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English to Polish translations [PRO] Bus/Financial - Accounting
English term or phrase:maximum cash exposure
Definicja z wytycznych opisujących wewnątrzfirmowy proces sporządzania i oceny wniosków o przyznanie środków na inwestycje:
*Maximum Cash Exposure*
Maximum Cash Exposure is the total accumulation of cash outflow that occurs until such time as the project begins to reflect a positive net after-tax cash flow. Positive operating cash flows do not reduce Maximum Cash Exposure. If the project has operating losses in the early years, the Maximum Cash Exposure could be greater than the sum of capital spending plus increases in working capital. Maximum cash exposure should be the sum of capital spending, first operating year's increase in Working Capital and any negative operating cash flows for the period until the net after-tax cash flows become positive.