Investor Relations

IFRS vs Non-IFRS

Temenos reports its results using both IFRS and non-IFRS measures as well as providing a reconciliation between the two.

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 activities

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

Restructuring

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

Taxation

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.