MTO 2.44% $1.00 motorcycle holdings limited

I thought the EBITDA excludes the depreciation on right of use...

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    I thought the EBITDA excludes the depreciation on right of use assets.
    https://hotcopper.com.au/data/attachments/6266/6266872-8a9df02128b6c69d7b39298a13e0d0b7.jpg
    My understanding was Underlying EBITDA was $14.2 million under this measure for the 1st half of year, not $21.8 million. The $21.8 million figures includes the depreciation on right of use assets.

    https://hotcopper.com.au/data/attachments/6266/6266857-d7a2ac7fc7395b5208c8aea57c5942be.jpg

    If so, the 2nd result is only slightly down on the 1st half....
 
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