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unskilled labourer assigned to the bottom floor (tapping level) of a blast furnace
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This question was closed without grading. Reason: Answer found elsewhere
Mar 15, 2008 22:25
16 yrs ago
13 viewers *
English term

upstream

English Bus/Financial Accounting
Dear all!

Could anyone provide me with an explanation of this term?

This is the sentence where the term is found:

"In the calculation of the profit contribution on sales, transfer prices approximating market value for **upstream products** should be used. If such pricing is not available, the **upstream product** should be priced at an amount that would earn the cost of capital on the **upstream assets**."

Any help appreciated!
Responses
2 +3 stage in gas/oil extraction and production before the raw material is ready for re
4 base (products)

Discussion

ErichEko ⟹⭐ Mar 19, 2008:
Well, because you have found the answer yourself, you should close this KudoZ without selecting any proposed answer and with "answer found elsewhere" reason.
Adam Załuski (asker) Mar 18, 2008:
I found this only now: UPSTREAM / DOWNSTREAM SALES is normally associated with inter-company sales: Upstream is a subsidiary selling into the parent entity; while downstream is the parent selling into a subsidiary.

I think this fits my context very well
Jack Dunwell Mar 16, 2008:
Adam, does this relate, would you say, to intra group supply of products, where the cost/transfer price and stock valuation might need adjustment to show profits more accurately in each set of accounts (zero effect on consolidation)?

Responses

+3
15 mins

stage in gas/oil extraction and production before the raw material is ready for re

http://www.webopedia.com/TERM/u/upstream.htm

http://www.encyclopedia.com/doc/1O999-upstream.html

http://www.balli.co.uk/Activities/Balli_Steel/Markets_segmen...

http://www.answers.com/topic/nalco-company-energy-services-d...

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Note added at 18 mins (2008-03-15 22:43:30 GMT)
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"upstream - at a stage in the process of gas or oil extraction and production before the raw material is ready for refining."

http://www.streetauthority.com/cmnts/cp/2007/08-16-mlps.asp
"By contrast, "upstream" assets like oil and gas producing properties have been stowed away into income trusts."
Peer comment(s):
agree Michael Tovbin : oil, gas, or condensate. Anything directly extractable from the ground.
35 mins
thanks!
agree Phong Le
3 hrs
thanks!
agree ADELLEBJ
2 days 9 hrs
Something went wrong...
9 hrs

base (products)

I understand it as those products, which in the production chain to the end customer, are "upstream" i.e. before the viewpoint of the writer; an example of such usage of "upstream product" is in the link.
Reference:

http://www.researchinchina.com/report/Telecommunications/1375.html

Peer comment(s):
neutral Jack Dunwell : Yes. However, we are looking at adjusting the accounting to eliminate under/over transfer values, wouldn't you say, Vittorio ie in a group context.
2 hrs
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