KudoZ home » French to English » Accounting

Élimination de la quote-part de résultat des mises en équivalence

English translation: Elimination of Share of income from [subsidiaries or companies] accounted for by the equity method

Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs
(or are passionate about them). Participation is free and the site has a strict confidentiality policy.

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

French term or phrase:	Élimination de la quote-part de résultat des mises en équivalence
English translation:	Elimination of Share of income from [subsidiaries or companies] accounted for by the equity method
Entered by:	eden

Options:
- Contribute to this entry
- Include in personal glossary

19:29 May 10, 2005

French to English translations [PRO]
Bus/Financial - Accounting

French term or phrase: Élimination de la quote-part de résultat des mises en équivalence

Item from a Statement of changes in financial position
Under the heading "total net income of consolidated companies"

eden KudoZ activity Questions: 180 (1 open) (6 without valid answers) (10 closed without grading) Answers: 21 United Kingdom
Local time: 16:43

offsetting of equity in net income of subsidiaries

Explanation:
is what I would say ..mise en equivalence are companies which use equity method of accounting..

I actually swiped the above from a UK company on the internet, but it can be said like this

--------------------------------------------------
Note added at 6 hrs 42 mins (2005-05-11 02:11:39 GMT)
--------------------------------------------------

correction: my first answer is wrong

it should be:

Final: Elimination of Share of income from [subsidiaries or companies] accounted for by the equity method

That is what it means: but not necessarily how I would put it on the balance sheet...I would try to find a way to say it where elimination becomes a verb..

mises en equivalence=means sociétés mises en équivalence..companies accounted for by the equity method..

Selected response from:

Jane Lamb-Ruiz

Grading comment

Thank you for answering so quickly - you were a great help!
4 KudoZ points were awarded for this answer

Summary of answers provided
5	Elimination of the portion of net income from equity-method consolidated companies	Christopher RH
5	offsetting of equity in net income of subsidiaries	Jane Lamb-Ruiz

Discussion entries: 1

Answers

1 hr confidence:

Élimination de la quote-part de résultat des mises en équivalence

offsetting of equity in net income of subsidiaries

Jane Lamb-Ruiz
Specializes in field
Native speaker of:

English,

Portuguese
PRO pts in category: 253

Grading comment

Thank you for answering so quickly - you were a great help!

13 hrs confidence:

Élimination de la quote-part de résultat des mises en équivalence Elimination of the portion of net income from equity-method consolidated companies

Explanation:
"mise en equivalence" = "consolidation according to the equity method" (i.e. the net income of the subsidiary is added into the consolidated income statement on the basis of the percentage equity interest held in said subsidiary). Typically this is subsidiaries in which the group holds a 20-50% equity stake.

The "quote-part de résultat" is therefore that proportion of the net income of each subsidiary which is included in the consolidated income statement on that percentage basis.

So for working capital calculations, you have to eliminate this amount.

Incidentally, under the (new) IFRS accounting standards, this method is described as "proportionate consolidation". For a brief description of the difference, here is the ICI's report:

http://www.ici.com/ICIPLC/news/newsItem.jsp?id=2575047642316...

"Under UK GAAP the equity method of consolidation is used, whereby ICI's share of
the joint ventures' operating result is included in one line in the profit and
loss account, with the related tax being included in the Group taxation on
profit on ordinary activities. Under IFRS, joint ventures can be recognised
using proportionate consolidation or the equity method. ICI have adopted the
proportionate consolidation method under IFRS, whereby ICI's share of the joint
ventures' net assets and results are recognised on a line-by-line basis. This
has resulted in adjustments to key lines in the income statement, although net
profit is unchanged."

--------------------------------------------------
Note added at 13 hrs 17 mins (2005-05-11 08:46:23 GMT)
--------------------------------------------------

For this IFRS question, of course, I should have said:
- Incidentally, under the (new) IFRS accounting standards, *the corresponding method* is described as \"proportionate consolidation\"
Since it is not exactly the same.

What I wanted to add, however, was that it would appear that the French terms have not changed between the old-style \"mise en equivalence\" and the new (compulsory for all EU listed companies) IFRS \"proportionate consolidation\". One more case where translators will surely be expected to become dual-system experts overnight...

For an example of the practical consequences of the difference between the two methods, check here: http://www.ifrs-portal.com/english/Interpretations/sic_13.ht...

Finally - apologies to Jane Lamb-Ruiz, as I hadn\'t seen her \"Final\" answer which is virtually identical to my suggestion.

Christopher RH
Local time: 17:43
Works in field
Native speaker of:

English
PRO pts in category: 7

Return to KudoZ list

Changes made by editors

May 10, 2005 - Changes made by Florence B:
Term asked	elimination de la quote part de r�sultat des mises en �quivalence => �limination de la quote-part de r�sultat des mises en �quivalence

KudoZ™ translation help
The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

Overview

Latest translation questions

Ask a translation question

See also:

ProZ.com term search

Search millions of term translations

Élimination de la quote-part de résultat des mises en équivalence

English translation: Elimination of Share of income from [subsidiaries or companies] accounted for by the equity method

Login or register (free and only takes a few minutes) to participate in this question.

Answers

Sign in to your ProZ.com account...

Or create a new account

ProZ.com ideas

KudoZ™ translation help
The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

Élimination de la quote-part de résultat des mises en équivalence

English translation: Elimination of Share of income from [subsidiaries or companies] accounted for by the equity method

Login or register (free and only takes a few minutes) to participate in this question.

Answers

Sign in to your ProZ.com account...

Or create a new account

ProZ.com ideas

KudoZ™ translation helpThe KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

KudoZ™ translation help
The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.