Brambles 2006 Annual Report - Alle jaarverslagen

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Brambles
2006 Annual Report
GLOSSARY
AGAAP
AIFRS
ASX
Average Capital Invested (ACI)
BIL
BIP
Black Scholes
Brambles, Brambles Group or Group
BVA
Capital Invested (CI)
Combined Code
Comparable operating profit (COP)
Constant currency
Continuing operations
Corporate Audit
CSR
Discontinued operations
DLC
DMS
DPS
EPS
Exceptional items
Free cash flow (FCF)
FX
IFRS
LSE
LTIFR
LTISR
LTIP
Generally accepted accounting principles in Australia.
Australian Equivalents to International Financial Reporting Standards.
Australian Stock Exchange Limited.
Average Capital Invested is calculated as a 12 month average of Capital Invested
(CI – see definition below).
Brambles Industries Limited.
Brambles Industries plc.
A common method of valuing options.
BIL and BIP and all of their subsidiary undertakings.
Brambles Value Added (BVA) is the value generated by a business over and above the
cost of the capital it uses to generate that value. BVA is denominated in US dollars using
Brambles’ IFRS results translated at June 2005 fixed exchange rates.
It is calculated as comparable operating profit (COP – see definition below) less Average
Capital Invested (ACI – see definition above) after adding back accumulated net pre-tax
special items, multiplied by Brambles’ weighted average pre-tax cost of capital, or WACC
(currently 12%).
BVA = COP – (ACI (adjusted) x WACC).
(Certain minor adjustments to BVA are also made in accordance with the scheme rules
and subject to the approval of Brambles’ Chief Financial Officer.)
Net assets before tax balances, cash, borrowings and accrued finance costs, but after
adjustment for accumulated net pre-tax special items, actuarial gains or losses and net
equity adjustments for equity-settled share-based payments.
A set of corporate governance principles and a detailed code of best practice.
Profit before special items, finance costs and tax. COP includes share of profits after tax
of joint ventures and associates.
Constant currency relative performance is calculated by translating both current period and
comparable period results into US dollars at the actual monthly exchange rates applicable
during the comparable period. Its purpose is to show relative performance between
periods before the translation impact of currency fluctuations.
Excludes operations which have been divested or which are held for sale.
Internal audit.
Corporate Social Responsibility.
Operations which have been divested or which are held for sale.
Dual-listed companies structure – a contractual arrangement between two companies
under which they operate as if they were a single economic enterprise, while retaining
their separate legal identities, tax residencies and stock exchange listings.
Document Management Solutions, a Recall service line.
Data Protection Services, a Recall service line.
Earnings per share.
See Special items.
Cash flow generated after net capital expenditure, finance costs and taxation but
excluding the net cost of acquisitions and proceeds from business disposals.
Foreign Exchange.
International Financial Reporting Standards. In prior years, Brambles reported results
under both UK GAAP and AGAAP.
London Stock Exchange.
Lost time injury frequency rate.
Lost time injury severity rate.
Long term incentive plan.