics covered include accounting for non-monetary grants, forgivable loans, repayment of grants and presentation in statements of profit and loss, balance sheet and cash flows.
Saudi Arabia will require all listed companies to use IFRS standards for financial reporting starting in 2017, and IFRS for SMEs for unlisted companies starting in 2018. As a member of G20, Saudi Arabia is committed to adopting high-quality, transparent global accounting standards. Making the transition to IFRS will require Saudi companies and regulators to address differences from existing practices, such as provisions for amortized cost accounting, other comprehensive income reporting, and property componentization. First-time adoption of IFRS will also be challenging and involve preparation of an opening balance sheet and reconciliation of equity.
First time adoption of IND-AS in the financial statements of the companyJaya Kapoor
- India committed to converging its accounting standards with IFRS at the 2009 G20 summit and issued a roadmap for implementing converged Indian Accounting Standards (Ind AS) starting in 2011, though implementation was suspended due to unresolved issues.
- In 2014, the Finance Minister proposed adopting Ind AS for the Union Budget to fulfill the convergence commitment.
- In 2015, the MCA notified 39 Ind AS standards and laid out a transition roadmap requiring listed and large unlisted companies to adopt Ind AS starting in 2016.
- The roadmap specifies the phase-in of Ind AS adoption and financial statement requirements for Indian companies.
The document summarizes the key differences between AS 17 and the revised IFRS 8 regarding segment reporting. IFRS 8 takes a management approach to identifying operating segments based on how management views and makes decisions about the entity. It requires public entities to disclose selected segment information in both annual and interim financial reports. IFRS 8 also provides guidelines on identifying reportable segments and disclosure requirements for segment information.
This document summarizes Microsoft's accounting policies and procedures. It discusses how the company prepares its financial statements according to generally accepted accounting principles in the US. It also describes Microsoft's policies for revenue recognition, cost of revenue, research and development costs, advertising costs, income taxes, financial instruments, and use of derivatives.
Accounting standards (India) and convergence to IFRS. By: Pankaj VasaniIMTNagpur
The document provides an overview of a presentation by CA Pankaj Vasani on accounting standards and convergence to IFRS. Some key points:
- CA Pankaj Vasani is introduced as the guest speaker, who has experience in taxes and as a faculty member at business schools.
- The presentation covers the history of accounting standards in India, the role of the Accounting Standards Board in issuing standards, and provides details on 32 accounting standards issued so far covering various topics.
- There is also a discussion on the applicability of accounting standards to companies and other entities in India, as well as the process for issuing new standards. The convergence of Indian standards to IFRS is also mentioned.
- Markit reported financial results for Q2 2015 and the first six months of 2015
- Revenue increased 3.2% in Q2 2015 and 3.9% for the first six months compared to the same periods in 2014
- Adjusted EBITDA was relatively flat in Q2 2015 but increased 2.1% for the first six months, and margins remained strong at 44.7%
- Adjusted earnings increased slightly in Q2 2015 but declined 3.0% for the first six months, while adjusted EPS declined due to an increased number of shares outstanding
Frutarom reported strong financial results for Q2 and H1 2014, with sales growing 29.3% and 26.7% respectively. The company achieved this growth through organic expansion, successful integration of recent acquisitions, and an improved product mix. Margins and profits increased for both periods due to organic growth, acquisitions, and operational efficiencies. Going forward, Frutarom plans to continue its strategy of profitable internal growth through customer focus, innovation, and strategic acquisitions.
Slides for a workshop I teach on the expert use of PowerPoint. Covers:
Slide Master -- Use to create custom themes and templates
Text -- How to make your content legible and fun/pretty
Images -- Simple formatting and effects
Autoshapes -- Get creative and make your own design elements and clipart
Animations -- My personal passion. Used effectively, animations can help the audience understand a complex topic, or add visual interest (think motion graphics)
Action buttons -- If your presentation will be distributed to individuals rather than presented, use buttons to give them control over navigation and provide interactivity
Past attendees of the 2 hour workshop sing its praises and were excited by the fun and approachable material.
