The Castaway P&L report includes inbuilt lines that calculate total earnings values, such as EBITDA and EBIT. However, some users may not require these lines for reporting or may need to adjust the calculated values to better suit their reporting needs.
Understanding EBITDA and EBIT in Castaway
All income and expenses are included in the EBITDA calculation, except for the following expenses:
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Dividend paid
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Income Tax
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Interest Paid and Received (if using the inbuilt interest line in Loan, Bank, or Debtor or Inventory finance elements)
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Depreciation/Amortization (if using the inbuilt depreciation/amortisation expense in the Fixed Asset element)
For EBIT, all income and expenses are included except for:
- Interest
- Income Tax
Choosing Not to Report EBIT or EBITDA
If you prefer not to display the EBIT or EBITDA lines in the P&L report, you can easily hide them. Here's how:
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Open your report in Castaway.
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Click on the "Edit Rows" button located on the top left (blue tab).
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Locate the EBIT or EBITDA line in the list.
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Click the eye icon next to the EBIT or EBITDA line to hide it from the report.
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Close the editor and save the report.
Creating a Custom EBIT or EBITDA Line
If you wish to customise the EBIT or EBITDA calculation by excluding specific items, you can create a custom formula. Here's how:
- Create a custom formula for EBIT or EBITDA, excluding any items you don't want to include, For example, Custom EBITDA = Inbuilt EBITDA - [Expense Item]
To learn more about using custom formulas in reports, refer to Formulas in Reports – Castaway Help Centre
Note:
Currently, custom formulas appear only at the top of the report and cannot be moved to other sections. However, you may consider exporting the report to Excel to reposition the EBITDA line as needed.