ALTERNATIVE PERFORMANCE MEASURES Sample Clauses

ALTERNATIVE PERFORMANCE MEASURES. Certain alternative performance measures (“APMs”) are included or referred to in this Prospectus (including in the documents incorporated by reference). APMs are non-IFRS measures used to supplement disclosures prepared in accordance with other applicable regulations such as IFRS. Santander UK Group Holdings considers that these APMs provide useful information to enhance the understanding of financial performance. The APMs should be viewed as complementary to, rather than a substitute for, the figures determined according to other regulatory measures. An explanation of each such APM’s components and calculation method can be found at pages 306 and 307 of the Annual Report of Santander UK Group Holdings for the year ended 31 December 2016 and pages 19 and 20 of Santander UK Group Holdings’ Quarterly Management Statement for the six months ended 30 June 2017 (both incorporated by reference).
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ALTERNATIVE PERFORMANCE MEASURES. ‘APMs’) In the front section of the Group’s Annual Report, APMs are used to provide readers with additional financial information that is regularly reviewed by management and used to make decisions about operating matters. These measures are usually used for internal performance reporting and in defining director and management remuneration. They are useful in connection with discussion with the investment analyst community. However, this additional information presented is not uniformly defined by all companies including those in the Group’s industry. Accordingly, it may not be comparable with similarly titled measures and disclosures by other companies. Additionally, certain information presented is derived from amounts calculated in accordance with IFRS but is not itself an expressly permitted GAAP measure. Such measures should not be viewed in isolation or as an alternative to the equivalent GAAP measure. Definitions, use and reconciliations to the closest IFRS measures are presented in the table below and on the following pages. APMs Descriptions Management reporting The financial information presented in the front section of this Annual Report is with Guatemala (55% owned) and Honduras (66.7% owned) as if fully consolidated, while the Group equity accounts those operations in the IFRS consolidated financial statements. See next pages for reconciliation with IFRS numbers. Service, mobile data and cable revenue  Service revenue is Group revenue related to the provision of ongoing services such as monthly subscription fees, airtime and data usage fees, interconnection fees, roaming fees, mobile finance service commissions and fees from other telecommunications services such as data services, short message services and other value added services excluding telephone and equipment sales;  Mobile data revenue is Group revenue related to the provision of data for smartphone users. Mobile data revenue is included in Service revenue;  Cable revenue is Group revenue related to the provision of cable services such as broadband internet and TV. Cable revenue is included in Service revenue. Organic growth Organic growth represents year-on year-growth in local currency (includes regulatory changes) and constant perimeter. See next pages for reconciliation with reported numbers. Operating profit Operating profit is profit before taxes before results from associates, other non- operating expenses (such as foreign exchange losses and changes in fair value of deriva...
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ALTERNATIVE PERFORMANCE MEASURES. In this section, the Group presents Alternative Performance Measures (“APMs”) (in accordance with the European Securities and Markets Authority Guidelines on Alternative Performance Measures issued on 5 October 2015 which came into force on 3 July 2016) other than IFRS which are derived from the Group’s financial statements. These measures are widely used by financial institutions. The APMs should not be considered as substitutes for other measures calculated in accordance with IFRS, as well as other historical financial ratios. The Bank’s management states that the way the below ratios are calculated may be different from the calculation conducted by other companies/groups. In the following table are set out the APMs, which were calculated on the basis of the interim consolidated financial statements for the period ended 30 June 2019: Alternative Performance Measures €m 1Η19 1Η18 Pre-provision income (PPI) 470 477 Core Pre-provision income (Core PPI) 399 413 Net Interest Margin (NIM) 2.28% 2.50% Comission Income 156 138 Other Income 71 64 Cost to Income ratio 48.5% 47.8% Net profit from continuing operations before restructuring cost 90 113 NPEs ratio 32.8% 40.7% NPEs Coverage ratio 54.5% 55.9% NPEs formation (321) (409) 90dpd ratio 25.9% 32.5% 90 dpd Coverage ratio 69.1% 70.0% 90dpd formation (137) (61) Cost of risk 1.90% 1.87% Loans at amortized costs to Deposits 86.5% 99.3% Tangible Book Value 5,938 4,852 Tangible Book Value per share 1.60 2.22 Source: Interim consolidated financial statements for the period ended 30 June 2019 (Figures for the period ended 30 June 2018 have been derived from the comparative figures from the 30 June 2019 interim consolidated financial statements) and data processing by Eurobank. In the following table are set out the components of the calculation of the above APMs, which are derived from the interim consolidated financial statements for the period ended 30 June 2019: Components of Alternative Performance Measures Total Operating income 912 913 Total Operating expenses (442) (436) Restructuring costs before tax 61 31 Non performing exposures (NPEs) 14,292 18,993 Cumulative Impairment Allowance (1) 7,790 10,611 90dpd loans 11,271 15,168 Loan loss provisions (348) (337) Due to customers 41,344 36,388 Gross loans and advances to customers 43,563 46,761 Loans and advances to customers at amorized cost 43,508 46,699 Average balance of loans and advances to customers at amortized cost (2) 36,548 36,080 Source: Interim consolid...
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Related to ALTERNATIVE PERFORMANCE MEASURES

