Introduction
This recommendation contains several proposals to encourage European listed companies which decide to provide the financial markets with alternative performance measures to do so in a way that is appropriate and useful for investor’s decision making. These proposals are relevant since the traditional mandatory formats for consolidated financial statements do not hold due to the Regulation (EC) No 1606/2002 of the European parliament and of the Council of 19 July 2002 on the application of international accounting standards. This recommendation is expected to reinforce market confidence on financial information released by listed companies. This recommendation was essentially inspired by the experience of CESR members in the supervision and enforcement of financial reporting on financial markets.
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