On slide 12 another underlying EBITDA is stated as ‘pre AASB 16’ at $12.7 million. I suspect this is the true underlying EBITDA; deducting normal rent costs. This is the number that should be made prominent!
I understand your point of view. Last year I was re-working EBITDA to include the right-of-use asset depreciation above the EBITDA line but I gave up as nobody else is doing that. All companies that I've observed list total depreciation below the line i.e. include right-of-use assets as part of depreciation.
AHX Price at posting:
93.5¢ Sentiment: None Disclosure: Not Held
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