soortreserve

English translation: (share) class reserve

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

Dutch term or phrase:	soortreserve
English translation:	(share) class reserve
Entered by:	writeaway

10:24 Feb 9, 2006

Dutch to English translations [PRO]
Bus/Financial - Finance (general)

Dutch term or phrase: soortreserve

Term is used several times in the same doc and need to know the exact translation. I have no 'natural feel' for this sort of terminology and even if my guess turned out to be correct (unlikely), I wouldn't be able to judge that on my own. Fwiw-my 100% guess is class reserve.

context:
.... toe te rekenen deel van die aan de aandelen verbonden *Soortreserve* ...

... waarde van de geplaatste aandelen van de betreffende soort en de daaraan verbonden *Soortreserve*

TIA

writeaway

classification reserve

Explanation:
the shares can be classified by type or numbers held

see ref:

[PDF] ‘A’ Data Definitions Acceptances Outstanding Accounting Method ...
Bestandsformaat: PDF/Adobe Acrobat - HTML-versie
divide all share data (shares traded, common shares outstanding) by the ...
Classification reserve. 4. Conditional tax-exempt allocations (betinget ...
140.123.21.10/ri/manual/globdata/Part2a.pdf

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Note added at 2 hrs (2006-02-09 12:49:54 GMT)
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IFRS reference:

Income Statement
... item excludes appropriations to reserves (included in Shareholders’ Equity). ... Allocation
to pension fund; Capital reserve; Classification reserve; Conditional tax ...
mi.compustat.com/docs-mi/help/inc_ic.htm

PDF] ODFJELL DRILLING ANNUAL REPORT
Bestandsformaat: PDF/Adobe Acrobat - HTML-versie
provision for classification reserve ... Equity of the respective subsidiaries
using the acquisition. method. excess values over and above book values are ...
www.odfjelldrilling.com/FileArchive/ 64/Odfjell_Drilling_Annual_Report_2002.pdf

--------------------------------------------------
Note added at 8 hrs (2006-02-09 19:09:29 GMT)
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following Jarry's correct disagree, there is a possibility that this is a type of 'share premium reserve' which is an item of the shareholders' equity in the balance sheet's liabilities [and equity]section, where premiums paid in excess of a share's face value are accounted for

Selected response from:

Dave Calderhead
Netherlands
Local time: 22:53

Grading comment

This presented quite a prob from this end and ultimately class reserve was what the end client wanted. Thanks for your help Dave and thanks to peers too.
3 KudoZ points were awarded for this answer

Summary of answers provided

4 +1

classification reserve

Dave Calderhead

Answers

29 mins confidence:

peer agreement (net): +1

classification reserve

Dave Calderhead
Netherlands
Local time: 22:53
Specializes in field
Native speaker of: English
PRO pts in category: 251

Grading comment

This presented quite a prob from this end and ultimately class reserve was what the end client wanted. Thanks for your help Dave and thanks to peers too.

Peer comments on this answer (and responses from the answerer)

agree

Deborah do Carmo: yes they are divided into classes/types (depending on where you are), Class or Type A, B etc

4 mins

-> Thanks, Deborah (:-{)>

agree

D.K. Tannwitz

1 hr

-> Thanks, W. (:-{)>

disagree

jarry (X): Sorry Dave, but your references and suggested answer are not convincing. I do not believe it is a standard English term. In addition, we are not even sure exactly what "soortreserve" means. 'Share premium account would be a very different kettle of fish.

1 hr

-> Hoi Jarry - see new note (:-{)>// another new note = perhaps it is a misnomer for agio reserve

neutral

Ken Cox: Not being overly burdened by a knowledge of the subject, I wonder whether this simply means a 'designated reserve' (i.e. a particular type of reserve) - in the case of the provided context the reserve related to shares (whatever the proper name might be)

10 hrs

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