Glossary

Available workstations

The total number of workstations in the Group (also termed Inventory). During the year, this is expressed as a weighted average. At period ends the absolute number is used

Centre contribution

Gross profit comprising centre revenues less direct operating expenses but before administrative expenses

EBITDA

Earnings before interest, tax, depreciation and amortisation

EBITDAR

Earnings before interest, tax, depreciation, amortisation and rent

Enquiries

Client enquiries about Regus products or services

Expansions

A general term which includes new business centres established by Regus and acquired centres in the year

Forward order book

The future workstation revenue already contracted with clients at a point in time

Post-tax cash return

EBITDA achieved, less the amortisation of any partner capital contribution, less tax based on the EBIT and after deducting maintenance capital expenditure

Like for like

The financial performance from centres owned and operated for a full 12 month period prior to the start of the financial year, which therefore have a full year comparative

Mature business

Operations owned for a full 12 month period prior to the start of the financial year, which therefore have a full year comparative

Occupancy

Occupied workstations divided by available workstations expressed as a percentage

Occupied workstations

Workstations which are in use by clients. This is expressed as a weighted average for the year

REVPAW

Total revenue per available workstation (Revenue/available workstations)

REVPOW

Total revenue per occupied workstation

WIPOW

Workstation income per occupied workstation