The adjustments that Temenos makes to IFRS figures to reach non-IFRS figures are as follows:
Deferred revenue write-down
Adjustments made resulting from acquisitions
Discontinued operations at Temenos that do not qualify as such under IFRS
Acquisition related charges
Relates mainly to advisory fees and integration costs
Amortisation of acquired intangibles
Amortisation charges as a result of acquired intangible assets
Costs incurred in connection with a restructuring plan implemented and controlled by management
Severance charges, for example, would only qualify under this expense category if incurred as part of a companywide restructuring plan
Adjustments made to reflect the associated tax charge relating to the above items
It should be cautioned that the supplemental non-IFRS information presented by Temenos is subject to inherent limitations. It is not based on any comprehensive set of accounting rules or principles and should not be considered as a substitute for IFRS measurements.
Also, Temenos’ supplemental non-IFRS financial information may not be comparable to similarly titled non-IFRS measures used by other companies.