GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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19:55 Jun 26, 2007 |
German to English translations [PRO] Bus/Financial - Accounting / annual report | |||||||
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| Selected response from: Kieran McCann United Kingdom Local time: 21:09 | ||||||
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Summary of answers provided | ||||
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3 +1 | liquidation of (tenants') contributions/subsidies to the construction costs |
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3 +1 | reversal of liabilities for construction cost subsidies |
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liquidation of (tenants') contributions/subsidies to the construction costs Explanation: This is from Dietl/Lorenz usually, these would be tenant's/tenants' contributions to the cost of construction [cruel German custom; just like bringing your own kitchen, but for businesses] subsidies would entail some sort of public financing (less likely] Maybe you can sort it out from the context Reference: http://www.dbvw.de/pdfs/fax_2003/0303.pdf |
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Notes to answerer
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reversal of liabilities for construction cost subsidies Explanation: You don't tell us what the client's business is, but while this might be to do with tenants subsidising landlords, the term 'Aufloesung' suggests something else. Essentially, subsidies of all kinds received in advance of the work/costs/purchases of assets/research programmes to which they relate are recognised as liabilities, since they represent deferred income. As the costs are incurred/assets are purchased etc etc the liability is then reversed to income in proportion to the cost or over the relevant period. 'Aufloesung von Baukostenzuschüssen' is therefore a fairly common income statement item for companies involved in constructing pretty much anything. http://www.google.co.uk/search?hl=en&q=Auflösung von Baukost... 'Income from the reversal of deferred income from network subsidies' http://www1.financialreports.evn.at/2005-06/gb/en/notes/note... |
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