le compte de résultat

English translation: [paid out of] income/profit and loss

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
French term or phrase:le compte de résultat
English translation:[paid out of] income/profit and loss
Entered by: Timothy Rake

16:44 Sep 7, 2013
French to English translations [PRO]
Bus/Financial - Finance (general) / Final Agreement for Services
French term or phrase: le compte de résultat
I know what this term NORMALLY means, and I know it is in the glossary/term search data base. But I'm having trouble understanding the expression that "management fees will be financed (paid) by/from the Income Statement." Could there be a larger sense here as in "paid from operating income"?

Your wisdom is appreciated. P.S. the context is Algeria. Could it be a quirk of language use in the Maghreb?

"Conformément au Contrat dénitif, au titre de la rémunération pour ses services de gestion, l’operateur a droit à des honoraires de gestion mensuels équivalent à 5 % des revenus bruts encaissés mensuellement par l’operateur pour l'exploitation du XYZ, stipulant toutefois qu'en aucun cas le montant annuel de ces honoraires ne puisse être inférieur à [800 000] dollars américains. Ces honoraires de gestion mensuels seront financés par ****le compte de resultat."****
Timothy Rake
United States
Local time: 01:02
[paid out of] income/profit and loss
Explanation:
Algeria has aligned its accounting plan with IFRS and is moving its national GAAP in that direction. Stick with IFRS terminology in English -- which does not include "profit and loss *account*" (the old name for the income statement in the UK) but does include flow phrases such as "through profit and loss".
Certainly "P&L" and "P&L account" is common jargon inside companies, but those terms probably wouldn't be used in a contract.
Selected response from:

rkillings
United States
Local time: 01:02
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1[paid out of] income/profit and loss
rkillings
4from the profit and loss account / from operating profit
Daryo
3operating account
Sone-Ngole Alvin Ngole


Discussion entries: 8





  

Answers


17 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
operating account


Explanation:
Operating account, nominal account, temporary account...
http://www.btb.termiumplus.gc.ca/tpv2alpha/alpha-eng.html?la...

Sone-Ngole Alvin Ngole
Local time: 09:02
Native speaker of: Native in EnglishEnglish, Native in FrenchFrench
PRO pts in category: 4
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19 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
from the profit and loss account / from operating profit


Explanation:
"Ces honoraires de gestion mensuels seront financés par le Compte de résultat.

"En cas de fonds insuffisant sur le Compte de résultat pour financer les honoraires mensuels de gestion, le Propriétaire versera a l’operateur ses honoraires de gestion...."

The management fee has to be taken from the operating profit, as shown in the "profit and loss account"

Daryo
United Kingdom
Local time: 09:02
Specializes in field
Native speaker of: Native in SerbianSerbian, Native in FrenchFrench
PRO pts in category: 195
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1 day 1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
[paid out of] income/profit and loss


Explanation:
Algeria has aligned its accounting plan with IFRS and is moving its national GAAP in that direction. Stick with IFRS terminology in English -- which does not include "profit and loss *account*" (the old name for the income statement in the UK) but does include flow phrases such as "through profit and loss".
Certainly "P&L" and "P&L account" is common jargon inside companies, but those terms probably wouldn't be used in a contract.


    Reference: http://www.adoptifrs.org/CountryDescription.aspx?CID=2
rkillings
United States
Local time: 01:02
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 1140

Peer comments on this answer (and responses from the answerer)
agree  Karen Stokes
1 day 22 hrs
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