entkonsolidieren

English translation: unconsolidate

04:38 Jul 28, 2000

German to English translations [PRO]
Bus/Financial

German term or phrase: entkonsolidieren

"Viel Arbeit wartet also auf das Management und auf die mit der Rechnungslegung befassten Mitarbeiter, die schließlich auch noch (die Firma Y) entkonsolidieren müssen."
Frankly, I haven't got much of a clue what "entkonsolidieren" means. I tend to think it means "sell off" since it's a text about one company buying another and having to sell off a third as a condition to buy the first.
Urgent help would be greatly appreciated. Thanks.

Margit Hengsberger (X) KudoZ activity Questions: 52 (3 open) (1 without valid answers) (1 closed without grading) Answers: 34
Local time: 04:15

English translation:unconsolidate

Explanation:
This means to recalculate financial statements to eliminate the financial contributions of Y. Then the company will know how they are doing without their subsidiary.

Here is test I found on this:
"Due to corporate restructuring, no meaningful figures were available for the March 31, 1999 three-months and nine-months reporting periods. December 31, 1999 figures reflect restatement of previously reported figures to unconsolidate the results of a minority subsidiary and to include special charges. All figures reported are in U.S. dollars."

Selected response from:

Nancy Schmeing
Canada
Local time: 22:15

Grading comment

Thank you ever so much for the explanation and the reference :)
4 KudoZ points were awarded for this answer

Summary of answers provided

unconsolidate

Nancy Schmeing

what about "divide"?

Antje Ruppert

Too late again!

Dan McCrosky (X)

Answers

21 mins

unconsolidate

Nancy Schmeing
Canada
Local time: 22:15
Native speaker of:

English
PRO pts in pair: 328

Grading comment

Thank you ever so much for the explanation and the reference :)

23 mins

what about "divide"?

Explanation:
Don't you love those new age sensitive terms?

Good luck,

Antje

Antje Ruppert
United States
Local time: 22:15
Native speaker of:

German
PRO pts in pair: 73

44 mins

Too late again!

Explanation:
Too late again.

"deconsolidate" and "unconsolidate" are not listed in NODE but used in business among other things. Deconsolidate is often used when talking about school systems and the like. It is however used for companies in the sense of reducing tax liability as shown at:

http://www.ruchelaw.com/ftart/95art/9502news.html -

"At the time the regulations were issued, the I.R.S. announced that corporate groups could elect to deconsolidate if the net effect of the new regulations on the tax liability of the group is substantially adverse. In Rev. Proc. 95-11, 95-4 I.R.B. ___, the I.R.S. announced procedures for electing deconsolidation. An important aspect of the procedures is that a showing of net adverse impact will not be a requirement for a group to elect to discontinue the filing of a consolidated tax returns. To deconsolidate, I.R.S. approval must be obtained."

or

http://biz.yahoo.com/e/990820/bev.html -

"As a result of this refinancing, the Company was required by Statement of Financial Accounting Standards No. 125, "Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities," ("SFAS No. 125") to deconsolidate Beverly Funding Corporation. SFAS No. 125 provides accounting and reporting standards for sales, securitizations, and servicing of receivables and other financial assets, secured borrowing and collateral transactions, and the extinguishments of liabilities. It requires companies to recognize the financial and servicing assets it controls and the liabilities it has incurred and to deconsolidate financial assets when control has been surrendered in accordance with the criteria provided in SFAS No. 125."

For financial reporting, the term unconsolidate is very often used, as shown at:

http://biz.yahoo.com/bw/000630/tengtu_int.html -

"Due to corporate restructuring, no meaningful figures were available for the March 31, 1999 three-months and nine-months reporting periods. December 31, 1999 figures reflect restatement of previously reported figures to unconsolidate the results of a minority subsidiary and to include special charges. All figures reported are in U.S. dollars."

Especially as your context mentions reporting/accounting, I would think unconsolidate might be good.

If you are sure they mean only to sell off the third company, in the sense of "abstoßen", and not one or the other of the above meanings, then sell off, spin off or divest are possible according to Romain and Hamblock/Wessels.

HTH - Dan

Dan McCrosky (X)
Local time: 04:15
Native speaker of:

English
PRO pts in pair: 1541

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