Reconciliation of adjusted net income
(in € million) |
2019 |
2018 |
||||
|---|---|---|---|---|---|---|
|
||||||
Profit/ |
106.9 |
(83.9) |
||||
Non-cash foreign exchange impact of non-functional currency loans and realised foreign exchange impact due to refinancing |
(1.2) |
(58.8) |
||||
Amortisation of transaction costs |
2.8 |
11.0 |
||||
Net change in fair value of derivatives |
1.5 |
7.4 |
||||
Net effect of early redemption of notes |
– |
82.5 |
||||
Net effect of early repayment of term loans |
– |
56.3 |
||||
PPA depreciation and amortisation |
136.5 |
140.1 |
||||
Adjustments to EBITDA: |
|
|
||||
Replacement of share of profit or loss of joint ventures with cash dividends received from joint ventures |
5.3 |
14.8 |
||||
Restructuring costs, net of reversals |
1.8 |
4.3 |
||||
Unrealised (gain)/ |
(10.1) |
23.1 |
||||
Transaction- and acquisition-related costs |
4.3 |
19.7 |
||||
Other |
4.4 |
4.5 |
||||
Tax effect on above items |
(34.8) |
(72.1) |
||||
Adjusted net income |
217.4 |
148.9 |
||||