See more of my portfolio at tmjbeary.com
Digital Health Funding 2014 Midyear Report by @Rock_HealthRock Health
A summary of the companies, investors and themes that drove digital health funding to a record $2.3B only halfway through 2014, exceeding the entire 2013 total. Includes details on crowdfunding, exits, and digital health in the public markets, encompassing our new index of publicly-traded digital health companies. Purchase this report here: https://gumroad.com/l/WURST
Updated on July 21, 2014 to reflect final Q2 data on venture funding and deals.
THANATOS Digital Agency was founded by digital art directors Dario Moriconi and Roberto Savino after several work experiences.
Their vision was to create a place where the client is put into direct contact with creatives who will realize its project, whether from inside or external to the agency.
See the Italian version: http://www.slideshare.net/thanatosdigital/thanatos-digital-agency-company-profile-ita
The document summarizes the services offered by LEAP, a creative agency based in Jakarta and Hong Kong. LEAP provides design, publishing, and interactive services including branding, publications, websites, and custom content management systems. They work with clients across various industries from finance to fitness. The document highlights sample projects in design, publishing, and interactive media to showcase LEAP's work.
- First quarter 2015 financial results showed solid performance with revenue increasing 8.2% on a constant currency basis and organic revenue growth of 6.1%. Adjusted EBITDA grew 3.4% and the adjusted EBITDA margin was maintained at 44.8%.
- Information segment organic revenue grew 6.3% driven by new business wins. Solutions segment organic revenue grew 14.4% due to growth in managed services and enterprise software. Processing segment organic revenue declined 2.4%.
- The company continues to maintain a strong balance sheet and reduced net debt by 28.3% through strong operating cash flow and cash inflows from option exercises.
- Markit reported financial results for Q4 and full year 2015. Revenue grew 7.4% in Q4 and 4.5% for the full year. Adjusted EBITDA grew 5.7% in Q4 and 1.8% for the full year.
- Recurring fixed revenue grew 16% in Q4 primarily due to acquisitions and new business wins in the Information and Solutions divisions. Recurring variable revenue decreased driven by lower volumes in Processing.
- Operating expenses increased 11.6% in Q4 primarily due to acquisitions and continued investment in new product development. Exceptional items decreased significantly year-over-year.
- The Information division grew revenue 6.
- Markit reported strong financial results for Q3 2014, with revenue increasing 13.1% to a quarterly record of $269.7 million, driven by growth in all three business segments.
- Recurring revenue was 94.9% of total revenue, and recurring fixed revenue increased to 53.6% from 50.8% in Q3 2013. Adjusted EBITDA grew 14.5% to $126.8 million.
- The company saw organic growth across all segments, with Information growing 6.8% and Processing growing 12.5% due to increased trading volumes. Solutions achieved 26.2% growth driven by demand for its major products.
Markit reported financial results for Q4 and full year 2014 with revenue increasing 11.3% and 12.4%, respectively. Adjusted EBITDA grew 15% in Q4 and 15.9% for the full year. All business segments saw revenue growth in 2014, with Solutions growing the fastest at 31.7% followed by Processing at 7.4% and Information at 5.9%. Net debt was reduced by 36.3% through strong operating cash flow and capital expenditure control.
This document provides supplemental materials for Virtu Financial's fourth quarter 2016 results, including:
1) A cautionary statement about forward-looking statements and associated risks and uncertainties.
2) An explanation of GAAP and non-GAAP financial measures included in the presentation.
3) A reconciliation of GAAP to non-GAAP measures such as normalized adjusted net income and free cash flow.
The document summarizes a shareholder meeting for tronc, Inc. It highlights improvements in the company's balance sheet, core business, and investments in growth areas. Financial metrics like Adjusted EBITDA, net debt, stock price, and net income were up significantly from the previous year. However, the document also includes disclaimers stating that some terms used are non-GAAP measures and the financial data should not be considered as alternatives to GAAP measures of performance.
