Compound average growth rate.

Capital employed
In general, it represents the capital investment necessary for a business to function. Used as a denominator in Return on Capital Employed ratio.

Capital yields withholding tax
A tax on profits from the sale of financial investments, for example, the tax withheld from sales of securities and the earnings thereof.

A term used widely in the industry for bedroom furniture.

Cash flow
Inflows and outflows of cash and cash equivalents.

Cash flows from financing activities
The third section of the statement of cash flows which presents cash receipts and payments from financing activities, such as the issuance and repurchase of the entity’s own bonds and shares and the payment of dividends. Financing activities are transactions between an entity and its owners and creditors, and result in changes in the size and composition of the contributed equity and borrowing of the entity.

Cash flows from investing activities
The second section of the statement of cash flows which presents cash receipts and payments from investing activities, such as the acquisition and disposal of property, plant and equipment and investment not included in cash equivalents.

Cash flows from operating activities
The first section of the statement of cash flows which presents cash receipts and payment from operating activities, the principal revenue-producing activities of an entity. It converts the items reported on the income statement from the accrual basis of accounting to cash.

Cash on hand
Money on hand and funds available on demand deposits with banks or other financial institutions.

A measure of negative cash flow which refers to the amount of money an entity spends from month to month(money burnt) before generating positive cash flow from operations. It is quoted in terms of cash spent per month.

Commercial mortgage backed securities: bonds backed by mortgages on commercial property.

Commencement of the lease term
The date at which the lessee is entitled to exercise the right to use the leased asset.  It is the date of initial recognition of the lease.

Establishing a building as a working operation.

Concept development
The process of identifying, defining and collecting ideas to create an image for a new business or product.

Condition survey
Inspection and report describing the current state of a building or item of plant.

Confirmatory value
Information about an economic phenomenon that confirms of changes past expectations, increasing the likelihood that the outcomes or results will be as previously expected. Characteristic of relevant financial reporting information. The predictive and confirmatory roles of information are interrelated.

Construction manager
The construction manager is a fee earning professional who is employed to programme and coordinate the construction works undertaken. The construction manager selects, supervises and manages the work of specialist trade contractors who are employed to undertake the work.

The power to govern  the financing and operating policies of an entity so as to obtain benefits from its activities and increase, maintain, or protect the amount of those benefits.

Corporate income tax
A levy on the profits of incorporated businesses. The tax is charged on the profits of an entity without regard to the amount paid out in dividends.

The amount of cash or cash equivalents paid or the fair value of the other consideration given to acquire an asset at the time of its acquisition or construction, or, when applicable, the amount attributed to that asset when initially recognized in accordance with specific requirements of other IFRS.

Cost method
A method of accounting for an investment whereby the investment in´s recognized at cost. The investor recognizes income from the investment only to the extent that the investor receives distributions from accumulated profits of the investee arising after the date of acquisition.

Cost of capital
The rate of return required by investors in the business.

Cost of inventories
All costs incurred to bring inventories to their present location and condition. This includes costs such as purchase, freight, conversion, insurance, handling, etc.

Cost principle
Most assets are recognized and presented at their original acquisition costs and no adjustment is made for changes in market value. Also called the historical cost principle.