Hey Snoops me old mate …..have you the last 5 years Operating Ebitda on a like for like basis …ie adjusting for the change in accounting of leases (which effectively increased ebitda by quite a lot
I’m after F16 and f17 and F19 to complete the series X, Y, Z, 48.2m, 56.0m and F22 58.0m
Just being lazy
Cheers
Last edited by winner69; 07-12-2021 at 08:45 AM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Hey Snoops mebold mate …..have you the last 5 years Operating Ebitda on a like for like basis …ie adjusting for the change in accounting of leases (which effectively increased ebitda by quite a lot
I’m after F16 and f17 and F19 to complete the series X, Y, Z, 48.2m, 56.0m and F22 58.0m
Just being lazy
Cheers
Hi Winner,
Two points.
1/ I tend to work on NPAT for my comparative figures. Those figures are not affected by the change in accounting lease standards, so I don't have the comparative EBITDA figures you ask for at hand.
2/ Where I have looked at doing this before (in another company), I have always adjusted the current EBITDA figures back to what they would have been under the old standard. What you are proposing is the other approach of adjusting the old figures up to the new standard. To my mind that is the better way to go (always better to be forward looking). The problem I run into is finding a practical way to do that.
The lease change standard effectively replaces an expense called 'rent', with two new expenses, those being:
a/ Depreciation of a 'right of use asset'
b/ An interest charge on lease liabilities.
The 'rent expenses' for want of a better broad umbrella term, sum match over the total term of a lease contract(s) under each method. But on a year to year basis they do not match, due to different accounting discounting rules.
The problem is in the old accounts, the split between depreciation of a 'right of use asset' and 'interest lease expense' is not declared, because under the old accounting standard such a separated construct did not exist. Sure you can make some estimates of what the historical split might be. But that sort of stuff is beyond my accounting pay grade. Is there a way to practically do this? You Winner, are probably one of the few people on this forum qualified to answer that question.
SNOOPY
Last edited by Snoopy; 07-12-2021 at 08:32 AM.
Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7
The revenue from food and fibre sector exports are projected to surge to a record $50.8 billion.
Got them tucked away safely in the bottom drawer and happy to keep collect the future divvies and capital gains along the way. Update from the ASM earlier in the month confirmed their balance sheet strength and upbeat trading pattern.
Got them tucked away safely in the bottom drawer and happy to keep collect the future divvies and capital gains along the way. Update from the ASM earlier in the month confirmed their balance sheet strength and upbeat trading pattern.
You'll need a bigger bottom drawer the way things are going
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Originally Posted by maclir
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