SYT » Topics » Appendix C: Reconciliation of EBITDA (1) to Net Income

This excerpt taken from the SYT 6-K filed Feb 8, 2007.

Appendix C: Reconciliation of EBITDA(1) to Net Income

EBITDA is defined as earnings before interest, tax, minority interests, depreciation, amortization and impairment. Information concerning EBITDA has been included as it is used by management and by investors as a supplementary measure of operating performance and is used by Syngenta as the basis of part of its employee incentive schemes. Management focuses on EBITDA excluding restructuring as this excludes items affecting comparability from one period to the next. EBITDA is not a measure of cash liquidity or financial performance under generally accepted accounting principles and the EBITDA measures used by Syngenta may not be comparable to other similarly titled measures of other companies. EBITDA should not be construed as an alternative to operating income or cash flow as determined in accordance with generally accepted accounting principles.

  2006   2005
  $m   $m




Net income attributable to Syngenta AG shareholders 634   622
Minority interests 3   4
Income tax (credit)/expense 161   140
Financial expenses, net 20   96
Pre-tax restructuring and impairment 326   236
Depreciation, amortization and other impairment 391   451




EBITDA excluding restructuring 1535   1549





This excerpt taken from the SYT 6-K filed Jul 27, 2006.

Appendix C: Reconciliation of EBITDA(1) to Net Income

EBITDA is defined as earnings before interest, tax, minority interests, depreciation, amortization and impairment. Information concerning EBITDA has been included as it is used by management and by investors as a supplementary measure of operating performance and is used by Syngenta as the basis of part of its employee incentive schemes. Management focuses on EBITDA excluding restructuring as this excludes items affecting comparability from one period to the next. EBITDA is not a measure of cash liquidity or financial performance under generally accepted accounting principles and the EBITDA measures used by Syngenta may not be comparable to other similarly titled measures of other companies. EBITDA should not be construed as an alternative to operating income or cash flow as determined in accordance with generally accepted accounting principles.

    1st Half     1st Half  
    2006     2005  
    $m     $m  

Net income attributable to Syngenta AG shareholders   961     912  
Minority interests   7     4  
Income tax (credit)/expense   265     281  
Financial expenses, net   (12 )   46  
Pre-tax restructuring and impairment   130     92  
Depreciation, amortization and other impairment   192     229  

EBITDA excluding restructuring   1543     1564  

This excerpt taken from the SYT 6-K filed Feb 14, 2006.

Appendix C: Reconciliation of EBITDA(1) to Net Income

EBITDA is defined as earnings before interest, tax, minority interests, depreciation, amortization and impairment. Information concerning EBITDA has been included as it is used by management and by investors as a supplementary measure of operating performance and is used by Syngenta as the basis of part of its employee incentive schemes. Management focuses on EBITDA excluding restructuring as this excludes items affecting comparability from one period to the next. EBITDA is not a measure of cash liquidity or financial performance under generally accepted accounting principles and the EBITDA measures used by Syngenta may not be comparable to other similarly titled measures of other companies. EBITDA should not be construed as an alternative to operating income or cash flow as determined in accordance with generally accepted accounting principles.

2005
$m
  2004
$m



 
Net income attributable to Syngenta AG shareholders 622   460
Minority interests 4   (32 )
Income tax (credit)/expense 140   (70 )
Financial expenses, net 96   73
Pre-tax restructuring and impairment 236   354
Discontinued operations -   108
Depreciation, amortization and other impairment 451   502



 
EBITDA excluding restructuring 1549   1395



 

This excerpt taken from the SYT 6-K filed Jul 28, 2005.

Appendix C: Reconciliation of EBITDA(1) to Net Income

EBITDA is defined as earnings before interest, tax, minority interests, depreciation, amortization and impairment. Information concerning EBITDA has been included as it is used by management and by investors as a supplementary measure of operating performance and is used by Syngenta as the basis of part of its employee incentive schemes. Management focuses on EBITDA excluding restructuring as this excludes items affecting comparability from one period to the next. EBITDA is not a measure of cash liquidity or financial performance under generally accepted accounting principles and the EBITDA measures used by Syngenta may not be comparable to other similarly titled measures of other companies. EBITDA should not be construed as an alternative to operating income or cash flow as determined in accordance with generally accepted accounting principles.

    1st Half   1st Half
    2005   2004
    $m   $m

Net income attributable to Syngenta AG shareholders   912   780
Minority interests   4   (9 )
Income tax (credit)/expense   281   44
Financial expenses, net   46   23
Pre-tax restructuring and impairment   92   214
Discontinued operations   -   50
Depreciation, amortization and other impairment   229   242

EBITDA excluding restructuring   1564   1344

This excerpt taken from the SYT 6-K filed Feb 15, 2005.

Appendix D: Reconciliation of EBITDA(2) to Net Income

EBITDA is defined as earnings before interest, tax, minority interests, depreciation, amortization and impairment. Information concerning EBITDA has been included as it is used by management and by investors as a supplementary measure of operating performance and is used by Syngenta as the basis of part of its employee incentive schemes. Management focuses on EBITDA excluding restructuring as this excludes items affecting comparability from one period to the next. EBITDA is not a measure of cash liquidity or financial performance under generally accepted accounting principles and the EBITDA measures used by Syngenta may not be comparable to other similarly titled measures of other companies. EBITDA should not be construed as an alternative to operating income or cash flow as determined in accordance with generally accepted accounting principles.

2004 2003(1)
$m $m



Net income attributable to Syngenta AG shareholders 460 250
Minority interests (32) 4
Income tax (credit)/expense (70) 134
Financial expenses, net 73 138
Pre-tax restructuring and impairment 354 163
Discontinued operations 108 (6)
Depreciation, amortization and other impairment 502 497



EBITDA excluding restructuring 1395 1180




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