CERTYNEX IFRS ACADEMY

Ormeau SA publishes in its financial report an "operating profit before restructuring costs", which it regards as a management-defined performance measure (case data). What information must appear in the notes for this measure?

A reconciliation to profit for the year, with no indication of the tax effect since tax is already included in that profit, nor of the effect on non-controlling interests.

A reconciliation to revenue, the measure being an activity indicator more than a profit indicator.

A reconciliation to operating profit, with the tax effect and the effect on non-controlling interests of each item.

No reconciliation, the measure appearing in the notes and not in the statement of profit or loss.