EBITDA (earnings before interest, taxes, depreciation, amortization, impairment and disposal) presents the Group’s key measure of earnings performance. The level of EBITDA measures the Group’s ability to generate cash from recurring operations. The Group defines EBITDA as operating profit adjusted by depreciation, amortization, impairment and disposal. EBITDA is not an IFRS EU measure, and as such can be calculated differently by other entities.
|for the year ended|
|31 December 2013||31 December 2012|
|Net profit for the period||525,445||598,298|
|Gain/loss on investment activities, net||(16,058)||(14,353)|
|Share of the profit of jointly controlled entity accounted for using the equity method||(2,924)||(2,897)|
|Depreciation, amortization, impairment and disposal*||256,416||243,066|
* Depreciation, amortisation, impairment and disposal comprise depreciation and impairment of property, plant and equipment, amortisation and impairment of intangible assets and net book value of disposed property, plant, equipment and intangible assets (excluding amortization of programming assets)