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) | | German term or phrase: | aktivischer/passivischer Veränderungsbetrag | | English translation: | fair value change classified into components attributable to recognised assets/liabilities | | Entered by: | RobinB |
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German to English translations [PRO]
Bus/Financial - Accounting | | German term or phrase: aktivischer/passivischer Veränderungsbetrag | | From the notes to a group's consolidated accounts (IAS/IFRS). "Zinsswap (Hedging-Derivate): Diese Position beinhaltet den Anteil des aktivischen Marktwertes der Zinsderivate in Höhe von xxx...Augrund der Neubewertung der Zinsderivate zum Stichtag, ergab sich eine Verminderung der Marktwerte in Höhe von yyy, welche in einen aktivischen und passivischen Veränderungsbetrag aufgeteilt wurde." |
| Heather FerlicchiaKudoZ activityQuestions: 226 (none open) ( 2 closed without grading) Answers: 106
Germany
| | Local time: 00:19
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| | fair value change classified into a component attributable to recognised assets/liabilities | Explanation:
Got it **completely** wrong first time round - sorry. A remeasurement gain can never be an asset!
The aktivischer/passivischer Veränderungsbetrag must refer to whether the hedging derivative is classified as an asset or a liability.
New stab at translating your sentence:
"Interest rate swaps (hedging derivatives): this item contains the share of the positive fair value of interest rate derivatives amounting to xxx. Remeasurement of the interest rate derivatives at the reporting date resulted in a yyy decrease in fair value, with the fair value change classified into a component attributable to recognised assets and a component attributable to recognised liabilities."
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Note added at 3 hrs 32 mins (2004-04-05 18:40:55 GMT)
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Ted: this by way of answer to your question because the wee text box thing is far too small.
This looks to me like a balance sheet disclosure, saying that the decrease in the carrying amount of the positive fair value versus the prior period is attributable partly to assets and partly to liabilities. There may well be a table showing this in numerical form. Any gain or loss on remeasurement would indeed be recognised directly in equity for hedging derivatives, unless the hedge was discontinued, in which case the cumulative gain/loss would be recognised in the income statement. This may well be the subject of an income statement disclosure later on in the notes. Personally, I think the German sentence is pretty opaque (\"too clever by half\"), and I can\'t really see even an informed investor getting it first time round. |
| Selected response from:
RobinB
Local time: 00:19
| Grading comment Very elegant, and a good explanation - thanks very much! :-)
4 KudoZ points were awarded for this answer |
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| Discussion entries: 0 |
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Automatic update in 00:
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1 hr confidence:  peer agreement (net): +1 | aktivischer/passivischer Veränderungsbetrag fair value change classified into a component attributable to recognised assets/liabilities
Explanation:
Got it **completely** wrong first time round - sorry. A remeasurement gain can never be an asset!
The aktivischer/passivischer Veränderungsbetrag must refer to whether the hedging derivative is classified as an asset or a liability.
New stab at translating your sentence:
"Interest rate swaps (hedging derivatives): this item contains the share of the positive fair value of interest rate derivatives amounting to xxx. Remeasurement of the interest rate derivatives at the reporting date resulted in a yyy decrease in fair value, with the fair value change classified into a component attributable to recognised assets and a component attributable to recognised liabilities."
--------------------------------------------------
Note added at 3 hrs 32 mins (2004-04-05 18:40:55 GMT)
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Ted: this by way of answer to your question because the wee text box thing is far too small.
This looks to me like a balance sheet disclosure, saying that the decrease in the carrying amount of the positive fair value versus the prior period is attributable partly to assets and partly to liabilities. There may well be a table showing this in numerical form. Any gain or loss on remeasurement would indeed be recognised directly in equity for hedging derivatives, unless the hedge was discontinued, in which case the cumulative gain/loss would be recognised in the income statement. This may well be the subject of an income statement disclosure later on in the notes. Personally, I think the German sentence is pretty opaque (\"too clever by half\"), and I can\'t really see even an informed investor getting it first time round.
| RobinB
Local time: 00:19
Specializes in field
Native speaker of:  English
PRO pts in category: 837
|
| | Grading comment | Very elegant, and a good explanation - thanks very much! :-) |
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