Financial glossary

Term used Description
Cash conversion Ratio of Reported operating cash flow to Headline PBIT
CML CML Research Limited
DEPS Diluted earnings per share
DLKW Face Communications Limited and its subsidiaries
EBITDA Profit before finance costs, finance income, taxation, depreciation and amortisation
EMO EMO Group Limited and its subsidiaries
EPS Basic earnings per share
Free cash flow Operating cash flow having deducted taxation, net finance income/(cost), income from financial assets and capital expenditure
Gearing Ratio of total net debt to equity
Headline Reported figures adjusted for:
1. Notional finance cost on future deferred consideration payments
2. Future acquisition payments due to employees deemed as remuneration
3. Restructuring costs
4. TRA Asia investment impairment (2009 only)
5. Goodwill write-off
6. Advisor fees on aborted offer (2009 only)
7. Deferred/corporation tax on the above items
ICM ICM Research Limited and its subsidiaries
Like-for-like A comparison of the current year performance (including acquisitions from the relevant date of completion) compared to prior year performance adjusted to include the results of acquisitions for the commensurate period in the prior year
LTIP Long Term Incentive Plan
MICP Management Incentive Compensation Plan
MSL Marketing Science Limited
Net debt Borrowing less liquid resources
NBC Nelson Bostock Communications Limited
Operating company Trading subsidiary of Creston plc
Operating margin Ratio of PBIT to revenue
PAN PAN Advertising Limited and its subsidiaries
PAT Profit after taxation
PBIT Profit before finance income, finance costs, income from financial assets and taxation
PBIT per head PBIT per average full-time equivalent employee
PBT Profit before taxation
RDC Red Door Communications Limited
Revenue per head Revenue per average full-time equivalent employee
SAYE Save As You Earn
TMW Tullo Marshall Warren Limited
Total debt Net debt together with the Group's provisions for deferred consideration
TRA The Real Adventure Marketing Communications Limited
TSR Total Shareholder Return
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