Following ESMA guidelines on Alternative Performance Measures from October 2015
Income Statement |
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Consolidated Income Statement by Functions |
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Net Sales and Services |
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Net sales and services |
Gross Profit |
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Gross profit |
Operating Costs |
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Includes headings of Distribution costs; and Administrative costs, excluding €-902 million related with Depreciations and amortisations (note – Segments Reporting) |
EBITDA |
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Depreciation |
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Value reflected in the note – Segments Reporting |
EBIT |
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Net Financial Costs |
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Net financial costs |
Gains/Losses in Joint Ventures and Associates |
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Gains (losses) in joint ventures and associates |
Other Profits/Losses |
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Includes headings of Other operating profits/losses; Gains (losses) on disposal of business (when applicable); and Gains (losses) in other investments (when applicable) |
EBT |
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Profit before taxes |
Income Tax |
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Income tax |
Net Profit |
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Profit before non-controlling interests |
Non-Controlling Interests |
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Non-Controlling interests |
Net Profit Attributable to JM |
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Net profit attributable to Jerónimo Martins Shareholders |
Balance Sheet |
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Consolidated Balance Sheet |
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Net Goodwill |
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Amount reflected in note Intangible assets |
Net Fixed Assets |
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Includes the headings Tangible and Intangible assets (excluding the Net goodwill of €635 million); and adding the Financial leases (€124 million) |
Net Rights of Use (RoU) |
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Includes the heading of Net rights of use excluding the Financial leases (€124 million) |
Total Working Capital |
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Includes the headings Current trade debtors, accrued income and deferred costs; Inventories; Biological assets; Trade creditors, accrued costs and deferred income; Employee benefits; and also, €-47 million related to ‘Others’ due to its operational nature. |
Others |
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Includes the headings Investment property; Investments in joint ventures and associates; Other financial investments; Non-Current trade debtors, accrued income and deferred costs; Deferred tax assets and liabilities; Income tax receivable and payable; and Provisions for risks and contingencies. |
Invested Capital |
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Total Borrowings |
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Includes the heading Borrowings current and non-current |
Financial Leases |
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Includes the heading of Financial leases (2023: €102 million; 2022: €82 million) according with IAS 17 in place before IFRS16 adoption |
Capitalised Operating Leases |
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Amount in the heading of Lease liabilities current and non-current, excluding Financial leases (heading above) |
Accrued Interest |
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Includes the headings Derivative financial instruments and €-10 million related with Interest accruals and deferrals (note – Net financial debt) |
Cash and Cash Equivalents |
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Includes the heading Cash and cash equivalents; and €135 million of Short-term investments that do not qualify as cash equivalents |
Net Debt |
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Non-Controlling Interests |
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Non-Controlling interests |
Share Capital |
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Share capital |
Reserves and Retained Earnings |
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Includes the headings Share premium; Own shares; Other reserves; and Retained earnings |
Shareholders’ Funds |
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Cash Flow |
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Consolidated Cash Flow Statement |
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EBITDA |
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Includes the headings Cash generated from operations before changes in working capital, including headings which did not generate cash flow, and excluding profit and losses that do not have operational nature (€64 million) |
Capitalised Operating Leases Payment |
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Included in the heading Leases paid, excluding €11 million related with the payment of financial leases according with previous accounting standards |
Interest Payment |
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Includes the headings of Loans interest paid; Leases interest paid; and Interest received |
Income Tax |
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Income tax paid |
Funds from Operations |
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Capex Payment |
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Includes the headings Disposal of tangible and intangible assets; Disposal of other financial investments and investment property; Acquisition of tangible and intangible assets; Acquisition of other financial investments and investment property; and Acquisition of businesses, net of cash acquired. |
Change in Working Capital |
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Includes Changes in working capital |
Others |
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Includes the headings Disposal of business (when applicable); and Profit and losses which generated cash flow, although not having operational nature (€-64 million) |
Cash Flow |
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Corresponds to the Net change in cash and cash equivalents, deducted from Dividends paid and received; Net change in loans; and Net change in Short-term investments that do not qualify as cash. It also includes acquisitions of tangible assets classified as finance leases (€-28 million); and deducted from the payment of financial leases (€11 million), both according with previous accounting standards |