Ifrs

Investors are encouraged to review the related IFRS financial measures and the reconciliations of these non-IFRS measures to their most directly comparable IFRS financial measures.

Just to give you an idea, we had to hire 13 temporary people just for IFRS 16 just to be able to deliver that and that's on top of IFRS 9 and IFRS 15 that are also there.

Non-IFRS measures do not have a standardized meaning under IFRS and may not be comparable to similar financial measures disclosed by other companies.

The Company uses other financial measures, the presentation of which is not meant to be a substitute for other subtotals or totals presented in accordance with IFRS, but rather should be evaluated in conjunction with such IFRS measures.

The non-IFRS measures have limitations as analytical tools and you should not consider them in isolation or as a substitute for an analysis of our results under IFRS as issued by the IAB.

The realized price measure is intended to provide additional information, and does not have any standardized definition under IFRS and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.

Turning now to IFRS 17. As we have said many times before, IFRS is not our primary reporting framework.

Adjusted EBITDA does not have any standardized meaning as prescribed by IFRS and therefore, is considered a non-IFRS measure and may not be comparable to similar measures presented by other issuers.

In addition to MoneyHero Group’s results determined in accordance with IFRS, MoneyHero Group believes that the key performance metrics above and the non-IFRS measures below are useful in evaluating its operating performance.

These non-IFRS financial measures are a supplement to and not a substitute for or superior to, the Company's results presented in accordance with IFRS.

I mean IFRS, it's -- by January next year, when all the disclosing regulation is implemented in Chile, I would say that by January 2021, we will be fully IFRS, except for credit losses provisioning.

The presentation of non-IFRS financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with IFRS.

The Company has provided these non-IFRS financial measures in this news release as supplemental information and in addition to the financial measures that are calculated and presented in accordance with IFRS.

EXFO forecasts IFRS sales between for the first quarter of fiscal 2019; the company anticipates that IFRS sales will be reduced by to account for the acquisition-related fair value adjustment of deferred revenue.

In addition to reported IFRS measures, industry practice is to evaluate real estate entities giving consideration to certain non-IFRS performance measures such as funds from operations, adjusted cash flows from operations and net operating income.

Non-IFRS measures do not have any standardized meanings prescribed by IFRS and may not be comparable with the calculation of similar measures used by other entities.

ASC 842 and IFRS 16 have brought about significant changes, ensuring that leases are accurately recognized and reported on the balance sheet.

As per IFRS financial statements excluding impairment adjustments.

During the call, management will also refer to certain non-IFRS measures.

For an explanation of these measures to related comparable financial information presented in the Consolidated Financial Statements prepared in accordance with IFRS, refer to the discussion below.