Glossary - C

Cash flow

A company’s net cash inflow generated from business operations.

Catalyst

Accelerates and controls chemical reactions by acting as a mediator.

Cathode material

Material for positive electrodes (cathodes) in batteries.

Chemical Index

Denotes the Prime Chemicals Performance Index, which includes the eleven major German chemical corporations in the Prime Standard.

Coal-to-liquid (CTL) process

Process for producing liquid fuel from coal. The coal is converted into synthesis gas, from which fuel is manufactured using socalled Fischer-Tropsch synthesis. The process serves as a substitute for oil.

Cold-box system

Process that uses organic binder systems to produce casting cores.

Consolidated net income

Net income

Consolidation

Summary of the individual financial statements prepared by each group member, adjusted to eliminate all intercompany transactions. The total number of all companies included is known as the scope of consolidation.

Controlling

Continuous measurement and monitoring by a neutral unit, as well as the development of relevant methods.

Core coating

Mass for coating cores and molds in the foundry industry.

Corporate governance

Corporate governance comprises the whole system of managing and supervising a company; it includes the company's organization, principles and guidelines of business policy, as well as the entire system of internal and external mechanisms for controlling and supervision.

Cost of capital

Sum total of the return on capital required (both explicitly and implicitly) by providers of equity and borrowed capital. It represents the minimum amount which management must achieve by investing in suitable projects.

Credit facility

Syndicated loan

Currency option

The right to buy or sell a certain amount of foreign currency at a pre-fixed price on a specific date or within a specific period.

Currency swap

An agreement between two parties to exchange different, predetermined interest payments in varying currencies within the period fixed under the agreement.

Current assets

Together with non-current assets, these form the asset side of the balance sheet. They include all assets not intended to serve operations on an ongoing basis.