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unwesentliche Gesellschaften

English translation: immaterial/insignificant companies

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:unwesentliche Gesellschaften
English translation:immaterial/insignificant companies
Entered by: Lori Dendy-Molz

20:47 Mar 12, 2006
German to English translations [PRO]
Bus/Financial - Accounting / Jahresbericht
German term or phrase: unwesentliche Gesellschaften
Nicht konsolidierte Tochterunternehmen sind für den Konzern *unwesentliche Gesellschaften*.

Is there a specific term for this? Can't find it in my refs.
Lori Dendy-Molz
Germany
Local time: 13:37
immaterial companies
Explanation:
"Highlands Group is an insurance holding company for Highlands Holding Company,
Inc. and its subsidiaries ("Highlands"), American Reliance, Inc. and its
subsidiaries ("American Reliance"), and Highlands Holdings (U.K.) Limited and
its subsidiary ("Highlands UK") (a foreign reinsurance company located in the
United Kingdom), and certain other immaterial companies. For reporting
purposes, the Company considers all of its property and casualty insurance
operations as one segment. All material intercompany accounts and transactions
have been eliminated."
Selected response from:

Alison Schwitzgebel
France
Local time: 13:37
Grading comment
And another thousand thanks!
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +3immaterial companies
Alison Schwitzgebel


  

Answers


2 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +3
immaterial companies


Explanation:
"Highlands Group is an insurance holding company for Highlands Holding Company,
Inc. and its subsidiaries ("Highlands"), American Reliance, Inc. and its
subsidiaries ("American Reliance"), and Highlands Holdings (U.K.) Limited and
its subsidiary ("Highlands UK") (a foreign reinsurance company located in the
United Kingdom), and certain other immaterial companies. For reporting
purposes, the Company considers all of its property and casualty insurance
operations as one segment. All material intercompany accounts and transactions
have been eliminated."


    Reference: http://sec.edgar-online.com/2001/05/16/0000899243-01-500599/...
Alison Schwitzgebel
France
Local time: 13:37
Specializes in field
Native speaker of: Native in EnglishEnglish, Native in GermanGerman
PRO pts in category: 346
Grading comment
And another thousand thanks!

Peer comments on this answer (and responses from the answerer)
agree  RobinB: or "insignificant", meaning immaterial or insignificant for a presentation of a true and fair view of the net assets, financial position and results of operations.
2 hrs
agree  Chinmayi Sripada
2 hrs
agree  Ted Wozniak: I prefer insignificant but that is merely a style choice.
4 hrs
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