Carnival Cruises 2004 Annual Report Download - page 51

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Glossary of Terms
The attached financial statements include certain U.S. accounting terminology, which may not be familiar to a UK
reader. This glossary of terms is provided to assist in interpreting these financial statements.
UK Terms U.S. Terms
Acquisition accounting . . . . . . . . . . . . . . . . . . . . . . . . . . Purchase method of accounting
Associate/Joint venture . . . . . . . . . . . . . . . . . . . . . . . . . Equity investment
Called up share capital . . . . . . . . . . . . . . . . . . . . . . . . . . Common stock at par value
Creditors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Payables
Debtors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Receivables
Finance lease . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital lease
Financial year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Fiscal year
Gearing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Debt/Capital (debt plus equity)
Interest payable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense
Interest receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest income
Profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income
Profit and loss account . . . . . . . . . . . . . . . . . . . . . . . . . Statement of operations
Profit and loss account reserves . . . . . . . . . . . . . . . . . . Retained earnings
Profit for the financial year . . . . . . . . . . . . . . . . . . . . . . . Net income
Provisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Liabilities or reserves
Share premium . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Additional paid-in capital
Shareholders’ funds. . . . . . . . . . . . . . . . . . . . . . . . . . . . Shareholders’ equity
Stocks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories
Tangible fixed assets . . . . . . . . . . . . . . . . . . . . . . . . . . . Property, plant and equipment
Turnover . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Revenue
48 Carnival Corporation & plc