Glossary

A / AA / A+ class
European certification given to appliances combining high performance and minimum energy consumption.
CGU (Cash Generating Unit)
The smallest identifiable group of activities that generate incoming cash flows and are largely independent of incoming cash flows from other activities or groups of activities.
Call rate
Number of service requests over total products sold.
Corporate Governance
Rules and codes of conduct disciplining the control of a company, its ownership structure and the efficiency of its management in pursuing business objectives.
Defined benefit plan
Fixed income pension scheme that a company must pay its retired employees. Fixed contribution pension scheme. The amount of income will depend on the contribution payments and on yields.
Defined contribution plan
Fixed contribution pension scheme. The amount of income will depend on the contribution payments and on yields.
EBITDA/EBIT
Earnings before interest, taxes, depreciation and amortization (gross operating margin) / Earnings before interest and taxes (operating margin).
EPS (Earning Per Share)
Net profits (losses) for the year over the number of shares in circulation.
Fair Value option
The possibility of stating at fair value certain assets and liabilities with specific characteristics.
Fair value
Price at which an asset may be traded or a liability extinguished in a free transaction between informed and consenting parties.
Financial covenant
Clauses stipulated to discipline financial events (esp. loans and credit lines).
Free cash flow
Cash flows from operating business and investment activities net of dividend payouts and capital increases.
Hedge accounting
A method that designates a hedging instrument, normally a derivative, as an offset to changes in the fair value or cash flows of a hedged item.
IAS/IFRSTM
International Accounting Standards/International Financial Reporting Standards.
Impairment test
An assessment carried out at each balance sheet reference date to search for indications that assets may have undergone lasting loss of value and to estimate recoverable values.
Refresh Last update: 09/07/2009
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