|
Term
used in UK annual report
|
|
US
equivalent or definition
|
 |
| Accounts |
|
Financial
statements |
|
| Advance
corporation tax (ACT) |
|
No
direct US equivalent. Tax payable on cash dividends
treated as advance payments on the company’s UK
income tax due |
|
| Associates |
|
Equity
investees |
|
| Capital
allowances |
|
Tax
depreciation |
|
| Capital
redemption reserve |
|
Other
additional capital |
|
| Creditors |
|
Accounts
payable and accrued liabilities |
|
| Creditors:
amounts falling due within one year |
|
Current
liabilities |
|
| Creditors:
amounts falling due after more than one year |
|
Long-term
liabilities |
|
| Debtors:
amounts falling due after more than one year |
|
Other
non-current assets |
|
| Employee
share schemes |
|
Employee
stock benefit plans |
|
| Employment
costs |
|
Payroll
costs |
|
| Finance
lease |
|
Capital
lease |
|
| Financial
year |
|
Fiscal
year |
|
| Fixed
asset investments |
|
Non-current
investments |
|
| Freehold |
|
Ownership
with absolute rights in perpetuity |
|
| Gearing |
|
Leverage |
|
| Inland
calls |
|
Local
and long-distance calls |
|
| Interests
in associates and joint ventures |
|
Securities
of equity investees |
|
| Investment
in own shares |
|
Treasury
shares |
|
| Loans
to associates and joint ventures |
|
Indebtedness
of equity investees not current |
|
| Net
asset value |
|
Book
value |
|
| Operating
profit |
|
Net
operating income |
|
| Other
debtors |
|
Other
current assets |
|
| Own
work capitalised |
|
Costs
of group’s employees engaged in the construction
of plant and equipment for internal use |
|
| Profit |
|
Income |
|
| Profit
and loss account (statement) |
|
Income
statement |
|
|
|
|
| Profit
and loss account (under ‘‘capital and reserves’’
in balance sheet) |
|
Retained
earnings |
|
| Profit
for the financial year |
|
Net
income |
| |
| Profit
on sale of fixed assets |
|
Gain
on disposal of non-current assets |
|
| Provision
for doubtful debts |
|
Allowance
for bad and doubtful accounts receivable |
|
| Provisions |
|
Long-term
liabilities other than debt and specific accounts
payable
|
| |
| Recognised
gains and losses (statement) |
|
Comprehensive
income |
|
| Redundancy
charges |
|
Early
release scheme expenses |
| |
| Reserves |
|
Shareholders’
equity other than paid-up capital |
| |
| Share
based payment |
|
Stock
compensation |
|
|
| Share
premium account |
|
Additional
paid-in capital or paid-in surplus (not distributable) |
| |
| Shareholders’
funds |
|
Shareholders’
equity |
| |
| Stocks |
|
Inventories |
| |
| Tangible
fixed assets |
|
Property,
plant and equipment |
|
| Trade
debtors |
|
Accounts
receivable (net) |
|
| Turnover |
|
Revenues |
