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German term or phrase: abgezinst... Barwert  Can anyone tell me what this sentence means: "Abgezinst auf 10% ergibt sich ein Barwert von €1.5 million"? It's in a report discussing things like EBITA and breakeven points. 
 SEHKudoZ activityQuestions: 147 (none open) ( 6 without valid answers) ( 4 closed without grading) Answers: 13
 Local time: 03:45

 English translation:discounted / present value  Explanation: Seems everyone is in agreement on the present value bit, question is, how do we get there.
Here are a few definitions from Schäfer which might help shed some light:
Abzinsen  to discount
Abzinsung f
(Fin) discounting
– discounting process
(ie, Verfahren der Zinseszinsrechnung: Errechnung des Barwertes aus gegebenem Endbetrag mit Hilfe des Abzinsungsfaktors, qv; syn, Diskontierung; opp, Aufzinsung)
Barwert m
(Fin) present . . . value/worth
(ie, Zeitwert x Abzinsungsfaktor; Wert e–s od mehrerer künftiger Kapitalbeträge im Bezugszeitpunkt; current worth of a certain sum of money due on a specified future date after taking interest into consideration; syn, Gegenwartswert)
(Fin) cash value (eg, of lease that has seven years to run)
[Schäfer, Hyperbook Wirtschaftsenglisch]
And a few examples which I hope will also be of help:
One area in which the industry’s volatile pricing cycles have a dramatic effect is on the estimated present value of Swift’s proved oil and gas reserves, which must be based on yearend product prices according to the U.S. Securities and Exchange Commission’s regulations. At yearend 2000, natural gas prices were $9.86 per Mcf and oil prices were $24.62 per barrel, which are higher than what is likely to be received in 2001. Based on these prices, Swift’s present value of its proved reserves, discounted at 10% per year, were $94.00 per share at yearend 2000, up 247% from $27.09 per share at yearend 1999. When this estimate is calculated using average prices received in 2000 (as opposed to yearend prices), the present value of proved reserves discounted at 10% would have been $45.72 per share.
www.swiftenergy.com/Sfy/Ann_rpts/00rpt/HTML/Ar00ab04.htm
As previously announced on February 27, 2001, Prize's total proved oil and gas reserves at December 31, 2000 were 98.8 million barrels of oil equivalent with a pretax net present value discounted at 10 percent of $1.7 billion. Assuming oil and gas prices at year end 2000 were at more moderate levels, such as a NYMEX oil price of $25.00 per barrel and NYMEX gas price of $5.00 per thousand cubic feet, Prize's total proved oil and gas reserves would have been 96.3 million barrels of oil equivalent with a pretax net present value discounted at 10 percent of $922.0 million.
In addition, the newly acquired Apache properties under this alternative price case at year end would have added 12.5 million barrels of oil equivalent and $93.1 million of pretax net present value discounted at 10 percent.
In summary, proforma for the Apache acquisition at December 31, 2000, Prize's total proved reserves were 108.8 million barrels of oil equivalent with a pretax net present value discounted at 10 percent of $1.0 billion.
audioinvestor.pyxos.com/pages/category.cgi?Action=Get_Intro&Id=prz301
The present value before income tax, discounted at 10%, was
$909 million, compared to $782 million as of yearend 1997. The prices at year ...
www.crosstimbers.com/9903.htm
Teton value is based on a present value discounted at 10%. ...
www.tetonpetroleum.com/profile.html
Present Value Examples 1. Present value of $7000 in 4 years time if discounted
at 10%/a. PV = 7000/(1+.10)4 = $4781. = $7000 x .6830 = $4781(from tables). ...
wwwmech.eng.monash.edu.au/TEC3432/tec3432lecture911/tsld008.htm
Pretax Net Present Value Discounted at 10% US$98 million US$271 million ...
www.petrosourcecorp.com/news_ridge_res.htm
The company’s yearend reserve report estimates the Greens Canyon Field’s proven reserves are 19.9 BCFG net to Kestrel with a present value (discounted at 10%) of $25.7 million. In addition, the company’s independent reserve evaluators have estimated that there is additional probable net reserves in the Greens Canyon Field of 9 BCFG and a net present value (discounted at 10%) of $11.4 million. The combined total for proven and probable reserves is 28.9 BCFG and $37.1 million (net present value, discounted at 10%).
www.kestrelenergy.com/explor/explor.html
Thus I'd say that the present value is 1.5 mill Euros, discounted at 10%.
Hope this helps a bit.

