Fiven Annual Report 2020

APM Table: SEGMENT REPORTING FOR THE PERIOD 1 JANUARY TO 31 DECEMBER 2020: Amounts in EUR thousand Fiven Norway Fiven Brazil Fiven Belgium Other Total segment reporting Operating profit/(loss) 8,095 6,015 -1,217 -2,431 10,462 Depreciation and amortization 2,179 1,152 253 1,196 4,781 EBITDA 10,274 7,167 -964 -1,234 15,242 Transaction costs - - - 1,218 1,218 Other non-reccuring costs 360 -324 -82 306 260 EBITDA ADJ. 10,633 6,844 -1,046 290 16,721 SEGMENT REPORTING FOR THE PERIOD 1 JANUARY TO 31 DECEMBER 2019: Amounts in EUR thousand Fiven Norway Fiven Brazil Fiven Belgium Other Total segment reporting Operating profit/(loss) 3,716 2,367 1,568 -4,777 2,874 Depreciation and amortization 1,630 1,569 211 537 3,946 EBITDA 5,346 3,936 1,779 -4,240 6,820 Transaction costs - - - 1,972 1,972 Other non-reccuring costs 316 323 207 1,547 2,393 PPA Inventory effect - - - 1,000 1,000 Management fee - - - 583 583 EBITDA ADJ. 5,662 4,259 1,986 862 12,768 Definitions of financial covenants terms (summarized by Fiven): EBITDA as defined in the Bond Loan Agreement EBITDA is to be adjusted for the following costs / items: 1. Transaction costs, meaning all fees incurred by Fiven in connection with the acquisition of the Target Group and Bond issuance costs listing. 2. Any non- recurring items which are not in line with the ordinary course of business, provided that the aggregated amount does not exceed 10 per cent of the EBITDA. 3. The effect of the implementation of IFRS16 Leasing and one-off IFRS3 Business Combinations Net Interest Bearing Debt as defined in the bond loan All interest bearing liabilities, excluding shareholder loans, IFRS 16 leasing impact and factoring liabilities. Fiven Annual Report 2020 Alternative Performance Measures   89