Link to bt.com
 
spacer Download pdf spacer Print page spacer Contact us spacer return to BTplc.com
 Home >> Glossary of terms and US equivalents

Glossary of terms and US equivalents

Term used in UK annual report
US equivalent or definition
spacer
Accounts Financial statements
spacer
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
spacer
Associates Equity investees
spacer
Capital allowances Tax depreciation
spacer
Capital redemption reserve Other additional capital
spacer
Creditors Accounts payable and accrued liabilities
spacer
Creditors: amounts falling due within one year Current liabilities
spacer
Creditors: amounts falling due after more than one year Long-term liabilities
spacer
Debtors: amounts falling due after more than one year Other non-current assets
spacer
Employee share schemes Employee stock benefit plans
spacer
Employment costs Payroll costs
spacer
Finance lease Capital lease
spacer
Financial year Fiscal year
spacer
Fixed asset investments Non-current investments
spacer
Freehold Ownership with absolute rights in perpetuity
spacer
Gearing Leverage
spacer
Inland calls Local and long-distance calls
spacer
Interests in associates and joint ventures Securities of equity investees
spacer
Investment in own shares Treasury shares
spacer
Loans to associates and joint ventures Indebtedness of equity investees not current
spacer
Net asset value Book value
spacer
Operating profit Net operating income
spacer
Other debtors Other current assets
spacer
Own work capitalised Costs of group’s employees engaged in the construction of plant and equipment for internal use
spacer
Profit Income
spacer
Profit and loss account (statement) Income statement
spacer
Profit and loss account (under ‘‘capital and reserves’’ in balance sheet) Retained earnings
spacer
Profit for the financial year Net income
spacer 
Profit on sale of fixed assets Gain on disposal of non-current assets
spacer
Provision for doubtful debts Allowance for bad and doubtful accounts receivable
spacer
Provisions Long-term liabilities other than debt and specific accounts payable
spacer 
Recognised gains and losses (statement) Comprehensive income
spacer
Redundancy charges Early release scheme expenses
spacer 
Reserves Shareholders’ equity other than paid-up capital
spacer 
Share based payment Stock compensation
spacer
Share premium account Additional paid-in capital or paid-in surplus (not distributable)
spacer 
Shareholders’ funds Shareholders’ equity
spacer 
Stocks Inventories
spacer 
Tangible fixed assets Property, plant and equipment
spacer
Trade debtors Accounts receivable (net)
spacer
Turnover Revenues

back to top

© BT Group plc 2003       Privacy policy