--00000000000039d4610612007c40 Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Hi Tim This is very helpful. I also have a few questions out to accounting to build the full picture and then we can discuss a good step forward. Thanks, *Diego Castaneda* Head of FP&A On Thu, Feb 22, 2024 at 5:05=E2=80=AFPM Timothy Thomas wrot= e: > Hi Team, > > I've collaborated with payroll to accurately calculate the holiday pay an= d > statutory pay for the December 25th and 26th holidays, applicable in > certain provinces. The total amount is $102,577.46. However, only $7,399 = of > this is currently reflected in the December P&L, with the remainder, > $209,138, allocated to January. > > This oversight in accrual has inadvertently caused a $102,577 discrepancy > to fall into January, adversely affecting our AEBITDA by 3.5% for the > month. This was not anticipated in our budget, and I'm concerned about th= e > potential impact on our General Managers' incentives. > > The calculations can be found here - > https://docs.google.com/spreadsheets/d/1-MRRx9mCBxhu0eUVg-t7tbr2NZJDer0IN= RlYqyuRjqo/edit?usp=3Dsharing > > Let's discuss how we can address this issue to ensure fairness and > accuracy. > > P.S. Irin Eva from payroll helped generate these figures > Thanks, > Tim > > -- > Tim Thomas > Head of Canada Division > *Please note my email has changed:* > tt@TheKey.com > (514) 591-9387 > TheKey.ca > [image: TheKey] > --00000000000039d4610612007c40 Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Hi Tim This is very helpful. I also h= ave a few questions out=C2=A0to accounting=C2=A0to build the full picture a= nd then we can discuss a good step forward. Thanks, Diego Castaneda Hea= d of FP&A On Thu, F= eb 22, 2024 at 5:05=E2=80=AFPM Timothy Thomas < tt@thekey.com > wrote: Hi Team, I've collaborated= with payroll to accurately calculate the holiday pay and statutory pay for= the December 25th and 26th holidays, applicable in certain provinces. The = total amount is $102,577.46. However, only $7,399 of this is currently refl= ected in the December P&L, with the remainder, $209,138, allocated to J= anuary. This oversight in accrual has inadvertently caused a $102,57= 7 discrepancy to fall into January, adversely affecting our AEBITDA by 3.5%= for the month. This was not anticipated in our budget, and I'm concern= ed about the potential impact on our General Managers' incentives. = The calculations can be found here -=C2=A0 https://docs.google.com/spreadsheet= s/d/1-MRRx9mCBxhu0eUVg-t7tbr2NZJDer0INRlYqyuRjqo/edit?usp=3Dsharing = Let's discuss how we can address this issue to ensure fairness and = accuracy. P.S. Irin Eva from payroll helped generate these figu= res Thanks, Tim -- = Tim Thomas Head of Canada Divisio= n Please note my email has changed: <font style=3D"font-fami= ly:A