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TS-Erschw-Zlg. - Gr. 1
13er Bogen / 20er Bogen

Glossary entry

German term or phrase:

verfügt über eine zufriedenstellende Ertragslage

English translation:

has achieved satisfactory results of operations [HGB accounting]

Added to glossary by Sebastian Witte
Aug 4, 2023 15:34
10 mos ago
41 viewers *
German term

Ertragslage

German to English Bus/Financial Accounting
Hi,

This is from a 2022 annual report.

Bei geordneten Finanz- und Vermögensverhältnissen verfügt die Sparkasse nach Auffassung des Vorstandes der Sparkasse über eine zufriedenstellende ***Ertragslage***.

The KudoZ glossary has "earnings". But then, if all accounting were about distinguishing between assets (V) and earnings (E), why do we have a VFE-Lage then? That's a third entity coming into the picture, really. Also compare sentence above. I was even considering "cash flows".

Best regards,
Proposed translations (English)
3 +1 (financial) performance
4 general level of profitability & earnings
3 consolidated financial statements

Discussion

Susan Starling Aug 8, 2023:
Re your question about why we have VFE-Lage It's not just about distinguishing between assets and earnings, but between assets, earnings and cash flows. Vermoegenslage refers to assets, Finanzlage to cash flows and Ertragslage to earnings. But it gets tricky because the standard translations used differ depending on whether we're talking HGB or IFRS. Vermoegenslage is "financial position" in IFRS and (generally) "net assets" in HGB. Ertragslage is "financial performance" in IFRS and "results of operations" in HGB. Finanzlage is where it gets tricky, because this actually refers to "cash flows" but the standard HGB translation is, unfortunately, "financial position" - which is the IFRS term to refer to "assets". From the context I can see why you'd consider "cash flows", but I believe this would actually refer to earnings, i.e. either "results of operation" (HGB) or "financial performance" (IFRS).
Sebastian Witte (asker) Aug 4, 2023:
This concerns HGB accounting.
Susan Starling Aug 4, 2023:
Re your question about why we have VFE-Lage It's not just about distinguishing between assets and earnings, but between assets, earnings and cash flows. Vermoegenslage refers to assets, Finanzlage to cash flows and Ertragslage to earnings. But it gets tricky because the standard translations used differ depending on whether we're talking HGB or IFRS. Vermoegenslage is "financial position" in IFRS and (generally) "net assets" in HGB. Ertragslage is "financial performance" in IFRS and "results of operations" in HGB. Finanzlage is where it gets tricky, because this actually refers to "cash flows" but the standard HGB translation is, unfortunately, "financial position" - which is the IFRS term to refer to "assets". From the context I can see why you'd consider "cash flows", but I believe this would actually refer to earnings, i.e. either "results of operation" (HGB) or "financial performance" (IFRS).

Proposed translations

+1
30 mins
Selected

(financial) performance

Peer comment(s):
agree Susan Starling : When used in a general sense as in the link provided, or if they're IFRS financial statements. The Bundesbank actually uses "results of operations" in its financial statements, which I suspect is what will be relevant here too. Hi Annette :)
4 hrs
Hi Susan 🙂
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3 KudoZ points awarded for this answer. Comment: "Danke"
11 mins

consolidated financial statements

Term reference: OECD: OECD/G20 Base Erosion and Profit Shifting Project – Action 13: Country-by-Country Reporting Implementation Package. OECD, 2015. OECD > Tax > Transfer pricing > 'BEPS Action 13: Country-by-Country Reporting Implementation Package' (15.2.2022)

Term reference: Council Directive (EU) 2016/881 of 25 May 2016 amending Directive 2011/16/EU as regards mandatory automatic exchange of information in the field of taxation

Definition: balance sheet, profit and loss account and notes thereto, in which the figures relating to a parent company and some or all of its subsidiaries are combined, as if the companies concerned formed a single entity

Definition reference: International Accounting Lexicon, UEC-Group Accounts



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Note added at 18 λεπτά (2023-08-04 15:52:52 GMT)
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Term in context: "Da die wirtschaftliche Einheit Konzern in Bezug auf den Konzernabschluss wie ein rechtlich einheitliches Unternehmen (Einheitsfiktion) anzusehen ist, werden durch den Konzernabschluss grundsätzlich die gleichen Ziele verfolgt wie durch den Jahresabschluss IATE:792561 : Der Konzernabschluss soll im Rahmen der Grundsätze ordnungsmäßiger Buchführung (GoB) ein den tatsächlichen Verhältnissen entsprechendes Bild der Vermögens-, Finanz- und Ertragslage vermitteln."

Context reference: Gabler Wirtschaftslexikon http://wirtschaftslexikon.gabler.de/Definition/konzernabschl...

The translated term in English is preferred in IATE .
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7 hrs

general level of profitability & earnings

VFE = Vermögens-, Finanz- und Ertragslage ? it's not very clear from the question, as at conferences where all of us are expected to know obscure or hip abbreviations and acronyms, but financial position, cash flows and financial performance would IMO switch the emphasis away from a dull-thud "results of operation" (HGB) vs. "financial performance" (IFRS).to a journalistic turn of phrase, such as a general level of profitability or earnings:

... verfügt die Sparkasse nach Auffassung des Vorstandes der Sparkasse über eine zufriedenstellende ***Ertragslage*** > the Savings Bank (BrE: Building Society), in the opinion of its Board of Directors / Governing Board / commands (features / boasts / is erved by) a 'satisfactory level of earnings and pofitability'.



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Note added at 7 hrs (2023-08-04 22:54:21 GMT)
--------------------------------------------------

commands (features / boasts / is *served* by ...
Example sentence:

IATE: de Ertragslage für Investitionen (1) Consilium Rentabilität der Investition (2) en profitability of productive investment

Vermögenslage = Financial position Finanzlage = Cash flows Ertragslage = Financial performance

Reference:

https://www2.proz.com/kudoz/german-to-english/accounting/1825838-verm%C3%B6gens-finanz-und-ertragslage.html

http://certifiedbb.com/seller-info/levels-of-earnings/

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