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asi como las operaciones del ejercicio

English translation: as well as the transactions of the financial/fiscal year


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:asi como las operaciones del ejercicio
English translation:as well as the transactions of the financial/fiscal year
Entered by: Edward Tully
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21:12 Aug 2, 2011
Spanish to English translations [PRO]
Bus/Financial - Finance (general) / Annual report
Spanish term or phrase: asi como las operaciones del ejercicio
Las cuentas anuales se presentan con integración de las uniones temporales de empresas en las que participa la Sociedad mediante el sistema de integración proporcional, es decir, mediante la incorporación de la cuota parte correspondiente a la compañía por su participación en aquellos entes tanto en resultados como en el balance, practicándose las oportunas eliminaciones de saldos de activo y pasivo, así como las operaciones del ejercicio.

If someone can help me make sense of this, I'd be very grateful. I understand that the financial statement needs to be presented alongside those of the other members of the joint venture (where the company holds a cuota share which corresponds to their holding in organisations in the income statement and the balance sheet)...but the last bit I get lost!
Kate White
United Kingdom
Local time: 08:48
as well as the transactions of the financial/fiscal year
Explanation:
The meaning is that because of the Company's proportional holding, it needs to "make the appropriate deletions/retirements from the asset and liability balances as well as (from) the..."
Selected response from:

Edward Tully
Local time: 09:48
Grading comment
Thanks!
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1as well as the transactions of the financial/fiscal year
Edward Tully
Summary of reference entries provided
similar language in Acciona's 2003 annual report
John Rynne

  

Answers


1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
as well as the transactions of the financial/fiscal year


Explanation:
The meaning is that because of the Company's proportional holding, it needs to "make the appropriate deletions/retirements from the asset and liability balances as well as (from) the..."

Edward Tully
Local time: 09:48
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 647
Grading comment
Thanks!

Peer comments on this answer (and responses from the answerer)
agree  rich.
3 hrs
  -> many thanks! ;-)
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Reference comments


9 hrs
Reference: similar language in Acciona's 2003 annual report

Reference information:
avalable in both Spanish and English
"The joint ventures, groupings and consortia in which the consolidated companies participate were included in the 2003 financial statements of the consolidated companies by the proportional integration method, i.e. by inclusion of the proportional part corresponding to each company’s share in the income and balance sheet items of those entities, after the appropriate eliminations of asset and liability balances and intercompany transactions in the year."


    Reference: http://www.acciona.es/secciones/0002040307/Es/2003-MemoriaAn...
    Reference: http://www.acciona.com/media/25863/2003-informeanualcons-i.p...
John Rynne
Spain
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 442
Note to reference poster
Asker: Thanks very much, this is really useful!

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Changes made by editors
Aug 7, 2011 - Changes made by Edward Tully:
Created KOG entryKudoZ term => KOG term


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