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Italian to English translations [PRO]
Bus/Financial - Accounting / Relazione annuale ai soci | | Italian term or phrase: "Riserva accantonamento utili su cambi da valutazione" | Hello!
I am translating (Italian to English) the annual report of company.
In the final part, it states the destination of the operating income through a list.
I have some problems with the following:
- riserva accantonamento utili su cambi da valutazione
(my attempt: profit provisions on valuation exchange
rate)
- riserva accantonamento utili (my attempt: profit
provisions)
Please, does anybody know their English equivalent?
Thanks very much
Marta |
| Marta BrottoKudoZ activityQuestions: 9 (none open) Answers: 0
| Local time: 04:49
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| | Foreign currency translation reserve (gains) | Explanation:
L'art. 2426, punto 8 bis, richiede che, qualora dal processo di valutazione ai cambi della chiusura dell'esercizio delle poste in valuta emerga un utile netto, tale valore deve essere accantonato in un'apposita riserva non distribuibile fino al realizzo.
http://72.30.186.56/search/cache?ei=UTF-8&p="traduzione""uti...
Foreign currency translation differences shall be recognised in equity in a foreign currency reserve Foreign currency translation - Consolidation procedures [IAS21R.39].
http://www.pwc.com/extweb/service.nsf/docid/c3963019b15826ba...
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Note added at 4 hrs (2008-08-31 21:11:23 GMT)
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If the foreign currency translation reserve is not included in the effectiveness ... to remind entities that they would have to track the amounts in the foreign ...
www.iasplus.com/ifric/ias21hedgenetinvestment.htm
Foreign currency translation reserve The foreign currency translation reserve is used to record exchange differences relating to
the translation of the net assets and results of foreign subsidiaries.
http://72.30.186.56/search/cache?ei=UTF-8&p="foreign currenc...
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Note added at 4 hrs (2008-08-31 21:11:59 GMT)
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Note: although I really don't think the word "gains" is necessary here |
| Selected response from:
  Ivana UK
United Kingdom
Local time: 03:49
| Grading comment | 4 KudoZ points were awarded for this answer |
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| Discussion entries: 0 |
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| Changes made by editors |
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| Mar 15, 2009 - Changes made by Ivana UK: | | Edited KOG entry | Marta Brotto's old entry - ""Riserva accantonamento utili su cambi da valutazione"" => "Foreign currency translation reserve (gains)" |
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