FY 2012 Annual Report - Orascom Development

168 Orascom Development
9. Glossary of Terms
AG
Aktiengesellschaft (abbreviation AG) is the German name for a stock
corporation.
ARR
Average Room Rate is a statistical unit often used in the lodging industry.
The ARR is calculated by dividing the room revenue (excluding services and
taxes) earned during a specific period by the number of occupied rooms.
Company
Orascom Development Holding AG.
EBIT
Earnings Before Interest and Taxes is an indicator of a company’s
profitability, calculated as total revenue minus total expenses, excluding
tax and interest. EBIT is also referred to as “Operating Earnings”,
“Operating Profit” and “Operating Income”. The indicator is also known
as Profit Before Interest and Taxes (PBIT), and is equal to the net income
with interest and taxes added back to it.
EBITDA
Earnings Before Interest, Taxes, Depreciation and Amortization is an
indicator of a company’s financial performance, calculated as total
revenue less total expenses, excluding tax, interest, depreciation and
amortization. EBITDA is essentially net income with interest, taxes,
depreciation, and amortization added back to it, and can be used to
analyze and compare profitability between companies and industries
because it eliminates the effects of financing and accounting decisions.
EDRs
Egyptian Depository Receipts.
EFSA
Egyptian Financial Supervisory Authority.
EGX
The Egyptian Exchange is one of the oldest stock markets established
in The Middle East. The origins of the Egyptian Exchange date back to
1883 when the Alexandria Stock Exchange was established, followed
by the Cairo Stock Exchange in 1903.
GOP
Gross Operating Profit means the profit of our hotel business after
deducting operating costs and before deducting amortization and
depreciation expenses. It excludes all costs related to non-hotel operations.
Group
Orascom Development Holding AG and its subsidiaries.
KPI
Key Performance Indicators are financial and non-financial metrics used to
help an organization define and measure progress toward organizational goals.
M 2
Square meter.
M 3
Cubic meter.
MBA
The Master of Business Administration is a master’s degree in business
administration.
MCDR
Misr for Central Clearing, Depository and Registry provides securities
settlement and custody services in Egypt by applying a central depositary
system, effecting central registry of securities traded in the Egyptian
capital market and facilitating securities trading on dematerialized shares.
MENA
Middle East and North Africa.
MV
Megavolt.
NAV
Net Asset Value is a term used to describe the value of an entity’s assets
less the value of its liabilities.
RevPAR
Revenue Per Available Room equals average room rate (ARR) multiplied
by average occupancy.
SESTA
Swiss Federal Act on Stock Exchanges and Securities Trading of
24 March 1995 (Bundesgesetz vom 24. März 1995 über die Börsen
und den Effektenhandel, BEHG)
SIS
SIS SegaInterSettle AG provides securities settlement and custody
services in Switzerland.
SIX Swiss Exchange
The SIX Swiss Exchange is Switzerland’s principal stock exchange and
part of the Cash Markets Division of the SIX Group. It operates several
trading platforms and is the marketplace for various types of securities.
The SIX Swiss Exchange is supervised by the Swiss Financial Market
Supervisory Authority (FINMA).
SYNCHRO
The Synchro project is a comprehensive group wide business re-engineering
project that aims to increase the company’s transparency, efficiency
and effectiveness by defining a common process landscape and business
processes that are based on leading practices across the Group.
TRevPAR
Total Revenue Per Available Room is similar to RevPAR but also takes
into account other room revenues e.g. food and beverage, entertainment,
laundry and other services.
UAE
United Arab Emirates.
UK
United Kingdom.