Q3 15 results presentation final unencryptedInvestorMarkit
- Markit reported financial results for Q3 2015 with total revenue of $277.3 million, up 2.8% year-over-year
- Revenue growth was driven by 5.6% constant currency growth, including 5.1% organic growth in Information and 13.1% organic growth in Solutions
- Adjusted EBITDA was $123.5 million, with an adjusted EBITDA margin of 44.9% maintained from prior year
- Adjusted earnings were $68.2 million, with adjusted diluted EPS of $0.37
- Results reflected continued investment in new products and acquisitions including DealHub and CoreOne Technologies
InfraREIT provided its Q2 2016 results and supplemental information. It reported solid Q2 2016 performance with an increase in lease revenue and adjusted EBITDA in line with expectations. Cash available for distribution and non-GAAP EPS were also in line with expectations, reflecting the impact of higher interest expense and depreciation. InfraREIT has a focus on regulated transmission and distribution opportunities, maintaining a strong financial profile, and growing dividends. Sharyland's rate case filed in April 2016 is pending a preliminary order from the PUCT.
The document is a presentation by Genesis Energy for their FY23 financial results. Some key highlights include:
- EBITDAF was $523.5 million, a 19% increase from FY22, driven by lower generation costs and improved retail performance.
- NPAT was $195.7 million, a 12% decrease from FY22.
- Total dividends for FY23 were $186.4 million or 17.6 cents per share, a 19% increase from FY22.
- Operational performance was strong with renewable generation up 937GWh and carbon emissions reduced by 1,625 kt CO2e.
- This document contains Quintiles' earnings presentation for the fourth quarter of 2014.
- Key highlights include 22.2% net new business growth, 9.3% constant currency service revenue growth, and 29.1% diluted adjusted earnings per share growth for Q4.
- For the full year 2014, Quintiles saw 10.1% constant currency service revenue growth, 31.1% diluted adjusted EPS growth, and $11.24 billion in diversified backlog.
InfraREIT reported its Q1 2016 results, which showed strong performance in line with expectations. Key highlights included a 5% increase in cash available for distribution to $19.3 million and an 11% rise in adjusted EBITDA to $38.1 million. The company also reaffirmed its 2016 guidance metrics and estimates $640-740 million in footprint capital expenditures over 2016-2018. Major ongoing Hunt transmission projects include the Southline Transmission project in Arizona and New Mexico.
- InfraREIT reported strong 2015 full year results, with cash available for distribution growing 21% over 2014 and adjusted EBITDA growing 11%.
- Lease revenue increased 13% in both Q4 2015 and full year 2015, driving earnings growth.
- InfraREIT has $280.5 million in available liquidity through revolving credit facilities and cash on hand to fund future growth opportunities.
- The company's financing strategy focuses on acquiring regulated transmission and distribution opportunities within its existing footprint to maintain a strong financial profile and grow dividends over the long term.
This document provides a summary of Anixter Inc.'s financial results for the second quarter of 2018. Key points include:
- Total sales were $2.1 billion, up 6.8% from the prior year, with organic sales growth of 4.9%.
- Net income was $34.8 million, compared to $40.1 million in the prior year. Adjusted EBITDA was $107.8 million, up 4.6% from the prior year.
- Sales growth was seen across all business segments and geographic regions. The Network & Security Solutions segment saw the largest sales increase of 6.5% on a GAAP basis and 4.7% organically.
Masonite reported strong third quarter 2015 financial results, with net sales increasing 5.4% and adjusted EBITDA growing 42%. The company has demonstrated six consecutive quarters of adjusted EBITDA growth through strategic focus on pricing, portfolio optimization, and sales and marketing excellence. Recent acquisitions in Europe have transformed Masonite's European business toward customized door solutions and specialized sectors.
InfraREIT provided a corporate update and summarized its Q4 2015 and full year 2015 performance. Key points include:
- Q4 2015 and full year 2015 financial results were in line with expectations and showed growth over the prior year.
- InfraREIT is updating its estimates for footprint capital expenditures from 2016-2018 to be in the range of $640-740 million.
- InfraREIT initiated 2016 guidance for CAD per share, non-GAAP EPS, and dividends per share.
- Two ROFO projects under construction by Hunt were discussed, with potential future acquisition by InfraREIT.
