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