con cargo a beneficios
English translation: funds taken from profits
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| 15:43 May 28, 2017 |
| Spanish to English translations [PRO] Bus/Financial - Finance (general) | |||||||
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|  Selected response from: Wilsonn Perez Reyes El Salvador Local time: 08:43 | ||||||
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| 4 | funds taken from profits |
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| 4 | withdrawn from profits |
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| 3 | with interim dividends |
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Answers
13 mins confidence: 
funds taken from profits Explanation: These are funds taken from profits the company makes to its shareholders, often each six months. http://healthcare.randstadusa.com/UserProfile/userId/121938.... |
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1 hr confidence:
with interim dividends Explanation: Interim dividend — AccountingTools www.accountingtools.com/articles/what-is-an-interim-dividen... 1 Jan 2011 - An interim dividend is a distribution to shareholders that has been both declared and paid before a company has determined its full-year ... Dividend - Wikipedia https://en.wikipedia.org/wiki/Dividend A dividend is a payment made by a corporation to its shareholders, usually as a distribution of ... Interim dividends are dividend payments made before a company's Annual General Meeting (AGM) and final financial statements. This declared ... |
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11 hrs confidence:
withdrawn from profits Explanation: my take |
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Reference comments
8 mins peer agreement (net): +3 |
| Reference: Ref. Reference information: There is a gloss entry which may help. http://www.proz.com/kudoz/spanish_to_english/finance_general... GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) Spanish term or phrase: con cargo a beneficios del ejercicio English translation: charged against the financial/fiscal/year/period/profits At least for Spain, "beneficios" are "profits", same as "ganancias" elsewhere. The term "beneficios" is, as far as I know, only used in Spain. "Earnings" here in Spain are "ingresos", same as "income". IMHO. -------------------------------------------------- Note added at 2 hrs (2017-05-28 17:43:57 GMT) -------------------------------------------------- http://ddd.uab.cat/pub/infanu/22449/iaVIDRALAa2004ispa.pdf 1.- Dejando sin efecto el acuerdo adoptado en la Junta General de 18 de junio de 2003 en la parte no utilizada, autorizar a la Sociedad para que, directamente o a través de cualquiera de sus sociedades filiales, y durante el plazo máximo de dieciocho meses a partir de la fecha de celebración de la presente Junta, pueda adquirir, en cualquier momento y cuantas veces lo estime oportuno, acciones de Vidrala, S.A., por cualquiera de los medios admitidos en Derecho, incluso *****con cargo a beneficios del ejercicio**** y/o reservas de libre disposición, así como a que se puedan enajenar o amortizar posteriormente las mismas, todo ello de conformidad con el artículo 75 y concordantes de la Ley de Sociedades Anónimas. 1. Rendering the part of the resolution adopted by the General Shareholder’s Meeting on June 18, 2003 that had not been executed without effect, authori- ze the Company so that it may, directly or through any of its subsidiaries, and for a period not exceeding eighteen months from the date hereof, purchase, at any time and as many times as it may deem appropriate, shares in Vidrala, S.A., by any means permitted by law, including purchases ***** charged to the fiscal year’s profits *****and/or to free disposal reserves, and to subsequently dispose of and redeem the shares, in accordance with Article 75 and corresponding arti- cles of the Spanish Public Companies Act (“Ley de Sociedades Anónimas”). 4.- Reducir el capital social, con el fin de amortizar las acciones propias de Vidrala, S.A. que pueda mantener en su Balance, **con cargo a beneficios** o reservas libres y por el importe que en cada momento resulte conveniente o necesario, hasta el máximo de las acciones propias en cada momento existentes. 4. Reduce the share capital, in order to redeem the treasury stock of Vidrala, S.A. that it may have on its balance sheet, ***against profits*** or free disposal reserves and for the amount that at any given time may be deemed convenient or necessary, up to the maximum number of shares existing at any given moment. Not to devalue anyone's input (as it is against the rules), but I don't see anything in the text to indicate that it is "with interim dividends"! |
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