Voya Financial held an investor presentation on May 7, 2014 to discuss its first quarter 2014 results. The presentation highlighted that Voya achieved higher expected capital generation, repurchased $265 million in shares, and rebranded from ING U.S. to Voya Financial in April 2014. Voya's ongoing business adjusted operating return on equity remained steady at 10.3% for both the first quarter and trailing twelve months of 2014, consistent with its full year 2013 results and on track to meet its 2016 target. Retirement solutions continued its re-pricing strategy in tax-exempt markets and leveraged a rebuilt sales force.
The PowerPoint slide presentation delivered by MarkWest executives on a fourth quarter 2013 financial and operations update phone call. MarkWest CEO Frank Semple talked through the slides. MDN's personal favorite slides in the deck: 7, 9, 10, 14, 16. MarkWest is the premier midstream company in the Marcellus and Utica Shale region. This slide deck shows why.
Masonite reported strong second quarter 2015 earnings, with adjusted EBITDA increasing 34% year-over-year. Average unit prices increased in all three of Masonite's reportable segments. Masonite also acquired two UK-based door companies, Performance Doorset Solutions and National Hickman, and disposed of its French door business to optimize its portfolio. The presentation provided an overview of Masonite's financial results and strategy to focus on strategic markets and product lines to drive continued growth.
Shutterfly Earnings for 1Q 2014 released after market close today. Released in tandem with their conference call - which starts in about 20 minutes: http://www.media-server.com/m/p/o42tycb9
Looks like they beat by $0.05 and gave updated guidance more or less in-line with consensus. Note that Goldman upgraded the stock 2 weeks ago...
The latest PowerPoint slide deck MarkWest pushed out to investors and analysts recapping 2014 results and looking forward to 2015. MarkWest, a midstream (pipelines & processing plants) company continues its expansion in the northeast and is perhaps the biggest midstreamer in the Marcellus/Utica.
IHS Markit, a global leader in critical information, analytics and solutions, will merge, creating an even larger combined company. The merger faces risks including difficulties integrating operations and achieving synergies. It requires shareholder and regulatory approval. If approved, the merger would result in a combined company with greater scale and resources.
Q1 16 results presentation final unencryptedInvestorMarkit
- Markit reported revenue of $287.8 million for Q1 2016, up 7.8% on a constant currency basis with 1% organic growth and 6.8% from acquisitions.
- Information segment grew revenue 7.4% to $129.5 million driven by strong pricing and reference data products and a 4.1% contribution from CoreOne acquisition.
- Processing revenue declined 7.6% to $62.3 million due to lower rates and credit volumes as well as adverse FX, partially offset by 4.6% from DealHub.
- Solutions revenue was up 15% to $96 million including 4% organic growth and 12.5% from acquisitions such
Mo e investor roadshow presentation final 032116InvestorMarkit
IHS and Markit, two global information providers, will merge to create a new combined company called IHS Markit. The all-stock deal values Markit at $6.25 billion and will make IHS Markit a leader in critical information, analytics, and solutions. Jerre Stead will be Chairman and CEO of the new company initially. The merger is expected to close in the second half of 2016 pending shareholder and regulatory approvals.
Goldman sachs us fincl services conf panel discussion dec 2015InvestorMarkit
Goldman Sachs US Financial Services Conference \ Dec 8th 2015
1) Markit operates three divisions that provide critical financial market information, trade processing, and advanced enterprise solutions tied to Markit technology.
2) Managed Services allows customers to buy end-to-end business outcomes by leveraging Markit's standardized technology solutions and expertise to reduce costs, operational risk, and ensure regulatory compliance.
3) Markit is well-positioned to deliver value through its extensive partnerships, distribution strengths, and data capabilities including indices, pricing, and reference data across asset classes.
Goldman sachs us fincl services conf panel discussion dec 2015InvestorMarkit
Goldman Sachs provides financial services and solutions through three divisions: Information Processing Solutions which sources and delivers critical market information and accounts for 46% of revenue; Pricing & Reference Data which processes trades for over-the-counter derivatives, foreign exchange, and syndicated loans making up 22% of revenue; and Advanced Enterprise Solutions which offers pricing data, indices, valuation tools, and enterprise software and managed services comprising 32% of revenue based on third quarter 2015 results.
