derivativen Firmenwert

English translation: derivative goodwill

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

German term or phrase:	derivativer Firmenwert
English translation:	derivative goodwill
Entered by:	Steffen Walter

08:19 Jan 17, 2002

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

German term or phrase: derivativen Firmenwert

Das Anlagevermögen der Gesellschaft setzt sich im wesentlichen aus dem derivativen Firmenwert, gewerblichen Schutzrechten ( EDV-Software), technischen Anlagen und Maschinen sowie Betriebs- und Geschäftsausstattung zusammen.

Alan Johnson KudoZ activity Questions: 315 (none open) (19 closed without grading) Answers: 1927 Germany
Local time: 17:08

derivative goodwill

Explanation:
"Goodwill:
Intangible assets of a company such as reputation, brand name, patents, expertise, customer base, business relationships and innovations. Goodwill may only be included in the balance sheet if it has been acquired through purchase (so-called derivative goodwill). It must be amortised within five years, according to German commercial law (HGB). "

Selected response from:

Alison Schwitzgebel
France
Local time: 17:08

Grading comment

Thanks Alison - fast!!
4 KudoZ points were awarded for this answer

Summary of answers provided

5 +2

derivative goodwill

Alison Schwitzgebel

acquired goodwill

Steve Martin

Goodwill is only part of the company value...

Eva Blanar

Answers

4 mins confidence:

peer agreement (net): +2

derivative goodwill

Alison Schwitzgebel
France
Local time: 17:08
Specializes in field
Native speaker of:

English,

German
PRO pts in category: 346

Grading comment

Thanks Alison - fast!!

17 mins confidence:

acquired goodwill

Explanation:
1. That's the translation offered by Hamblock/Wessels.

2. Stacks of google matches to support it.

HTH,

Steve

Hanblock/Wessels

Steve Martin
Germany
Local time: 17:08
Native speaker of: English

13 hrs confidence:

Goodwill is only part of the company value...

Explanation:
... and it is basically the difference between the net asset value and the purchase price (at an acquisition). This is why the goodwill shall appear in the books, and this is why it is "derived". Let me quote one paragraph from an accountancy book (JR Edwards-HJ Mellett:Accountancy for Banking Students, The Chartered Institute of Bankers):

"Goodwill arises as a result of business conncetions built up over a period of time. It is calculated as the difference between the value of the business as a whole and the aggregate of 'fair' values of its various identifiable assets -both tangible and intangible.(...) Goodwill may be classified into 'purchased goodwill' which arises on the acquisition of an existing business, and 'non-purchased goodwill' which has been built up over time but has no value which has been evidenced by an arms length transaction. SSAP 22 categorically states that only purchased goodwill should be recognised in the accounts. The main reason for excluding non-purchased goodwill is that its value is subject to wide fluctuations due to both internal and external circumstances, making any assessment of its worth highly subjective and problematic."

PS I hope you were not serious about explanations in Croatian.

Eva Blanar
Hungary
Local time: 17:08
Specializes in field
Native speaker of: Hungarian
PRO pts in category: 29

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.

Return to KudoZ list

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.

See also:

ProZ.com term search

Search millions of term translations