Investor Presentaiton
Reconciliation of UPBT to Statutory result
Costs associated with: workforce reduction program (redundancies), fleet simplification, one-off Velocity acquisition costs, and write-offs associated with
property, plant and equipment no longer in use totalling $113.1 million
$50m
Virgia
australia
group
For personal use only,
$0m
($50m)
24.5
($100m)
1H20 Underlying
Profit Before Tax
(12.1)
(28.8)
Redundancy costs
Fleet simplification
and other
transformation costs
(26.8)
(31.6)
(8.8)
(2.0)
(3.0)
(88.6)
Velocity Acquisition Write off of property,
costs and associated plant and equipment
employee payments
Accelerated
Depreciation
Unrealised
ineffectiviness
Foreign Exchange
1H20 Statutory
Loss after Tax
Virgin Australia Group has implemented AASB 16 Leases from 1 July 2019 using the modified retrospective approach. Under this approach, prior year comparative information has not been restated. Year on year changes and commentary have been based on pre-AASB 16 information ("pre-AASB 16") to allow for comparison. This page contains Non-
Statutory measures which are defined on slide 23
Virgin Australia Group results H1 FY20| 13View entire presentation