The term 'assets' of a company can be classified into 'fixed assets' or 'current assets'. Fixed assets are intended for use continuously in the company's operations, whereas current assets are not.

The term 'capitalising' in context to any work or costs refers to treating that work or costs as a fixed asset.

The phrase 'investment property' is defined as land or buildings kept either for earning rentals, capital appreciation or both.

When it comes to loans in this context, a loan or an instalment of a loan is seen as due for payment on the earliest date the lender could ask for repayment, assuming the lender exercises all options and rights available.

'Material' refers to the importance of information that could reasonably impact users' decisions based on the financial statements. The materiality of individual items should be evaluated in relation to other similar items.

The term 'value adjustments' is used to denote any amount written off for depreciation or reduction in the value of assets. The fluctuation in any value adjustment for depreciation or value decrease of assets is referred to when addressing the depreciation of, or amounts written-off, assets in the profit and loss account formats (Part II).

'Provisions', in this context, refer to any amount retained deemed necessary to cater to any liability showing at the financial year end, even if its exact amount or settlement date remains uncertain.

The term 'purchase price' applies not only to the cost of an asset, raw materials or consumables used in the production of an asset, but also to any consideration, in cash or otherwise, given by the company for that asset or materials.