High: The highest price transacted for a share during a period (as opposed to Low). The two are often tabulated in price quotation reports or newspapers as Year High Low.
Historical Cost Accounting: An accounting convention based upon the historical cost, that is, the actual cost at which the assets of the companies are purchased. Therefore, it tends to overstate profitability and understates the assets in real terms. This is the convention normally practiced in this region, slightly modified to allow revaluation of fixed assets. (See also Current Cost Accounting.)
Holding Company: A company which owns more than 20 per cent of the shares of one or more companies. The latter are known either as Subsidiaries (more than 50% owned) or Associates (20-50% owned).