s 1163 “Non-cash asset”
(1) In the Companies Acts “ non-cash asset ” means any property or interest in property, other than cash. For this purpose “ cash ” includes foreign currency. (2) A reference to the transfer or acquisition of a non-cash asset includes— (a) the creation or extinction of an estate or interest in, or a right over, any property, and (b) the discharge of a liability of any person, other than a liability for a liquidated sum.