The document is an investor presentation for Markit Ltd. that provides an overview of the company, including key metrics such as share price and market capitalization. It summarizes Markit's business divisions which provide pricing and reference data, trade processing, and enterprise software solutions. The presentation also outlines Markit's focus on customer collaboration to develop new solutions, lists important industry trends it addresses, and provides background on its founder-led management team.
- Markit is a leading global provider of financial information services, with over 3,600 employees and $1.065 billion in revenue in 2014.
- The presentation discusses Markit's business segments and financial performance, with an emphasis on its consistent revenue growth, margins, and track record of acquisitions.
- Markit has three divisions: Information (pricing and reference data), Processing (trade processing), and Solutions (enterprise software and managed services). All divisions have shown strong revenue growth and margins historically.
Methanex is the world's largest producer and supplier of methanol. We create value through our leadership in the global production, marketing and delivery of methanol to customers. View our latest Investor Presentation for more details.
Cleades Robinson, a respected leader in Philadelphia's police force, is known for his diplomatic and tactful approach, fostering a strong community rapport.
UnityNet World Environment Day Abraham Project 2024 Press ReleaseLHelferty
June 12, 2024 UnityNet International (#UNI) World Environment Day Abraham Project 2024 Press Release from Markham / Mississauga, Ontario in the, Greater Tkaronto Bioregion, Canada in the North American Great Lakes Watersheds of North America (Turtle Island).
The E-Way Bill revolutionizes logistics by digitizing the documentation of goods transport, ensuring transparency, tax compliance, and streamlined processes. This mandatory, electronic system reduces delays, enhances accountability, and combats tax evasion, benefiting businesses and authorities alike. Embrace the E-Way Bill for efficient, reliable transportation operations.
ZKsync airdrop of 3.6 billion ZK tokens is scheduled by ZKsync for next week.pdfSOFTTECHHUB
The world of blockchain and decentralized technologies is about to witness a groundbreaking event. ZKsync, the pioneering Ethereum Layer 2 network, has announced the highly anticipated airdrop of its native token, ZK. This move marks a significant milestone in the protocol's journey, empowering the community to take the reins and shape the future of this revolutionary ecosystem.
World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4
World economy charts case
World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4study presented by a Big 4
4. Q2 and H1 2014 financial results
Jeff Gooch, CFO
5. 5
Solid second quarter performance
Q2 2014 financial results overview
─ Revenue increased 11.0% to a quarterly record of $264.6 million
─ Driven by topline growth in all three business segments:
─ Information +5.7%
─ Processing +1.7%
─ Solutions +35.7%
─ Constant currency revenue growth +7.1% (4.3% organic, 2.8% acquired)
─ Recurring revenue of 94.7%; recurring fixed revenue increased to 50.8% of total revenue
─ Renewal rate remained at circa 90.0%
─ Continued profitability and strong margins maintained
─ Adjusted EBITDA grew 7.7%; Adjusted EBITDA margin of 45.4%
─ Adjusted Earnings were $68.3 million and Adjusted EPS diluted were $0.37
Adjusted EBITDA is defined as profit for the period from continuing operations before income taxes, net finance costs, depreciation and amortisation on fixed assets and intangible assets (including
acquisition related intangible assets), acquisition related items, exceptional items, share-based compensation and net other gains or losses and excluding Adjusted EBITDA attributable to non-controlling
interests. Adjusted EBITDA margin is defined as Adjusted EBITDA divided by revenue, excluding revenue attributable to non-controlling interests. Adjusted Earnings is defined as profit for the period
from continuing operations before amortisation of acquired intangibles, acquisition related items, exceptional items, share-based compensation, net other gains or losses and unwind of discount, less the
tax effect of these adjustments and excluding Adjusted Earnings attributable to non-controlling interests. Adjusted EPS diluted is defined as Adjusted Earnings divided by the weighted average number of
shares issued and outstanding, diluted.
