(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.