Corporate Financial Function
Marie-Line Ardito

General Description

Underlying EBITDA is one of the elements of the Profit & Loss section.
A comparison of the selected quarter's result against Historical, Restated and Actual is available using :
  • a bridge chart displays 3 pillars (phases):
    • Historical (previous year)
    • Restated (previous year)
    • Actual (current year)
For each bar, it have a total of indicators in M€ or K€ (according to selection)
And it have a value in percent which represents:
Value of bar/value of Historical or Restated
  • a detailed table displays the same indicators as the bridge.
  • Comex
  • Controlling
  • Finance
All the accesses must be validated by:
Corporate Finance - point 1 and 3
GBU Finance Director + copy to Corporate Finance - point 2
1 .Lead FD Role (specific role)
2 .1 GBU / Legal Entities (of the GBU)
3 .Multi GBUs / Legal Entities
Access form
Underlying EBITDA - Indicators
Actual
Current Year's results
Restated
Previous Year's (Y-1) results based on Current Year's structure and rate
Historical
Previous Year's (Y-1) Official results published
Underlying EBITDA - Calculation
BFC Flows
F99
CLOSING BALANCE
F99AJ
Adjusted
FA99EX
Exceptional
RS99
Closing RSB
RS80
Foreign exchange Gain/Loss
F20
INCREASE
F23
CAPITALIZED INTERESTS
F53
INTERNALLY GENERATED FIXED ASSETS
F15
VARIATION
RS100
RSB - Dec Tx Current Month
F06
DIVIDENDS PAID
RS50
RECLASSIFICATION
C04
NET BOOK VALUE (NBV)
Annualized
  • [01] = 12 x [01];
  • [02] = 6 x ([01] + [02]);
  • [03] = 4 x ([M-2] + [M-1] + [M])
Sources 
BFC
All except below listed managed by Corporate Finance
Manual Files
  • BFR  – quarterly basis
  • WACC Corporate – updated by the Corporate Finance
  • WACC GBUs – updated by the Corporate Finance
  • Tax Rate – updated by the Corporate Finance
  • Maintenance rate – updated by the Corporate Finance
  • Free cash flow – updated by the Corporate Finance. Actual by month, Historical by quarter, budget of the Year and BFR by month :
    • Delta working capital others
    • Tax cash out
    • Provisions cash out
    • Others & Disc. opFree cash flow