7. 7
Summary financial results
($ million)
Q2 and H1 2014 financial results
Q2 2014 Q2 2013 YoY% H1 2014 H1 2013 YoY%
Revenue 264.6 238.3 11.0% 524.0 465.7 12.5%
Adjusted EBITDA (1) 120.0 111.4 7.7% 236.7 202.2 17.1%
Adjusted EBITDA margin (2) 45.4% 46.7% n/a 45.2% 45.8% n/a
Adjusted Earnings (3) 68.3 70.8 (3.5)% 141.2 118.3 19.4%
Adjusted EPS diluted (4) $0.37 $0.41 (9.8)% $0.78 $0.68 14.7%
1. Adjusted EBITDA is defined as profit for the period from continuing operations before income taxes, net finance costs, depreciation and amortisation on fixed assets and
intangible assets (including acquisition related intangible assets), acquisition related items, exceptional items, share-based compensation and net other gains or losses and
excluding Adjusted EBITDA attributable to non-controlling interests.
2. Adjusted EBITDA margin is defined as Adjusted EBITDA divided by revenue, excluding revenue attributable to non-controlling interests.
3. Adjusted Earnings is defined as profit for the period from continuing operations before amortisation of acquired intangibles, acquisition related items, exceptional items, share-
based compensation, net other gains or losses and unwind of discount, less the tax effect of these adjustments and excluding Adjusted Earnings attributable to non-controlling
interests.
4. Adjusted EPS diluted is defined as Adjusted Earnings divided by the weighted average number of shares issued and outstanding, diluted.
8. 8
Revenue mix (Q2 2014)
($ million)
Q2 and H1 2014 financial results
Q2 2014 Q2 2013 YoY% H1 2014 H1 2013 YoY%
Recurring fixed 50.8% 49.9% 0.9% 51.3% 50.2% 1.1%
Recurring
variable
43.9% 46.3% (2.4)% 43.6% 45.9% (2.3)%
Non-recurring 5.3% 3.8% 1.5% 5.1% 3.9% 1.2%
Key Q2 features:
─ Recurring fixed revenue % increased
yoy (+$15.7 million) due to new
business wins and moving customers
from variable to fixed contracts
─ Recurring variable revenue increased
yoy (+$5.6 million) due to strength in
the loans market and the acquisition
of Markit Corporate Actions, whilst
decreasing as % of total revenue
─ Non-recurring revenue increased yoy
(+$4.9 million) driven by new
business wins in Solutions
50.8%
43.9%
5.3%
Recurring fixed
Recurring variable
Non-recurring
$134.5
$116.0
$14.1
9. 9
Operating expenses
($ million)
Q2 and H1 2014 financial results
Q2 2014 Q2 2013 YoY% H1 2014 H1 2013 YoY%
Personnel costs (89.3) (77.6) 15.1% (178.4) (153.6) 16.1%
Non personnel costs (55.3) (49.3) 12.2% (108.9) (98.4) 10.7%
Total operating
expenses
(144.6) (126.9) 13.9% (287.3) (252.0) 14.0%
Key features:
─ Personnel costs increased due to
acquisitions (Markit Corporate
Actions and thinkFolio), new hires,
increase in cash compensation
and FX
─ Headcount growth was
predominantly in low cost locations
─ Non personnel costs increase
largely driven by acquisition of
Markit Corporate Actions and
thinkFolio
─ Technology costs closely controlled
10. 10
Exceptional items
($ million)
Q2 and H1 2014 financial results
Q2 2014 Q2 2013 H1 2014 H1 2013
Legal advisory costs (1.8) (1.1) (2.9) (2.2)
Profit on sale of available-for-sale
financial asset
- - - 4.2
IPO preparation and execution costs (8.4) - (12.1) -
Accelerated IFRS 2 charges (1.0) - (7.3) -
Recognition of liability for social
security costs on option exercise
(20.1) - (20.1) -
Total exceptional items (31.3) (1.1) (42.4) 2.0
11. 11
Net debt / leverage
($ million)
Q2 and H1 2014 financial results
June
30th 2014
December
31st 2013
Bank borrowings 324.1 268.0
Share buyback 258.9 306.6
Total borrowings 583.0 574.6
Cash and cash equivalents (97.5) (75.3)
Net debt 485.5 499.3
LTM Adjusted EBITDA(1) 455.8 421.3
Leverage
(Net debt/ LTM Adjusted EBITDA)
1.07x 1.19x
Key features:
─ H1 2014 increase in borrowings
driven by acquisition of thinkFolio in
