Glossary entry (derived from question below)
German term or phrase:
Drohverlustrückstellung
English translation:
provision for anticipated losses/provision for onerous contracts/accrued contract losses
Added to glossary by
Dawn Montague
May 26, 2004 04:27
20 yrs ago
7 viewers *
German term
Drohverlustrückstellung
German to English
Bus/Financial
Accounting
In a sheet of selected financial data on a company:
"EBITDA = Gewinn vor Zinsen, Steuern und Abschreibungen; EBITDA im Jahr 2003 ist in Höhe von EUR 28,9 Mio. einmalig durch die Auflösung einer Drohverlustrückstellung beeinflusst."
"EBITDA = Gewinn vor Zinsen, Steuern und Abschreibungen; EBITDA im Jahr 2003 ist in Höhe von EUR 28,9 Mio. einmalig durch die Auflösung einer Drohverlustrückstellung beeinflusst."
Proposed translations
(English)
Change log
Jun 5, 2008 07:58: Steffen Walter changed "Term asked" from "Drohverlustr�ckstellung" to "Drohverlustrückstellung" , "Field (specific)" from "Finance (general)" to "Accounting"
Proposed translations
+2
38 mins
Selected
provision for anticipated losses/provision for onerous contracts/accrued contract losses
You don't say which accounting standard is involved, so I've given HGB/IAS(IFRS)/US GAAP (in that order). The US GAAP term is less specific because there's no direct counterpart to the more general HGB concept (HGB s. 294(1)), although it's conceivable for long-term construction contracts. It wouldn't normally be reported separately under US GAAP, though. The IAS provision is specifically required by IAS 37.69.
4 KudoZ points awarded for this answer.
Comment: "Thanks - I appreciate the discussion, too."
17 mins
contingency loss provision
or reserve for anticipated losses
2 hrs
Steffen Walter
Germany
Germany
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Related KudoZ points
:
444
German term (edited):
Auflösung einer Drohverlustrückstellung
(release/reversal of a) bad debt provision
While RobinB is right in strict accounting (and balance sheet) terms, I'd use the above here as your text seems to be a mere commentary on the company's financial performance.
3 hrs
reserves for pending loss
Auflösung: release of reserves for pending loss.
Auflösung is sometimes defined as write-off which is incorrect due to the fact that reserves have to be released prior to doing anything else with it.
Auflösung is sometimes defined as write-off which is incorrect due to the fact that reserves have to be released prior to doing anything else with it.
8 hrs
[cancellation of a] potential loss reserve
is best here, because we don't know how and why the losses piled up. therefore, 'bad debts' is wrong.
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