Italian translation: smobilizzo degli accantonamenti per i bonus
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English to Italian translations [PRO] Bus/Financial - Finance (general) / budget report
English term or phrase:release of bonus accruals
Although Coke and Glass Americas both achieved above budget gross margins the overall result was depressed by Cetek and Coke Aspac who both made losses at the gross margin level.
However, operating expenses were 18.8% below budgeted levels, primarily due to the release of bonus accruals.
YTD we are now 5.9% behind budgeted profit but 36.9% ahead of the prior year.