What are Non-Cash Items?

Non-Cash Items represent all non-cash adjustments to reconcile net income to cash flows derived from the company’s operations not otherwise and elsewhere here classified.

They include:

• Interest paid;
• Interest received;
• Income taxes paid or refunded;
• Gains/losses on the disposal of assets;
• Changes in provisions (i.e. doubtful accounts, pension, risks and charges);
• Minority interest;
• Unusual expenses reported as non-cash adjustment;
• Valuation of financial instruments;
• Share of income/loss from associated companies;
• Foreign exchange gain/loss; and
• Amortization of grants.