  • Ongoing Performance Measures The Department intends to use performance-reporting tools in order to measure the performance of Contractor(s). These tools will include the Contractor Performance Survey (Exhibit H), to be completed by Customers on a quarterly basis. Such measures will allow the Department to better track Vendor performance through the term of the Contract(s) and ensure that Contractor(s) consistently provide quality services to the State and its Customers. The Department reserves the right to modify the Contractor Performance Survey document and introduce additional performance-reporting tools as they are developed, including online tools (e.g. tools within MFMP or on the Department's website).

  • Performance Measures The System Agency will monitor the Grantee’s performance of the requirements in Attachment A and compliance with the Contract’s terms and conditions.

  • Performance Measures and Metrics This section outlines the performance measures and metrics upon which service under this SLA will be assessed. Shared Service Centers and Customers will negotiate the performance metric, frequency, customer and provider service responsibilities associated with each performance measure. Measurements of the Port of Seattle activities are critical to improving services and are the basis for cost recovery for services provided. The Port of Seattle and The Northwest Seaport Alliance have identified activities critical to meeting The NWSA’s business requirements and have agreed upon how these activities will be assessed.

  • Performance Measurement Satisfactory performance of this Contract will be measured by:

  • PERFORMANCE MEASUREMENTS Upon a particular Commission’s issuance of an Order pertaining to Performance Measurements in a proceeding expressly applicable to all CLECs generally, BellSouth shall implement in that state such Performance Measurements as of the date specified by the Commission. Performance Measurements that have been Ordered in a particular state can currently be accessed via the internet at xxxx://xxxx.xxxxxxxxx.xxx. The following Service Quality Measurements (SQM) plan as it presently exists and as it may be modified in the future, is being included as the performance measurements currently in place for the state of Tennessee. At such time that the TRA issues a subsequent Order pertaining to Performance Measurements, such Performance Measurements shall supersede the SQM contained in the Agreement. BellSouth Service Quality Measurement Plan‌ (SQM) Tennessee Performance Metrics Measurement Descriptions Version 2.00 Issue Date: July 1, 2003 Introduction

  • Performance Metrics In the event Grantee fails to timely achieve the following performance metrics (the “Performance Metrics”), then in accordance with Section 8.4 below Grantee shall upon written demand by Triumph repay to Triumph all portions of Grant theretofore funded to and received by Grantee:

  • Performance Targets Threshold, target and maximum performance levels for each performance measure of the performance period are contained in Appendix B.

  • PERFORMANCE OUTCOMES 8 A. CONTRACTOR shall achieve performance objectives, tracking and reporting Performance 9 Outcome Objective statistics in monthly programmatic reports, as appropriate. ADMINISTRATOR 10 recognizes that alterations may be necessary to the following services to meet the objectives, and,

  • Performance Criteria The Performance Criteria are set forth in Exhibit A to this Agreement.

  • Performance Levels (a) The Performance Levels which apply to the performance by the respective Parties of their obligations under this Agreement are set out in Part 1 of Schedule 5. A failure by either Party to achieve the relevant Performance Level will not constitute a breach of this Agreement and the only consequences of such failure as between the Parties shall be the consequences set out in this Clause 5.6.

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