Glossary of terms – other terms continued
Other terms
Definition and usage
Gross profit
Gross profit is revenue less direct costs of sale. It excludes costs considered to be overheads that are supporting the business as a whole as opposed to a specific revenue item.
Gross margin %/GM %
Calculated as gross profit divided by revenue from continuing activities.
HMRC
Her Majesty’s Revenue & Customs, the tax collecting authority of the UK.
IAS or IFRS
An International Accounting Standard or International Financial Reporting Standard, as issued by the International Accounting Standards Board (IASB). IFRS is also used as the term to describe international generally accepted accounting principles as a whole. Financial Statements are prepared in accordance with IFRS as adopted by the EU. Items that the Directors consider to be material in nature, scale or frequency of occurrence that need to be excluded when calculating some non-GAAP performance measures in order to allow users of the Financial Statements to gain a full understanding of the underlying business performance. See Note 5 for further information.
Individually Significant Items
KPMG
The Company’s external auditor, KPMG LLP.
LTIP
Long Term Incentive Plan established to align the interests of senior and Executive management with those of shareholders. The plan is formally known as the NCC Group Long Term Incentive Plan 2013 (approved by shareholders in 2013).
MD
Managing Director.
MDR
Managed Detection and Response.
Net debt 1
Total borrowings offset by cash and cash equivalents.
Ordinary shares
Voting shares entitling the holder to part ownership of a company.
SAYE/Sharesave
Save As You Earn, being a tax efficient scheme to encourage colleague share ownership.
Software Resilience
Software Resilience represents our Escrow resilience services.
Subsidiary
A company or other entity that is controlled by NCC Group.
TSC
Technical Security Consulting.
TSR
Total shareholder return, which is share price growth plus dividends reinvested (where applicable) over a specified period of time, divided by the share price at the start of the period.
190
NCC Group plc — Annual report and accounts for the year ended 31 May 2021
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