This site uses cookies. Some of these cookies are essential to the operation of the site, while others help to improve your experience by providing insights into how the site is being used. For more information, please see the ProZ.com privacy policy.
Cookie settings
klar til takt
overblick

Glossary entry

Danish term or phrase:

formuetilgang/afgang

English translation:

net worth increase/decrease

    The asker opted for community grading. The question was closed on 2013-07-25 09:54:11 based on peer agreement (or, if there were too few peer comments, asker preference.)
Jul 22, 2013 06:36
10 yrs ago
1 viewer *
Danish term

formuetilgang/afgang

Danish to English Bus/Financial Law: Taxation & Customs statement of accounts
Is there a specific term for this or is it simply another word for income/expenditure?
Proposed translations (English)
4 net worth increase/decrease
3 increase/decrease in capital
2 (bal. sheet) addition(s)/disposal(s) of assets

Discussion

David Young (X) Jul 22, 2013:
OK Phil - thanks for that.
phil curry (asker) Jul 22, 2013:
I'm going to go with the Net Worth one David...it's tax accounts for a Danish farmer who also has holdings in England and Net Worth increase/decrease seems to work best as the term covers a broad range of items from property value to machinery depreciation - both as part of the business and privately. It's for HMRC.
David Young (X) Jul 22, 2013:
Phil - I think you're going to have to give us a bit more information about where this appears. Is it in the P&L account (aka Income and Expenditure Statement) or on the Balance Sheet? Is it an individual, a limited company, an investment trust or another form of organisation (e.g. charity, local association).

Proposed translations

47 mins
Selected

net worth increase/decrease

Without further context, I assume this to be a line in the accounts which indicates the increase or decrease in the Net Worth (i.e. Assets less Liabilities) of a business or individual, which isn't necessarily the same as profit.
http://www.extension.iastate.edu/agdm/wholefarm/html/c3-19.h...

--------------------------------------------------
Note added at 1 hr (2013-07-22 08:24:39 GMT)
--------------------------------------------------

Probably better formulated as "Increase/Decrease in Net Worth"
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "I think this is it, because as you say it's not the same as profit and loss. It includes the value of buildings/machinery etc too. So Net Worth it is."
2 hrs

(bal. sheet) addition(s)/disposal(s) of assets

As a statement of accounts includes (BE) profit and loss account/(AE) income statement as well as general balance sheet with (fixed = *disposable + addable*) assets and/or flow-of-fund analysis, it is very difficult to answer this question without knowing the a/c concerned and main or sub-heading.

Suffice it to say that no previous ProZ answer seems to be astute to the asset addition vs. disposal contrast.


Example sentence:

Additions and Disposals. In order to calculate the total value of a businesses\\\' assets and the total of amount of depreciation www.leoisaac.com/fin/fin110.htm‎

Reference:

http://www.proz.com/kudoz/danish_to_english/finance_general/2169775-afgang.htm

Something went wrong...
6 hrs

increase/decrease in capital

Looking on the Internet:

Tilgang = Profit for year, new borrowings
Afgang = Loss for year, repayments

So not assets in general or net assets, and not additions and disposals, it's more of a funds flow thing over the year as a whole

--------------------------------------------------
Note added at 1 day3 hrs (2013-07-23 10:02:59 GMT)
--------------------------------------------------

This doesn't apply in the context belatedly provided, but it does to the more usual use of the terms
Something went wrong...
Close search
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search