Glossary entry

German term or phrase:

unwesentliche Gesellschaften

English translation:

immaterial/insignificant companies

Added to glossary by Lori Dendy-Molz
Mar 12, 2006 20:47
18 yrs ago
German term

unwesentliche Gesellschaften

German to English Bus/Financial Accounting Jahresbericht
Nicht konsolidierte Tochterunternehmen sind für den Konzern *unwesentliche Gesellschaften*.

Is there a specific term for this? Can't find it in my refs.
Proposed translations (English)
3 +3 immaterial companies

Proposed translations

+3
2 mins
Selected

immaterial companies

"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."
Peer comment(s):

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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4 KudoZ points awarded for this answer. Comment: "And another thousand thanks!"
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