Cloudberry Annual report 2022 182 Alternative performance measures Alternative performance measures The alternative performance measures (abbreviated APMs) that hereby are provided by Cloudberry are a supplement to the financial statements that are prepared in accordance with IFRS. This is based on the Group’s experience that APMs are frequently used by analysts, investors, and other parties for supplement information. The purpose of the APMs, both financial and non- financial, is to provide an enhanced insight to the operations, financing, and future prospect for the Group. Management also uses these measures internally for key performance measures (KPIs). They represent the most important measures to support the strategy goals. Financial APMs should not be considered as a substitute for measures of performance in accordance with IFRS. APMs are calculated consistently over time and are based on financial data presented in accordance with IFRS and other operational data as described below. The Group uses the following financial APMs: Financial APMs Measure Description Reason for including EBITDA EBITDA is net earnings before interest, tax, depreciation, amortisation & impairments. Shows performance regardless of capital structure, tax situation or effects arising from different depreciation methods. Management believes the measurement enables an evaluation of operating performance. EBIT EBIT is net earnings before interest and tax. Shows performance regardless of capital structure and tax situation. Management believes the measurement enables an evaluation of operating performance. Net interest-bearing debt (NIBD) Net interest-bearing debt is interestbearing debt, less cash and cash equivalents. IFRS 16 leasing liabilities are not included in the net interest-bearing debt. Shows the interest-bearing debt position of the company adjusted for the cash position. Management believes the measure provides an indicator of net indebtedness and risk. Equity ratio Equity ratio equals total equity divided by total assets Shows the equity relative to the assets. Management believes the measurement enables an evaluation the financial strength and an indicator of risk.
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