Glossary
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Net Assets
The net assets is the amount derived when taking the total assets and deducting the total liabilities.
Net Book Value
Net Book Value is the value of an asset less the accumulated depreciation.
Net Profit
Net profit is the figure if you take the sales, less cost of sales and all administrative costs.
Net Realisable Value
Net Realisable Value is the figure derived from the proceeds of sale less the costs associated with the sale.
Nominee
A Nominee is the title given to the Insolvency Practitioner who is acting as advisor on a Individual, Partnership or Company Voluntary Arrangement – at the time before it is approved/rejected by creditors.