Q1 2014, partially offset by pay
down of share buy back liability and
other debt repayments
─ Capital expenditure H1 2014
totalled $63.7 million, flat year on
year
1. LTM Adjusted EBITDA is defined as Adjusted EBITDA for the previous twelve month period to date reported
12. 12
Information
($ million)
Q2 and H1 2014 financial results
115.6 122.2
55.0 58.6
0
25
50
75
100
125
150
Q2 2013 Q2 2014
Revenue Adjusted EBITDA
+5.7%
Q2 2014 Q2 2013 YoY% H1 2014 H1 2013 YoY%
Revenues 122.2 115.6 5.7% 239.9 227.2 5.6%
Adjusted
EBITDA
58.6 55.0 6.5% 113.8 106.4 7.0%
Adjusted
EBITDA margin
48.0% 47.6% 0.4% 47.4% 46.8% 0.6%
Key Q2 highlights:
─ Revenue +5.7% yoy due to
favourable FX movements and
growth in Pricing and Reference
Data
─ Indices benefited from new
business wins
─ Valuation and Trading services
continues to experience competitive
pricing pressure
─ Customer retention and renewals
remain strong at circa 90.0%
13. 13
Processing
($ million)
Q2 and H1 2014 financial results
Key Q2 highlights:
─ Strong trading volumes maintained
in the processing business across
loans and derivatives
─ Revenue positively impacted by
changes in FX rates
─ Organic growth down due to high
loan trading volumes in prior period
70.9 72.1
39.0 38.9
0
25
50
75
100
Q2 2013 Q2 2014
Revenue Adjusted EBITDA
+1.7%
Q2 2014 Q2 2013 YoY% H1 2014 H1 2013 YoY%
Revenues 72.1 70.9 1.7% 144.2 136.1 6.0%
Adjusted
EBITDA
38.9 39.0 (0.3)% 78.2 73.7 6.1%
Adjusted
EBITDA margin
54.0% 55.0% (1.0)% 54.2% 54.2% 0.0%
14. 14
Solutions
($ million)
Q2 and H1 2014 financial results
51.8
70.3
17.4
22.5
0
25
50
75
Q2 2013 Q2 2014
Revenue Adjusted EBITDA
+35.7%
Q2 2014 Q2 2013 YoY% H1 2014 H1 2013 YoY%
Revenues 70.3 51.8 35.7% 139.9 102.4 36.6%
Adjusted
EBITDA
22.5 17.4 29.3% 44.7 33.6 33.0%
Adjusted
EBITDA margin
32.0% 33.6% (1.6)% 32.0% 32.8% (0.8)%
Key Q2 highlights:
─ Strong organic growth driven by
new business wins in Managed
Services and Enterprise Software,
with strong growth in EDM
─ Markit Corporate Actions and
thinkFolio acquisitions accretive
to revenue growth
─ Continued investment in new
products and services
─ Launched KYC service in partnership
with Genpact
15. 15
─ IPO completed on June 24th 2014; shares listed on Nasdaq
─ Solid Q2 and half year financial performance
─ Well positioned to deliver our longterm financial objectives
─ Headwinds from electronic trading yet to materialise leads to
cautious nearterm outlook in OTC derivative processing
─ Continue to invest in products and services to address the needs of
our customers
Summary
17. 17
Definitions
Revenue growth
We measure revenue growth in terms of organic revenue growth, acquisition related revenue growth and foreign currency impact on revenue growth. We define these components as follows:
Organic – Revenue growth from continuing operations from factors other than acquisitions and foreign currency fluctuations. We derive organic revenue growth from the development of new products and
services, increased penetration of existing products and services to new and existing customers, price changes for our products and services and market driven factors such as increased trading volumes or
changes in customer assets under management.
Acquisition related – Revenue growth from acquired businesses through the end of the fiscal year following the fiscal year in which the acquisition was completed. This growth results from our strategy of
making targeted acquisitions that facilitate growth by complementing our existing products and services and addressing market opportunities.
Foreign currency – The impact on revenue growth resulting from the difference between current revenue at current exchange rates and current revenue at the corresponding prior period exchange rates.
