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11:08 Oct 6, 2000
Spanish to English translations [PRO] Bus/Financial
Spanish term or phrase:método de participación
Auditor's statement regarding relation of company's financial statements to subsidiary operations. "...no incluye la consolidación de los estados financieros de su subsidiaria, la que se ha registrado por el ***método de participacón.***"
... its subsidiary, which has been registered (recorded, re-
Explanation: flected) in accordance with its mode of participation...(99%, 50%, etc.)
The mother company has holdings in the subsidiary, which are reflected in its balance as holdings (probably under the "cartera de valores" and not as part of the balance of the subsidiary (the balance of the subsidiary would be a separate statement of account).
You'd need a fuller grasp of the group structure to interpret these things with more competence.
Parrot Spain Local time: 14:19 Native speaker of: English PRO pts in pair: 7645