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What is an APM? An APM is a numerical measure of an issuer’s current, historical or future financial performance, financial position or cash flow that is not a GAAP measure. • Any ‘adjusted’ earnings measure, however described • Any other measure based on ‘adjusted’ earnings, such as adjusted margin or adjusted earnings per share
ESMA’s Guidelines define an APM as “a financial measure of historical or future financial performance, position or cash flows of an entity which is not a financial measure defined or specified in the applicable financial reporting framework”.
Although performance measures may have various names, including non-GAAP (or non-IFRS) measures and Management Performance Measures (MPMs), this publication refers to all such performance measures as Alternative Performance Measures (APMs).
6 Σεπ 2022 · This includes a definition and delimitation of APMs (Sect. 2.1), a short discussion of the economic explanations for voluntary APM disclosures (Sect. 2.2) and a brief outline of the regulatory requirements for APM reporting in the U.S. and in Europe (Sect. 2.3).
25 Οκτ 2018 · This publication explores the guidelines and requirements for Alternative Performance Measures and their use in the communication of financial information in and outside financial statements. It draws on current practice and real life examples.
Alternative performance measures. Audit Committee Institute. From adjusted EBIT, to like-for-like sales, non-GAAP alternative performance measures (APMs) can provide valuable information on a company’s performance. This year, new requirements put the focus on transparency of APM reporting.
Below is an example of an APM disclosure: To provide shareholders with additional insight into the performance of the business, an adjusted measure of profit (underlying profit before tax) is provided to supplement the numbers that have been presented in accordance with IFRS Accounting Standards.
