Annual Report 2019 Home Annual Report 2019 1. Stock Spirits Group uses alternative profit measures as key financial indicators to assess underlying performance of the Group. These include Adjusted EBITDA, Adjusted free cashflow and Adjusted basic EPS. For the proforma comparative numbers see page 59. The narrative in the Annual Report and Accounts includes these alternative measures and an explanation is set out in note 7 of the Financial Statements on page 143 2. Leverage is the net debt divided by the Adjusted EBITDA for the period. For 2018 this is the net debt as per note 30 (page 167) of the Notes to the Financial Statements as at 30 September 2018, divided by the proforma 12 months Adjusted EBITDA for the 12 months to 30 September 2018 as per page 63 Select your relevant sections and create your custom Annual Report Select All Front cover Back cover Strategic review Highlights Group at a glance Our markets Our business model Our strategy Key performance indicators Principle risks and uncertainties Chief Executive's statement Regional reviews - Poland Regional reviews - Czech Republic Regional reviews - Italy Regional reviews - Other Non-financial information statement Stakeholder engagement Responsible business report Financial review Proforma consolidated income statement Notes to the proforma consolidated income statement (unaudited) Governance Board of Directors Corporate governance framework Audit Committee report Nomination Committee report Directors' remuneration Directors' report Statement of Directors' responsibilities Independent auditor's report Independent auditor's report Financial statements Consolidated financial statements Notes to the consolidated financial statements Parent company financial statements Notes to the parent company financial statements Shareholders' information Shareholders' information Useful Links BACK