• Register
Return to: Home > News > Mid Tier > APM grow in popularity but still lack comparability, Mazars’s study finds

APM grow in popularity but still lack comparability, Mazars’s study finds

Following the entry into force of the ESMA Guidelines for presenting Alternative Performance Measures (APM) last July, Mazars has conducted a study of their use in the financial information of European listed entities, highlighting a growing popularity in APM but some disparity in the reporting.

Mazars analysed the financial information for the first half of 2016 and the year-end 2015 issued by all entities belonging to the Euro Stoxx 50 index. The study confirmed that APM play a key role in financial communication and that there is a consistency per segment in the indicators used, but the study showed that there are still significant differences in the content of the indicators used despite them using the same label.

“Although APM definitions are generally provided and worded clearly, APMs are often presented with more prominence than their IFRS most reconcilable indicator, especially in the press releases and in the presentations to analysts,” Mazars said in a statement.

The results of the study were presented at an event held in Milan on 29 November and the presentation was followed by a round table discussion.

Alternative Performance Measures (APM) base of international study is in the financial information of European listed firms after the entry into force of the ESMA Guidelines. “The discussion confirmed that, considering their relevance and widespread use in financial communication, APMs will continue to play a role and, accordingly, standard-setters and supervisory authorities have in front of them a journey to undertake,” Mazars said in a statement.

Top Content

    Time pressure: Facing up to mental health

    In an ‘always on’ culture, it is becoming increasingly difficult to manage a healthy work-life balance. While companies are beginning to address this problem by introducing different support systems, Joe Pickard finds more could be done to ensure the wellbeing of the professions workforce.

    read more

    Venezuela: the race for the dollar

    With a new currency following hyperinflation, large sections of the population emigrating to neighbouring countries, an economy on the brink of collapse and no apparent solution coming from the government, Jonathan Minter finds a profession struggling to stay afloat in Venezuela.

    read more

    Brazil: transparency and control

    Brazilian accountants have an optimistic view of the impact of more-regular reporting and the implications of audit controversies for the profession. Paul Golden reports.

    read more

    Argentina: looking for a clearer view

    The Argentine accounting profession continues to grapple with the impacts of a weak economy and a culture of financial corruption. Paul Golden takes a closer look.

    read more

    Blockchain: adapting to disruptive tech

    In the relatively few years since digital currencies first began using blockchain technology, the array of potential applications has grown significantly – and continues to expand. Dan Balla, Matthew Schell and Dave Uhryniak from Crowe look at how it impacts accountancy.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.