Annual Report 2017

Jargon buster

ASX
Australian Securities Exchange
EBITDA
Probably the best accounting acronym, and means earnings before interest, tax, depreciation, amortisation and impairment
F15
The financial year for the 12 months to 30 June 2015
F16
The financial year for the 12 months to 30 June 2016
F17
The financial year for the 12 months to 30 June 2017
FTE
A full-time equivalent is a way to measure the workload of one person
GMS
Gross Merchandise Sales. The total value of items sold on Trade Me.
IPO
An "initial public offering" is selling shares in a company to the public
Jargon
Technical words and acronyms that drive readers crazy and often need explaining
Kevin
The kiwi who stars in the Trade Me logo and famously dresses up on the homepage in various guises
Net operating profit
This number excludes one-off gains in F17 and an impairment charge in F16
NPAT
Net profit after tax
NZX
New Zealand Stock Exchange
OneHub
Our online portal for Real Estate agents to create their profile and effectively monitor their listings
Pre-associate
We part-own associated company Harmoney, a peer-to-peer lender
TME
Trade Me's stock ticker
Trade Me
In this report, this generally refers to the company called Trade Me Group Limited, as opposed to the marketplace website called www.trademe.co.nz