Adjusted (recurring) EBIT
Operating profit adjusted for impairment charges, restructuring expenses, and other income and expenses.
Adjusted (recurring) EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization charges)
Operating profit adjusted for amortization, depreciation, impairment charges, restructuring expenses and other income and expenses.
Constant exchange rates
Cash generating unit
Core EPS/Core earnings per share
Profit attributable to UCB shareholders, adjusted for the after-tax impact of non-recurring items, the financial one-off items, the non-recurring income taxes, the after-tax contribution from discontinued operations and the after-tax amortization of intangibles linked to sales, divided by the non-dilutive weighted average number of shares.
Cimzia®, Vimpat®, Keppra®, Briviact® and Neupro®
The Corporate Performance Multiplier is one of the 2 multipliers defining the bonus payout. It is based on the company’s meeting corporate targets.
Deferred tax asset
EBIT/Earnings Before Interest and Taxes
Operating profit as mentioned in the consolidated financial statements
EMA/European Medicines Agency
Agency responsible for the evaluation of medicinal products designed to protect and promote human and animal health. www.emea.europa.eu
Earnings per share
Portfolio of 150 post-patent, high-quality medicines, with proven value for patients and doctors since many years
‘Extra-financial’ is the term used by UCB for information commonly referred to as ‘non-financial’
FDA/U.S. Food and Drug Administration
Agency within the U.S. Department of Health and Human Services is responsible for protecting and promoting the nation’s health www.fda.gov
Fair value through other comprehensive income
Financial assets at FVPL
Financial assets to be measured subsequently at fair value through profit or loss
Financial assets at FVOCI
Financial assets to be measured subsequently at fair value through other comprehensive income
Financial one-off items
Gains and losses arising upon the sale of non-current financial assets (other than derivatives and reimbursement rights with respect to defined benefit plans) as well as impairment losses accounted for on these financial assets are considered as financial one-off items.
Financial Risk Management Committee
Global Reporting Initiative
An international independent standards organization that helps businesses, governments and other organizations to understand and report the most important social, environmental and governance aspects raised by internal and external stakeholders
Individual Performance Multiplier, one of the 2 multipliers defining the bonus payout. It considers a combination of individual results achieved and behaviors demonstrated.
Kremers Urban, specialty generic pharmaceutical company in the U.S., divested in November 2015
Long-Term Incentives aim at motivating and retaining key talent over a period of at least 3 years. They align employee rewards with company and patient goals, providing increased financial benefits as the company grows. At UCB, this includes Stock Awards, Stock Options and Performance Shares.
The amount a shareholder of UCB will receive after principal deduction of Belgian withholding tax, which is currently 30%. Lower withholding tax rates may be applicable for certain categories of investors.
Net financial debt
Non-current and current borrowings, bonds and bank overdrafts less available for sale debt securities, restricted cash deposit with respect to financial lease agreements, cash and cash equivalents
Other comprehensive income
Pharmacy Benefit Manager
Primary generalized tonic-clonic seizures
PMDA/Pharmaceuticals and Medical Devices Agency
Japanese regulatory agency in charge of protecting the public health by assuring safety, efficacy and quality of pharmaceuticals and medical devices. http://www.pmda.go.jp/english
Partial onset seizures, also known as focal seizures
Performance Share Plan which awards a grant of UCB common stock to qualifying executives. The awards vest three years after grant, pending certain conditions, including meeting pre-established companywide targets.
Right of use asset
SBTi – Science Based Targets initiative
The Science Based Targets initiative (SBTi) is a joint initiative by the United Nations, the Carbon Disclosure Project, the World Resources Institute and the World Wide Fund for Nature (WWF). It supports organizations with setting climate targets in line with the COP21 climate summit in Paris.
Sustainable Development Goals
Collection of 17 global goals set by the United Nations General Assembly in 2015 defined as a call to action to end poverty, protect the planet and ensure that all people enjoy peace and prosperity
Weighted average number of ordinary shares
Number of ordinary shares outstanding at the beginning of a given period, adjusted by the number of shares bought back or issued during the period, multiplied by a time-weighting factor
Includes inventories, trade and other receivables and trade and other payables, both due within and after 12 months.