1.0Informe Anual Integrado 2018https://informeanualintegrado2018.ferrovial.com/en/Alvaro Fernandezhttps://informeanualintegrado2018.ferrovial.com/en/author/admmemoria/rich600338<blockquote class="wp-embedded-content" data-secret="pS1zYtmnuS"><a href="https://informeanualintegrado2018.ferrovial.com/en/appendix/alternative-performance-measures-apm/">Alternative Performance Measures (APM)</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://informeanualintegrado2018.ferrovial.com/en/appendix/alternative-performance-measures-apm/embed/#?secret=pS1zYtmnuS" width="600" height="338" title="“Alternative Performance Measures (APM)” — Informe Anual Integrado 2018" data-secret="pS1zYtmnuS" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript"> /* <![CDATA[ */ /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); /* ]]> */ </script> https://static-iai.ferrovial.com/wp-content/uploads/sites/4/2019/02/03115203/anexos-img_8501-ret.jpg20001333The company presents its results in accordance with generally accepted accounting standards (IFRS). The management also uses the Management Report and the Consolidated Annual Accounts to provide other financial measures not regulated in the IFRS and known as APMs (Alternative Performance Measures) in accordance with the Guidelines of the European Securities and Markets Authority (ESMA). Management relies on these APMs for decision-making and for evaluating the company’s performance. Below we break down the information required by the ESMA for each APM, including definition, reconciliation, purpose, benchmarks and consistency. More detailed information can be found on the corporate website.