Quarterly Consolidated Results
|2016 Oct-Dec||2015 Oct-Dec|
|Organic growth (*2)||+3.9%||+10.6%|
|Organic growth (*2)||+1.0%||+12.9%|
|Selling, general and administrative expenses||187,428||165,922|
|Other income (expenses)||4,176||3,117|
|Share of results of associates||1,113||1,456|
|Profit before interest and tax||54,796||58,005|
|Finance income (costs)||(3,758)||323|
|Profit before tax||51,038||58,329|
|Income tax expense||16,964||17,073|
|Profit attributable to non-controlling interests||1,502||1,765|
|Profit attributable to owners of the parent||32,572||39,490|
|Underlying operating profit (*3)||64,332||65,094|
|Reconciliation from Underlying operating profit |
to Statutory operating profit
|Amortization of M&A related intangible assets||(8,763)||(5,855)|
|Underlying net profit (*4)||49,013||53,152|
|Reconciliation from Underlying net profit|
to Statutory net profit
|Operating profit adjustments||(10,649)||(8,545)|
|Gain (loss) on revaluation of earnout liabilities|
and M&A related put option liabilities
|Related income tax expense||(10,170)||(5,754)|
Note: Net profit, Underlying net profit... Excluding attribution to non-controlling interests
|2016 Jan-Sep||2015 Jan-Sep|
*1: Turnover represents the gross amounts billable to clients handled by the Group on behalf of clients, with net of discounts, VAT and other sales-related taxes.
*2: Given the different year-ends of Dentsu in Japan and Dentsu Aegis Network previously, and the fact that Dentsu in Japan previously reported under J-GAAP, the quarterly organic gross profit growth figures for FY2014 for the Dentsu Group and Dentsu in Japan are not directly comparable to the figures for FY2015 and FY2016, which are reported on a December year-end basis under IFRS. Therefore, the FY2014 quarterly organic gross profit growth numbers for the Dentsu Group and Dentsu in Japan are not included in the table above.
*3 Underlying operating profit is a KPI to measure recurring business performance which is calculated as operating profit added with amortization of M&A related intangible assets, acquisition costs and one-off items such as impairment loss and gain/loss on sales of non-current assets.
*4 Underlying net profit (attributable to owners of the parent) is a KPI to measure recurring net profit attributable to owners of the parent which is calculated as net profit (attributable to owners of the parent) added with adjustment items related to operating profit, revaluation of earnout liabilities / M&A related put-option liabilities, tax-related, NCI profit-related and other one-off items.