Revenue by type
Revenue by type is how we classify the income recognised from the sale of our products and services into three groups as defined below:
Recurring fixed revenue – Revenue generated from contracts specifying a fixed fee for services delivered over the life of the contract. The fixed fee is typically paid annually, semiannually or quarterly in
advance. These contracts are typically subscription contracts where the revenue is recognised across the life of the contract. The initial term of these contracts can range from one to five years and usually
includes auto-renewal clauses.
Recurring variable revenue – Revenue derived from contracts that specify a fee for services which is typically not fixed. The variable fee is typically paid monthly in arrears. Recurring variable revenue is
based on, among other factors, the number of trades processed, assets under management or the number of positions we value. Many of these contracts do not have a maturity date while the remainder have
an initial term ranging from one to five years.
Non-recurring revenue – Revenue that relates to certain software license sales and the associated consulting revenue.
Other Non-IFRS Measures
Adjusted EBITDA is defined as profit for the period from continuing operations before income taxes, net finance costs, depreciation and amortisation on fixed assets and intangible assets (including acquisition
related intangible assets), acquisition related items, exceptional items, share-based compensation and net other gains or losses and excluding Adjusted EBITDA attributable to non-controlling interests.
Adjusted EBITDA margin is defined as Adjusted EBITDA divided by revenue, excluding revenue attributable to non-controlling interests.
LTM Adjusted EBITDA is defined as Adjusted EBITDA for the previous twelve month period from date reported
Adjusted Earnings is defined as profit for the period from continuing operations before amortisation of acquired intangibles, acquisition related items, exceptional items, share-based compensation, net other
gains or losses and unwind of discount, less the tax effect of these adjustments and excluding Adjusted Earnings attributable to non-controlling interests.
Adjusted EPS diluted is defined as Adjusted Earnings divided by the weighted average number of shares issued and outstanding, diluted.
Q2 and H1 2014 financial results
18. 18
Reconciliation to Adjusted EBITDA
($ million)
Q2 and H1 2014 financial results
Q2 2014 Q2 2013 H1 2014 H1 2013 FY 2013
Profit for the period 29.4 53.4 69.2 111.7 147.0
Income tax expense 9.6 14.8 25.2 35.6 63.7
Finance costs – net 3.9 5.3 8.3 10.3 19.4
Depreciation and amortisation 23.5 20.7 46.8 40.5 86.0
Amortisation – acquisition related 14.1 11.9 28.3 24.4 50.1
Acquisition related items 2.2 0.1 5.0 0.1 (1.4)
Exceptional items 31.3 1.1 42.4 (2.0) 60.6
Share-based compensation 3.1 2.0 6.1 3.9 8.1
Other losses/ (gains) – net 2.9 2.1 5.4 (10.8) (0.7)
Adjusted EBITDA attributable to non-controlling
interests
- - - (11.5) (11.5)
Adjusted EBITDA 120.0 111.4 236.7 202.2 421.3
19. 19
Reconciliation to Adjusted Earnings
($ million)
Q2 and H1 2014 financial results
Q2 2014 Q2 2013 H1 2014 H1 2013
Profit for the period 29.4 53.4 69.2 111.7
Amortisation – acquisition related 14.1 11.9 28.3 24.4
Acquisition related items 2.2 0.1 5.0 0.1
Exceptional items 31.3 1.1 42.4 (2.0)
Share-based compensation 3.1 2.0 6.1 3.9
Other losses/ (gains) – net 2.9 2.1 5.4 (10.8)
Unwind of discount
(1)
2.4 3.3 4.9 6.8
Tax effect of above adjustments (17.1) (3.1) (20.1) (6.1)
Adjusted Earnings attributable to non-controlling interests - - - (9.7)
Adjusted Earnings 68.3 70.8 141.2 118.3
Weighted average number of shares used to compute
earnings per share, diluted
182,777,170 174,304,740 180,724,370 173,500,490
1. Unwind of discount represents the non-cash unwinding of discount, recorded through finance costs – net in the income statement, primarily in relation to our share buyback liability.
20. mines data
pools intelligence
surfaces information
enables transparency
builds platforms
provides access
scales volume
extends networks
& transforms business.