green flags in ccc prelim final report, page-9

Page 44.

The Board of Directors assesses the performance of the operating segments based on a measure of adjusted EBITDA. This measurement basis excludes the effects of non-recurring expenditure from the operating segments such as restructuring costs, legal expenses and impairments when the impairment is the result of an isolated, non-recurring event. Furthermore, the measure excludes the effects of equity-settled share-based payments and unrealised gains/(losses) on financial instruments.
Interest income and expenditure are not allocated to segments, as this type of activity is driven by the central treasury function, which manages the cash position of the consolidated entity.
The reconciliation of adjusted EBITDA to operating profit before income tax is provided as follows:

Adjusted EBITDA
Loss before income tax from continuing operations $49,442,000 (51,178,00 2012)