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refrescamiento de quebrantos

English translation: financial losses refreshing

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:refrescamiento de quebrantos
English translation:financial losses refreshing
Entered by: Ana Terzaghi

13:01 Feb 28, 2012
Spanish to English translations [PRO]
Bus/Financial - Finance (general)
Spanish term or phrase: refrescamiento de quebrantos
Argentine management letter from the financial auditors, containing a raft of recommendations:

"La compañía ha ajustado como una mayor ganancia impositiva los importes provenientes de las actualizaciones del contrato mencionado en los párrafos anteriores. Las mismas no han sido devengadas contablemente en el pasado. Si bien se trata en principio de un ajuste pro fisco, el mismo se compensa con quebrantos que de otra forma hubieran prescripto (refrescamiento de quebrantos)."

I am taking "ajuste pro fisco" to mean an "increase in taxable earnings", which the company has offset against losses that would otherwise have prescribed by lapse of time. No idea how to phrase refrescamiento de quebrantos, although I do understand the underlying idea.

Any input much appreciated!
Will Griffin
Spain
Local time: 21:21
financial losses refreshing
Explanation:
My interpretation. It can be found in several technical PDFs in internet websites
Selected response from:

Ana Terzaghi
Uruguay
Local time: 17:21
Grading comment
Thanks a lot.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1financial losses refreshing
Ana Terzaghi


  

Answers


32 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
financial losses refreshing


Explanation:
My interpretation. It can be found in several technical PDFs in internet websites

Ana Terzaghi
Uruguay
Local time: 17:21
Specializes in field
Native speaker of: Spanish
PRO pts in category: 20
Grading comment
Thanks a lot.

Peer comments on this answer (and responses from the answerer)
agree  patinba: Financial loss refreshing
34 mins
  -> Muchas gracias!!
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