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Note: Except for the key figures that can be directly derived from the consolidated financial statements on pages 49-118 of this report, the key figures and ratios above are not measures of financial performance under Danish GAAP or IFRS. The Group includes these financial measures because it believes that they are appropriate measures of the Group’s financial performance. Other companies, including those in ISS’s industry, may calculate similarly titled financial measures differently. * ISS Holding A/S was founded on 11 March 2005, while the activities of ISS were acquired on 9 May 2005. Consequently, the 2005 figures do not represent full year figures and it is therefore not possible to conduct a proper comparison with the 2005 figures. The applied accounting principles are described in note 1, Significant accounting policies in the consolidated financial statements. 1) See page 135 for 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 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 contratcs. 4) Including minority interests. 5) The Pro Forma adjusted financial information is for informational purposes only. See page 137, Capital Structure, for further information on Other Financial Measures. |