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Gehaltsaufwand inkl. Abfertigungs- und Pensionsrückstellungsdotierung

English translation: staff costs including severance and pension provisions

16:38 Feb 17, 2005
German to English translations [PRO]
Finance (general)
German term or phrase: Gehaltsaufwand inkl. Abfertigungs- und Pensionsrückstellungsdotierung
Posten in Bilanz
goldmann
Local time: 08:23
English translation:staff costs including severance and pension provisions
Explanation:
This is about as simple as it can be kept.
Selected response from:

Terry Moran
France
Local time: 08:23
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +1staff costs including severance and pension provisions
Terry Moran
4 +1salary expenses/ outlay including processing and pension provisioning
David Hollywood
4salary expenses (staff costs for BE) incl. allocation of severance and pension reserves
Ted Wozniak
3see explanation
Michael Bailey


  

Answers


11 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
Gehaltsaufwand inkl. Abfertigungs- und Pensionsrückstellungsdotierung
see explanation


Explanation:
This is the employer's contribution including severance payment and pension contribution of a salary.

Michael Bailey
Austria
Local time: 08:23
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 28
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9 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
Gehaltsaufwand inkl. Abfertigungs- und Pensionsrückstellungsdotierung
salary expenses/ outlay including processing and pension provisioning


Explanation:
Altersversorgung, market for occupational pension provision, 3, ... Jul 15 2004, Abgeltungssteuer, withholding tax, 4, ... May 8 2003, Pensionsrückstellung, pension provision ...

a couple of possibilities

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Note added at 11 mins (2005-02-17 16:49:37 GMT)
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Abfertigung {f} (Zoll), clearing processing.
Abwicklung {f} (eines Vorganges), processing


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Note added at 12 mins (2005-02-17 16:51:07 GMT)
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Abfertigung f clearance (customs); dispatch; processing

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Note added at 16 mins (2005-02-17 16:54:43 GMT)
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Survey: Austria - Scaling neu heights.(Abfertigung neu, severance pay provision)
Publication Date: 03-FEB-03 Publication Title: epn: European Pensions & ...

Michael\'s spot on with \"severance\"


David Hollywood
Local time: 03:23
Works in field
Native speaker of: English
PRO pts in category: 353

Peer comments on this answer (and responses from the answerer)
agree  Michael Bailey: would agree that it is salary expenses but Abfertigung usual means severance IIRC
2 mins
  -> you're absolutey right about "severence"
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21 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
Gehaltsaufwand inkl. Abfertigungs- und Pensionsrückstellungsdotierung
salary expenses (staff costs for BE) incl. allocation of severance and pension reserves


Explanation:
don't forget the Dotierung (probably pro-rata)

Ted Wozniak
United States
Local time: 01:23
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 511

Peer comments on this answer (and responses from the answerer)
agree  Michael Bailey: the Dotierung may well mean that the amount paid per annum is actually paid monthly.
5 mins
disagree  Terry Moran: Not reserves, surely? Aren't provisions different?
50 mins
neutral  RobinB: Are those US GAAP reserves, Ted? And surely allocation "to", not of.
2 hrs
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1 hr   confidence: Answerer confidence 5/5 peer agreement (net): +1
Gehaltsaufwand inkl. Abfertigungs- und Pensionsrückstellungsdotierung
staff costs including severance and pension provisions


Explanation:
This is about as simple as it can be kept.

Terry Moran
France
Local time: 08:23
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 123

Peer comments on this answer (and responses from the answerer)
agree  RobinB: OK, but I think you should insert "additions to" the provisions (it's not the provisions themselves, but the amounts transferred to the provisions and recognised in the income statement).
1 hr
  -> You're right, but it is necessary to say so? Most staff costs (i.e. salaries) could only relate to the year in question, and by implication so would these others. I wouldn't fight about it, though.
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