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Glossary - N

Nanofil®

 

Organically-modified bentonite product; product line sold to Rock Clay Additives GmbH in 2007.

Net financial debt

 

Calculated as the sum total of interest-bearing liabilities, less cash and cash equivalents.

Net income

 

Profit after tax. In the case of a public limited company, the annual general meeting decides on appropriation of the net income.

Net interest

 

Balance of all interest expense and interest income.

Nitric acid

 

Created as a result of ammonia combustion.

Non-current assets

 

Part of a company´s assets. These include assets for ongoing use. Non-current assets are shown on the asset side of a company´s balance sheet.

Non-recourse factoring


 

Purchase of receivables while waiving recourse to the seller in the event of non-payment.