What does the cryptic crossword clue "After restructuring, modernisation is excluded for figure below the line (11)" mean?

The definition is "figure below the line". The wordplay uses an anagram. anagram of MODERN (synonym="MODERN") + ATION (synonym="excluding ‘is’") = DENOMINATOR; definition: "figure below the line" The answer is DENOMINATOR.

After restructuring, modernisation is excluded for figure below the line (11)

Times Cryptic #28811 | 9 Across | 2024-01-12 flower

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