2023 Outlook & Conclusion
Glossary
Replacement Cost ("RC")
Viva Energy reports its performance on a
"replacement cost" (RC) basis. RC is a
non-IFRS measure under which the cost
of goods sold is calculated on the basis
of theoretical new purchases of inventory
instead of historical cost of inventory.
This removes the effect of timing
differences and the impact of movements
in the oil price. From 1 January 2021,
RC measures also include lease
expense, and exclude lease interest and
right-of-use amortisation, in effect
reporting RC in line with the previous
leasing standard. The financial
statements provide a reconciliation of
NPAT (RC) to NPAT (HC)
EBITDA (RC)
Profit before interest, tax, depreciation and
amortisation adjusted to remove the impact
of one-off non-cash items including:
•
•
Net inventory gain/loss
Share of net profit of associates;
gains or losses on the disposal of
property, plant and equipment; and
gains or losses on derivatives and
foreign exchange (both realised and
unrealised)
Earnings Per Share (RC)
Underlying NPAT (RC) divided by
total shares on issue
VIVA
EnergyAustralia.
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