חברה כלולה/חברה מוחזקת/חברה מאוחדת

English translation: included company/ investee company/ consolidated subsidiary

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Hebrew term or phrase:חברה כלולה/חברה מוחזקת/חברה מאוחדת
English translation:included company/ investee company/ consolidated subsidiary
Entered by: Joab Eichenberg-Eilon

19:39 Oct 6, 2011
Hebrew to English translations [PRO]
Bus/Financial - Law: Taxation & Customs / Types of transactions and
Hebrew term or phrase: חברה כלולה/חברה מוחזקת/חברה מאוחדת
I find it confusing to distinguish between the different kinds of corporations in the Israeli tax code.
In תקנות ניירות ערך (דוחות כספים שנתיים) התש"ע 2010 there are explanations regarding those differences.
In a financial statement I am coming across at least two (מוחזקת ומאוחדת) and I need a proper pair of English terms to distinguish between them. In my searches I found "affiliates," "subsidiaries," etc, but, for example, חברה מוחזקת has to be resident abroad in a country with a tax agreement with Israel
Any help will be appreciated, and especially an official English version of the above תקנה
Joab Eichenberg-Eilon
United States
Local time: 10:03
included company/ investee company/ consolidated subsidiary
Explanation:
Investment in an included company
The provisions applying to an investment in an included company are those of Standard 15 concerning recognition of the reversal of a loss from impairment.
With the coming into force of Accounting Standard No. 15 of the Israel Accounting Standards Board, many companies have recognized losses in respect of the impairment of their investments in investee companies
Consolidated subsidiary - whose reports are prepared in consolidation with those of the parent
in investee companies
Selected response from:

judithyf
Local time: 17:03
Grading comment
Thanks, Judith.
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +1included company/ investee company/ consolidated subsidiary
judithyf
3Consolidated / Held companies....see explanation
Ty Kendall


Discussion entries: 2





  

Answers


30 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
Consolidated / Held companies....see explanation


Explanation:
It defines:
חברה מאוחדת, חברה בת מאוחדת; איחוד חברות
as "Consolidated company; Consolidated subsidiary company; Consolidation of companies"

and "חברה מוחזקת"
as "Held Company"

Not sure if this is any help.












    Reference: http://www.hebrewenergy.com/starts/%D7%97
Ty Kendall
United Kingdom
Local time: 15:03
Works in field
Native speaker of: English
PRO pts in category: 4
Login to enter a peer comment (or grade)

9 hrs   confidence: Answerer confidence 5/5 peer agreement (net): +1
included company/ investee company/ consolidated subsidiary


Explanation:
Investment in an included company
The provisions applying to an investment in an included company are those of Standard 15 concerning recognition of the reversal of a loss from impairment.
With the coming into force of Accounting Standard No. 15 of the Israel Accounting Standards Board, many companies have recognized losses in respect of the impairment of their investments in investee companies
Consolidated subsidiary - whose reports are prepared in consolidation with those of the parent
in investee companies


    Reference: http://www.isa.gov.il/Download/IsaFile_974.pdf
judithyf
Local time: 17:03
Works in field
Native speaker of: English
PRO pts in category: 28
Grading comment
Thanks, Judith.

Peer comments on this answer (and responses from the answerer)
agree  Sandra & Kenneth Grossman
8 hrs
  -> Thank you Sangro
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