Financial Accounting for Decision Makers

520
nomination committees 450, 455, 
520
non-controlling interests 365–7, 371–80, 
520
non-current assets
definition 48–9, 
520
depreciation 
see
depreciation
expansion 275
fair values 61–3
finite lives 60–1
impairment 63–4, 96
indefinite lives 60, 61
intangible 60, 89
losses on disposal 98, 145
profits on disposal 98
replacement of 96–7
statements of financial position 51–2
valuation 60–4
see also
property, plant and equipment
non-current liabilities 50, 277, 300, 
520
non-executive directors 445, 446, 
520
fees 457
remuneration 
see
directors: remuneration
role of 454–7
UK Corporate Governance Code 447, 448
NOPAT (net operating profit after tax) 477
not-for-profit organisations 28–9
notes to financial statements 180–1, 195, 243–4, 
245, 255
NRV (net realisable value) 102, 103
O’Leary, Michael 484
objectives of companies 480
obligations
arising from past events 239
constructive 239, 240, 241
limited companies 21
maturing 50, 293–5, 323
obsolescence 63
Ocado Group plc 294, 460
OCC (operating cash cycle) 295–7, 
520
offers for sale 137, 140–1, 
520
office equipment 49
offsetting 181
Openreach-BT plc 353
operating activities 208–9, 213–19
leases 255
operating cash cycle (OCC) 295–7, 
520
operating leases 
see
leases
operating profits 77, 78, 275, 
520
associate companies 391–2
economic value added 477
interest cover ratio 301–2
limited companies 147
margin ratios 279–80, 289–91, 
520
ROCE 277
segmental disclosures 410–11
Z-score models 333
ordinary shares 128, 349,