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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.