Glossary of Terms

Term used in this annual report	International (UK or US) equivalent or brief description
Accounts payable	Creditors
Accounts receivable	Debtors
Depreciation	Amortisation
Financial statements	Accounts
Freehold	Ownership with absolute rights in perpetuity
Gain	Surplus or profit
Income	Profit
Income statement	Profit and loss account
Interest-bearing borrowings	Long-term debt or loan capital
Inventories	Stocks
Issued	Allotted
Net asset value	Book value
Net income	Attributable profit
Ordinary shares, issued and fully paid	Called-up share capital
Property, plant and equipment	Fixed assets
Retained earnings	Profit and loss account reserve
Secondary Taxation on Companies	No direct international equivalent. Tax paid on net difference between dividends received and paid.
Share capital	Ordinary shares, capital stock or common stock, issued and fully paid
Share premium	Additional paid-up capital or paid-in surplus
Shareholders' interest	Shareholders' equity
Shares in issue	Shares outstanding