Alternativní měřítka výkonnosti v účetních závěrkách evropských výrobních podniků

With an increasing number of investments across the globe, the reporting of alternative performance measures has become a common part of companies' financial statements and annual reports. Adjusted performance measures are reported by companies in order to provide a better and more credible representation of their results. These results are adjusted for non-standard items that are not directly related to the core business and core business of the company. With the increasing number of reporting of these measures, a debate has started on whether the reporting of adjusted figures is consistent with transparency and a true picture of a company's performance. As a result, regulatory and reporting bodies such as the European Securities and Markets Authority have started to issue guidance on how to adjust the reporting of these alternative performance measures. The aim is to harmonise reporting so that these metrics can be compared between companies and so that the process of adjusting these metrics can be understood. The aim of this paper is to summarize the most important information in the field of alternative measures of corporate performance. To describe the most important regulations related to this topic and to map the occurrence of alternative performance measures in financial statements and annual reports of manufacturing companies. The sample consists of 43 companies listed in the Stoxx Europe 600 index. The companies are included in the Industrial Goods & Services sector with a financial year end in 2022. The results of the research confirmed that alternative measures are widely used by companies, but their naming and calculation varies across companies. The most common alternative measure in financial statements is operating profit. The most common adjustments in the calculation of alternative performance measures are related to business combinations and acquisitions.