Terms used in Annual Report & Accounts
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US equivalent or brief description
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Accounts
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Financial statements
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Allotted
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Issued
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Bank loans/loan notes
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Long term debt
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Capital allowances
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Tax term equivalent to US tax depreciation allowances
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Cash at bank and in hand
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Cash and cash equivalents
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Creditors
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Payables
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Debtors
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Receivables
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Finance expense
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Interest expense
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Finance income
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Interest income
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Finance lease
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Capital lease
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Freehold
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Ownership with absolute rights in perpetuity
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Like for like sales
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Same store sales at constant exchange rates
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Profit
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Income
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Profit and loss account
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Income statement
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Profit and loss account reserve
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Retained earnings
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Profit attributable to shareholders
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Net income
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Property, plant and equipment
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Property and equipment
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Share capital
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Capital stock or common stock
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Share option
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Stock option
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Shareholders' funds
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Shareholders' equity/net assets
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Share premium account
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Additional paid-up capital or paid-in surplus (not distributable)
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Shares in issue
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Shares outstanding
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Stocks
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Inventories
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Tangible fixed assets
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Property and equipment
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Value Added Tax (VAT)
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UK sales tax
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