Glossary of terms – other terms
Other terms
Definition and usage
Code
Guidance, issued by the Financial Reporting Council in 2016 and updated in 2018, on how companies should be governed, applicable to UK-listed companies including NCC Group plc. Any result described as adjusted excludes the impact of Individually Significant Items, and any tax on any of these items. Adjusted earnings is defined as statutory earnings before amortisation of acquisition intangibles, Individually Significant Items and the share-based payments charge, net of the tax effect of these items.
Adjusted
Adjusted earnings
Adjusted operating profit margin 1
Calculated as Adjusted operating profit divided by revenue from continuing activities.
AGM
Annual General Meeting of shareholders of the Company held each year to consider ordinary and special business as provided in the Notice of AGM. An Alternative Performance Measure (which is denoted in each case or use thereof by a footnote) is a non-GAAP performance metric used by management either internally or externally to present management’s view of the underlying business performance. They are not superior to GAAP-based measures and are simply an alternative way of looking at performance. See Note 3 for further information.
Alternative Performance Measure (APM)
Board
The Board of Directors of the Company (for more information see pages 74 and 75).
Cash conversion ratio 1
Calculated as cash generated from operating activities before interest and taxation divided by Adjusted EBITDA 1 , expressed as a percentage.
CDO
Cyber Defence Operations.
CEO
Chief Executive Officer.
CFO
Chief Financial Officer.
CISO Chief Information Security Officer. Company, Group, NCC, we, our or us We use these terms, depending on the context, to refer to either NCC Group plc, the individual Company, or to NCC Group plc and its subsidiaries collectively. CPO Chief People Officer. CTO Chief Technology Officer. Directors/Executive Directors/ Non-Executive Directors The Directors/Executive Directors and Non-Executive Directors of the Company whose names are set out on pages 74 and 75 of this report. EBIT Earnings before interest and tax. EBIT margin % EBIT margin % is calculated as follows: Adjusted EBIT divided by revenue. EBITDA Earnings before interest, tax, depreciation and amortisation. Calculated as operating profit before Individually Significant Items and adding back depreciation and amortisation charged. EBITDA margin % EBITDA divided by revenue. EPS Earnings per share. Profit for the year attributable to equity shareholders of the Parent allocated to each ordinary share. FCA Financial Conduct Authority. Financial year For NCC Group this is an accounting year ending on 31 May. FRC Financial Reporting Council. Free cash flow Net cash from operating activities less net capital expenditure. FRS A UK Financial Reporting Standard as issued by the UK Financial Reporting Council (FRC).
NCC Group plc — Annual report and accounts for the year ended 31 May 2021
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