 Selected response from: Ulrike Lieder Local time: 18:45
 Grading comment Helps a lot  thank you! 4 KudoZ points were awarded for this answer 
 
Discussion entries: 0 

Automatic update in 00:

1 hr discounted / present value
Explanation: Seems everyone is in agreement on the present value bit, question is, how do we get there.
Here are a few definitions from Schäfer which might help shed some light:
Abzinsen  to discount
Abzinsung f
(Fin) discounting
– discounting process
(ie, Verfahren der Zinseszinsrechnung: Errechnung des Barwertes aus gegebenem Endbetrag mit Hilfe des Abzinsungsfaktors, qv; syn, Diskontierung; opp, Aufzinsung)
Barwert m
(Fin) present . . . value/worth
(ie, Zeitwert x Abzinsungsfaktor; Wert e–s od mehrerer künftiger Kapitalbeträge im Bezugszeitpunkt; current worth of a certain sum of money due on a specified future date after taking interest into consideration; syn, Gegenwartswert)
(Fin) cash value (eg, of lease that has seven years to run)
[Schäfer, Hyperbook Wirtschaftsenglisch]
And a few examples which I hope will also be of help:
One area in which the industry’s volatile pricing cycles have a dramatic effect is on the estimated present value of Swift’s proved oil and gas reserves, which must be based on yearend product prices according to the U.S. Securities and Exchange Commission’s regulations. At yearend 2000, natural gas prices were $9.86 per Mcf and oil prices were $24.62 per barrel, which are higher than what is likely to be received in 2001. Based on these prices, Swift’s present value of its proved reserves, discounted at 10% per year, were $94.00 per share at yearend 2000, up 247% from $27.09 per share at yearend 1999. When this estimate is calculated using average prices received in 2000 (as opposed to yearend prices), the present value of proved reserves discounted at 10% would have been $45.72 per share.
www.swiftenergy.com/Sfy/Ann_rpts/00rpt/HTML/Ar00ab04.htm
As previously announced on February 27, 2001, Prize's total proved oil and gas reserves at December 31, 2000 were 98.8 million barrels of oil equivalent with a pretax net present value discounted at 10 percent of $1.7 billion. Assuming oil and gas prices at year end 2000 were at more moderate levels, such as a NYMEX oil price of $25.00 per barrel and NYMEX gas price of $5.00 per thousand cubic feet, Prize's total proved oil and gas reserves would have been 96.3 million barrels of oil equivalent with a pretax net present value discounted at 10 percent of $922.0 million.
In addition, the newly acquired Apache properties under this alternative price case at year end would have added 12.5 million barrels of oil equivalent and $93.1 million of pretax net present value discounted at 10 percent.
In summary, proforma for the Apache acquisition at December 31, 2000, Prize's total proved reserves were 108.8 million barrels of oil equivalent with a pretax net present value discounted at 10 percent of $1.0 billion.
audioinvestor.pyxos.com/pages/category.cgi?Action=Get_Intro&Id=prz301
The present value before income tax, discounted at 10%, was
$909 million, compared to $782 million as of yearend 1997. The prices at year ...
www.crosstimbers.com/9903.htm
Teton value is based on a present value discounted at 10%. ...
www.tetonpetroleum.com/profile.html
Present Value Examples 1. Present value of $7000 in 4 years time if discounted
at 10%/a. PV = 7000/(1+.10)4 = $4781. = $7000 x .6830 = $4781(from tables). ...
wwwmech.eng.monash.edu.au/TEC3432/tec3432lecture911/tsld008.htm
Pretax Net Present Value Discounted at 10% US$98 million US$271 million ...
www.petrosourcecorp.com/news_ridge_res.htm
The company’s yearend reserve report estimates the Greens Canyon Field’s proven reserves are 19.9 BCFG net to Kestrel with a present value (discounted at 10%) of $25.7 million. In addition, the company’s independent reserve evaluators have estimated that there is additional probable net reserves in the Greens Canyon Field of 9 BCFG and a net present value (discounted at 10%) of $11.4 million. The combined total for proven and probable reserves is 28.9 BCFG and $37.1 million (net present value, discounted at 10%).
www.kestrelenergy.com/explor/explor.html
Thus I'd say that the present value is 1.5 mill Euros, discounted at 10%.
Hope this helps a bit.
 Ulrike Lieder Local time: 18:45 Native speaker of: German PRO pts in category: 16

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May 7, 2009  Changes made by Steffen Walter:  Field (specific)  (none) » Finance (general) 
 
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