PWC中国企业改造工具库—Glossary.doc

SUMMARYOFTERMS

Thefollowingtermsareusedthroughoutthemanual:

BusinessPlan:AsingledocumentthatcombinesalloftheEnterprise’splansandfutureexpectationsintoaneasilyunderstoodsummary.

BusinessRestructuring:Allnonfinancialaspectsofbusinessimprovementinitiativesoftenincludedaspartofanoverallenterpriserestructuring(e.g.organisation,products,salesmarketing,productionprocessesetc)

BusinessReview:IsareviewidentifyingandunderstandingissuesrelatingtotheEnterprisethatwillimpactonitsrestructuring.

CAPEX:Capitalexpenditure–expenditureonnewplant,machineryandequipmentetc.

Consultants:Localindividualsand/oragencies,engagedbycliententerprises,whowillapplymethodologiescontainedinthismanualtoassistintherestructuringanddevelopmentoftheenterprises.

CoreBusiness:Primaryfocusofenterprisebusiness,reflectingitscorecompetencies

DebtRescheduling:Agreementbetweendebtorandfinancialcreditortoamendorextendtheduedatesforrepaymentofprincipaldebtamounts(usuallybasedonexpectedfuturecashflows).

DebtRestructuring:Generaltermappliedtorevisionofrepaymenttermsrelatingtofinancialobligations.Thismayincludereschedulingorforgivenessofdebt.

DueDiligenceProcess/Review:Processofundertakinginvestigationandfactfindingintothecurrentpositionofanenterprise.Theprocesscoversbothfinancialandoperational/businessbackgroundaspects.

ExcessiveDebt:Amountofdebtwhichcannotbeserviced(seeSustainableDebtandDebtServicingCapacity).

FinancialAdvisor:Externalconsultantwithexpertiseandexperienceinundertakingrestructuringassignments.Mayactasadvisortoindividualstakeholders,oractinanindependentroleonbehalfofallstakeholdersinfacilitatingtherestructuringprocess.

FinancialModel:Anelectronicspreadsheet(Excel)formatinwhichintegratedFinancialProjectionscomprisingbalancesheet,profitand