GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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20:02 Oct 19, 2006 |
German to English translations [PRO] Bus/Financial - Accounting / Consolidated financial statement | |||||||
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| Selected response from: RobinB United States Local time: 03:44 | ||||||
Grading comment
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Summary of answers provided | ||||
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5 +7 | due to insignificance |
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4 | given the /due to . subordinated significance |
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3 -1 | not important enought |
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1 -1 | due to its secondary significance |
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Discussion entries: 1 | |
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due to insignificance Explanation: Actually I think this is pretty common, though the wording may vary. For your specific sentence, I'd say: "Not included in the consolidated financial statements due to insignificance in accordance with section 296(2) of the HGB" Section 296(2) of the HGB reads: (2) Ein Tochterunternehmen braucht in den Konzernabschluß nicht einbezogen zu werden, wenn es für die Verpflichtung, ein den tatsächlichen Verhältnissen entsprechendes Bild der Vermögens-, Finanz- und Ertragslage des Konzerns zu ermitteln, von untergeordneter Bedeutung ist. Entsprechen mehrere Tochterunternehmen der Voraussetzung des Satzes 1, so sind diese Unternehmen in den Konzernabschluß einzubeziehen, wenn sie zusammen nicht von untergeordneter Bedeutung sind. (2) A subsidiary need not be included in the consolidated financial statements if it is not significant in relation to the requirement to present a true and fair view of the net assets, financial position and results of operations of the group. If several subsidiaries meet the requirement of sentence 1 above, the companies shall be included in the consolidated financial statements if they are collectively not insignificant. (from: Deutsches Bilanzrecht/German Accounting Legislation, 4th edition, IDW-Verlag 2006) |
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