definiens: means on a consolidated basis, and only taking into account the Consolidated Companies FD, the sum of the following items as referred to and used in the Financial Statements 2000 ( cf illustration in Exbibit A ): ( i ) net inventories ; net trade accounts and notes receivable ; accrued income ; state / other / debit ( value added tax receivable ) per the Management Accounts ; prepaid expenses and accrued interest ; receivables from insurance carriers ; service fees receivable ; employee advances ; short term loans and current portion of long term loans ( other than those included in Cash ) less short term loans receivable from [COMPANY] per the Management Accounts ( other than those included in Cash ) ; unrealized gains on financial instruments entered into with parties other than [COMPANY] ; and other current assets ( ), reduced by the sum of the following items : ( ii ) trade accounts and notes payable ; state / other / credit ( value added tax payable ) per the Managemcnt Accounts ; payables related to fixed asset acquisition s other than payables related to the e 1,ien by shRre .~eI8ers af . Bilag Insustries Limited ; personnel and social charges less social institutions / liability per the Management Accounts ; accrued expenses ; deferred income ; accrued interest payable ; unrealized losses on financial instruments with parties other than [COMPANY] and other current liabilities ( )