We categorize a company's assets in two ways: fixed and current. When an asset is intended to be used continuously by a company's activities, we consider it 'fixed'. On the other hand, 'current' assets are those not planned for such continuous use.

In the context of this section, when we speak of 'capitalising' any work or costs, we are referring to treating that work or costs as a fixed asset.

'Investment property' is defined here as either land or buildings (or both) that are held for monetary gains, either through rent collection or value appreciation (or both).

"Listed investments" are those investments that have been listed on:

• Any regulated market or reputable stock exchange in the State,
• Any regulated market or prominent stock exchange in any other EEA state,
• Any prestigious stock exchange in a state that is not an EEA state.

For the purpose of this text, a loan will be considered due for payment on the earliest date on which the lender has the right to demand repayment, should the lender choose to exercise all available options or rights.

The term 'material' is used here to refer to any information whose omission or misrepresentation could potentially affect decisions made based on the company's financial statement. The significance of individual items is judged in the context of similar items.

When we use the phrase 'value adjustments' for depreciation or decrease in value of assets, we are referring to any amount written off to provide for such decline in asset value. Any mention of the depreciation of assets or amounts written off from assets in the profit and loss account formats is a reference to the fluctuation in any value adjustments for the depreciation or decrease in value of those assets.

The term 'provisions for liabilities' refers to any amount retained necessary to provide for any clearly defined liability existing at the financial year-end date. However, there may be uncertainty about the amount or the date it will be settled.

The purchase price of an asset of a company, or of any raw materials or consumables used in the production of such an asset, includes any consideration (cash or otherwise) given by the company for that asset or for those materials or consumables (as applicable).