Accountancy

Accountancy

Industry: Financial services

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Accountancy

net investment in the lease

Financial services; Accountancy

The gross investment in the lease discounted at the interest rate implicit in the lease.

non-controlling interest

Financial services; Accountancy

The equity in a subsidiary not attributable, directly or indirectly, to a parent.

non-current asset

Financial services; Accountancy

An asset that does not meet the definition of a current asset.

normal capacity of production facilities

Financial services; Accountancy

The production expected to be achieved on average over a number of periods or seasons under normal circumstances, taking into account the loss of capacity resulting from planned maintenance.

Notes contain information in addition to that presented in the statement of financial position, statement of comprehensive income, separate income statement (if presented), statement of changes in ...

obligating event

Financial services; Accountancy

An event that creates a legal or constructive obligation that results in an entity having no realistic alternative to settling that obligation.

offsetting onerous contract

Financial services; Accountancy

See ‘set-off, legal right of’ A contract in which the unavoidable costs of meeting the obligations under the contract exceed the economic benefits expected to be received under it.