Notes: 6. Adjusted EBITDA is calculated as profit before tax, adding back depreciation and amortisation, exchange loss/(gain), finance costs, share-based compensation expenses, and the listing expenses, and eliminating the effect of interest income, and fair value gains on completed investment properties and investment properties under construction and transaction costs relating to ARA 7. Net debt is calculated as bank and other borrowings less cash and bank balances 8. Excludes transaction costs and amortisation relating to intangible assets (net of tax) arising from the acquisition of ARA # EBITDA, Adjusted EBITDA and Core PATMI are non-IFRS measures. These measures are presented because the Group believes they are useful measures to determine the Group’s financial condition and historical ability to provide investment returns. EBITDA, Adjusted EBITDA and Core PATMI and any other measures of financial performance should not be considered as an alternative to cash flows from operating activities, a measure of liquidity or an alternative to net profit or indicators of the Group’s operating performance on any other measure of performance derived in accordance with IFRS. Because EBITDA, Adjusted EBITDA and Core PATMI are not IFRS measures, these may not be comparable to similarly titled measures presented by other companies. Refer to non-IFRS measures reconciliation in page 95 Adjusted EBITDA6 (US$ million) FY2020 FY2019 FY2021 359 1H2021 366 431 215 508 1H2022 FY2020 FY2019 FY2021 1H2021 1H2022 357 388 404 432 204 Revenue (US$ million) FY2020 FY2019 FY2021 278 1H2021 315 4108 4518 230 1H2022 Profit after Tax (US$ million) BALANCE SHEET (US$ million) Full Year Ended 31 December Six Months Ended 30 June FY2019 FY2020 FY2021 1H2021 1H2022 Total assets 6,352 7,687 9,338 8,550 16,388 Cash and bank balances 884 1,515 1,638 1,133 2,015 Bank and other borrowings 2,571 3,295 4,248 3,753 4,949 Net debt7 1,687 1,780 2,610 2,620 2,934 Net debt/total assets 26.6% 23.2% 27.9% 30.6% 17.9% FY2020 FY2019 FY2021 1H2021 1H2022 Total Segmental Result (US$ million) New Economy Development Investment Fund Management 256 132 245 633 289 148 226 663 235 199 342 777 135 97 183 415 229 288 211 727 136%* 111%* 75%* 96%* E S R G R O U P L I M I T E D I N T E R I M R E P O R T 2 0 2 2 3
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