Quote Originally Posted by Snoopy View Post
I get that Depreciation and Amortisation have already been removed in transforming EBITDA to EBIT in the FY2020 accounts. However, the depreciation removed in the FY2020 accounts, during the EBITDA to EBIT calculation, as printed, includes the 'depreciation of the right to occupy' which did not exist before IFRS16. IOW the depreciation pre-IFRS16 and depreciation post-IFRS16 are not the same thing. So if you are converting the figures in the FY2020 report back to a pre-IFRS16 comparison figure, don't you need to add the 'depreciation of the right to occupy', the difference between depreciation pre-IFRS16 and depreciation post IFRS16 (the new increment of depreciation that did not exist before), back?

SNOOPY
Sorry Snoops, you’ve lost me now

But own up to talking on a general basis …whereas you and Ferg talking about Chorus …yes?

And confess I haven’t been following the detail of that conversation