Glossary entry

German term or phrase:

auf fremden Grundstuecken

English translation:

on third-party land

Added to glossary by Rebekah Wils (X)
Feb 2, 2005 10:20
19 yrs ago
2 viewers *
German term

auf fremden Grundstuecken

German to English Bus/Financial Accounting
This is an entry in a page of accounts. The context is "Grundstuecke, grundstuecksgleiche Rechte und Bauten einschliesslich der Bauten *auf fremden Grundstuecken*". I am considering "buildings on land owned by others" - does this sound OK?

Proposed translations

+3
29 mins
Selected

on third-party land

This is a standard line item in German HGB financial statements, but also often appears in German IFRS and US GAAP F/S.

HGB s. 266(2) A.II.1 (under "Tangible assets")

Land, land rights and buildings, including buildings on third-party land

This is the standard translation used in e.g. the authoritative Brooks/Mertin "Deutsches Bilanzrecht/German Accounting Legislation" (it will also be used in the forthcoming 4th edition) and the XBRL GoB/German Accounting Principles taxonomy that will (probably) be published later this quarter.
Peer comment(s):

agree David Moore (X) : This would be my choice of wording
1 hr
agree Bianca Leder
3 hrs
agree nruddy
4 hrs
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4 KudoZ points awarded for this answer. Comment: "thank you"
3 mins

thhird-party owned land


... rose to £169,000 compared with £140,000 in the first half of 2001, excluding affordable
housing units constructed on third-party-owned land (£138,000 if ...
www.contractjournal.com/archive/34753.asp
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5 mins

on other people's land

als Variante
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15 mins

third-party properties (land)

or properties (land) owned by a third party
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