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On 28 February 2024, it was proposed that this article be moved to FCC Group (Fomento de Construcciones y Contratas). The result of the discussion was Moved to FCC Group. |
The result of the move request was: Moved to FCC Group. As laid out in Wikipedia:Acronym (name) and suggested as an alternative as well. – robertsky ( talk) 14:39, 6 March 2024 (UTC)
Fomento de Construcciones y Contratas → FCC Group (Fomento de Construcciones y Contratas)
– * What do you think about transferring this page to FCC Group or FCC (Fomento de Construcciones y Contratas)?
If I am not mistaken, right now Fomento de Construcciones y Contratas is an entity within the FCC Group, which manages, among other things, its corporate website, portal, etc. - View Trademark Registration
- In its own web site it indicates the history of the company and how it changed its name to FCC Group. — Preceding unsigned comment added by Saranavas90 ( talk • contribs) 12:59, 28 February 2024 (UTC)
FCC Group (Fomento de Construcciones y Contratas)entirely, instead it is just "FCC Group", which is free to use. Dank Jae 15:12, 28 February 2024 (UTC)
It appears that for internal accounting purposes FCC uses a measure of operating profit which ignores depreciation and amortisation and which it refers to as "gross operating profit". This measure generated a result of €1,311.4 million for the year ended 31 December 2022. However the method used by FCC fails to comply with Financial Reporting Standard 102 which says in respect of operating profit "Similarly, it would be inappropriate to exclude items on the grounds that they do not involve cash flows, such as depreciation and amortisation expenses". See here. The audited financial statements quite correctly comply with FRS 102 and disclose a reduced amount for operating profit of £610.5 million, which takes into account depreciation and amortisation expenses (see Annual Report page 274). I have therefore shown £610.5 million (per the audited financial statements) in the infobox. Dormskirk ( talk) 14:00, 28 February 2024 (UTC)
As explained above, it appears that for internal accounting purposes FCC uses a measure of operating profit which ignores depreciation and amortisation and which it refers to as "gross operating profit". This generated a result of €1,529.6 million for the year ended 31 December 2023. As already explained above this fails to comply with Financial Reporting Standard 102. The audited financial statements quite correctly comply with FRS 102 and disclose a reduced amount for operating profit of £910.3 million, which takes into account depreciation and amortisation expenses (see Annual Results page 16). I had therefore shown £910.3 million (per the audited financial statements) in the infobox on the "operating profit" line. Saranavas90, for some reason continues to insert the "gross operating profit", rather than the "operating profit" as defined by Financial Reporting Standards. Dormskirk ( talk) 11:16, 15 March 2024 (UTC)
This article is rated Start-class on Wikipedia's
content assessment scale. It is of interest to the following WikiProjects: | ||||||||||||||||||||||||||||
|
On 28 February 2024, it was proposed that this article be moved to FCC Group (Fomento de Construcciones y Contratas). The result of the discussion was Moved to FCC Group. |
The result of the move request was: Moved to FCC Group. As laid out in Wikipedia:Acronym (name) and suggested as an alternative as well. – robertsky ( talk) 14:39, 6 March 2024 (UTC)
Fomento de Construcciones y Contratas → FCC Group (Fomento de Construcciones y Contratas)
– * What do you think about transferring this page to FCC Group or FCC (Fomento de Construcciones y Contratas)?
If I am not mistaken, right now Fomento de Construcciones y Contratas is an entity within the FCC Group, which manages, among other things, its corporate website, portal, etc. - View Trademark Registration
- In its own web site it indicates the history of the company and how it changed its name to FCC Group. — Preceding unsigned comment added by Saranavas90 ( talk • contribs) 12:59, 28 February 2024 (UTC)
FCC Group (Fomento de Construcciones y Contratas)entirely, instead it is just "FCC Group", which is free to use. Dank Jae 15:12, 28 February 2024 (UTC)
It appears that for internal accounting purposes FCC uses a measure of operating profit which ignores depreciation and amortisation and which it refers to as "gross operating profit". This measure generated a result of €1,311.4 million for the year ended 31 December 2022. However the method used by FCC fails to comply with Financial Reporting Standard 102 which says in respect of operating profit "Similarly, it would be inappropriate to exclude items on the grounds that they do not involve cash flows, such as depreciation and amortisation expenses". See here. The audited financial statements quite correctly comply with FRS 102 and disclose a reduced amount for operating profit of £610.5 million, which takes into account depreciation and amortisation expenses (see Annual Report page 274). I have therefore shown £610.5 million (per the audited financial statements) in the infobox. Dormskirk ( talk) 14:00, 28 February 2024 (UTC)
As explained above, it appears that for internal accounting purposes FCC uses a measure of operating profit which ignores depreciation and amortisation and which it refers to as "gross operating profit". This generated a result of €1,529.6 million for the year ended 31 December 2023. As already explained above this fails to comply with Financial Reporting Standard 102. The audited financial statements quite correctly comply with FRS 102 and disclose a reduced amount for operating profit of £910.3 million, which takes into account depreciation and amortisation expenses (see Annual Results page 16). I had therefore shown £910.3 million (per the audited financial statements) in the infobox on the "operating profit" line. Saranavas90, for some reason continues to insert the "gross operating profit", rather than the "operating profit" as defined by Financial Reporting Standards. Dormskirk ( talk) 11:16, 15 March 2024 (UTC)