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Lernen beginnen
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What is included in the Opex Lernen beginnen
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Project costs, Normal Costs, Expense that go into day-to-day running of the business
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Lernen beginnen
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Lernen beginnen
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Costs that go into building an asset
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Lernen beginnen
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costs booked that are deferrable as part of an investment
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Lernen beginnen
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costs booked that are non-deferrable and sit in the P&L
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Is Capex included in EBITDA? Lernen beginnen
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Difference between Above the line and Below the line Lernen beginnen
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Above the line - everything that you are measured on. For General Manager, above the line means everything including EBITDA
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What is Below the line for General Manager? Lernen beginnen
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Interest, Tax, Depreciation, Amortisation
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What do you do with costs to create a capital asset Lernen beginnen
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They are moved off the P&L onto the balance sheet to create a capital asset
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Where amortisation shows up in the P&L Lernen beginnen
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When software become an asset? Lernen beginnen
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When it can be sold to a client. Or, when it can be used internally to improve efficiency of an internal process.
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What capitalised costs are? Lernen beginnen
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are used to create an asset - this is typically a software asset for sale to clients or improving internal process and efficiency
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Example of tangible asset Lernen beginnen
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Infrastructure in the building. Cables, server, routers etc.
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What does that mean, that costs are deferrable? Lernen beginnen
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I think it is amortisation in the future?
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Can all costs related to building an asset be deferrable? Lernen beginnen
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Not everything can, but what exactly can is beyond the scope of this training.
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Lernen beginnen
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A business case needs to be approved. The asset needs to be technically viable. Only certain activities and costs can be capitalised.
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difference between depreciation and amortisation Lernen beginnen
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depreciation - for tangible assets, amortisation - for intangible assets e.g. software
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What happens with assessments when you are building the project? Lernen beginnen
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People who work on building software will contribute to assesment credit, but this cost will not show up in assessment debit. It will rather show up later below the line as an amortisation
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When the software that we are building be amortised? Lernen beginnen
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Once an asset starts commercial launch or is useable, costs are amortised back into the P&L. But, it will be below EBITDA
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