APM syllabus

EBITDA Summary 14 / 19

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EBITDA

Operating Profit (PBIT) not including Depreciation (Amortisation)

Also less one-off items

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EBITDA

Operating Profit (PBIT) not including Depreciation (Amortisation)

Also less one-off items

Page 1
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It's idea is to show Underlying Profit

by getting rid of accounting adjustments (non-cash) and one off items

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It's idea is to show Underlying Profit

by getting rid of accounting adjustments (non-cash) and one off items

Page 2
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EBITDA can also be misused and manipulated

Also it doesn't take into account the need for Capital purchases

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EBITDA can also be misused and manipulated

Also it doesn't take into account the need for Capital purchases

Page 3