Webjet Provides JacTravel Depreciation Amortisation Update

Webjet Limited (Webjet) has become aware of an error in the depreciation and amortisation (D&A) costs in the pro forma Continuing Operations table set out in the appendix to its 1H18 Financial Results presentation released on 22 February 2018. The error has no impact on reported results or guidance.

The previous owner of JacTravel incurred a $3.1 million D&A charge in July and August 2017, immediately prior to selling the business to Webjet. This charge will not be part of JacTravel’s ongoing costs but was inadvertently included and as a result, pro forma D&A was overstated.

Reclassifying the pro forma JacTravel D&A to reflect Webjet’s ownership results in the following:

  • EBIT (before Acquisition Amortisation (AA)) up 10%
  • NPAT (before AA) up 12%
  • NPAT up 10%
  • EPS (both basic and diluted) up 10%


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