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
  1. KudoZ™ Top
  2. German to English
  3. Accounting

Wertberichtigung

English translation: write-downs

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Wertberichtigung
English translation:write-downs
Entered by: Ted Wozniak

13:34 Aug 7, 2014
German to English translations [PRO]
Bus/Financial - Accounting
German term or phrase: Wertberichtigung
Bei den Vorräten wurden im Geschäftsjahr keine nennenswerten Wertberichtigungen auf den Nettoveräußerungswert vorgenommen.

With regard to inventories, no notable value adjustments were made to the net sales value in the business year.

---

It's from a consolidated HGB financial statement.
scottmw90
Local time: 08:10
write-downs
Explanation:
There were no significant "write-downs to the net realizable value" during the fiscal year.

See IAS 2 Inventories paragraph 28 & 29 "The practice of writing inventories down below cost to net realisable value is consistent with the view that assets should not be carried in excess of amounts expected to be realised from their sale or use. Inventories are usually written down to net realisable value item by item."

--------------------------------------------------
Note added at 23 mins (2014-08-07 13:58:33 GMT)
--------------------------------------------------

Sorry, didn't see you had HGB and not IFRS. While "valuation allowances" is indeed the HGB English term and I would use that for the name of a line item, in Fließtext such as this I would still use "write-downs" for stylistic reasons. If you want to use valuation allowances then you can say "no significant valuation allowances were taken/recognized".
Selected response from:

Ted Wozniak
United States
Local time: 02:10
Grading comment
Thanks again!
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +1write-downs
Ted Wozniak
3cumulative value adjustments
NUFCrichard (X)
5 -2depreciation
Claudia Hoffmann


Discussion entries: 1





  

Answers


3 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
cumulative value adjustments


Explanation:
The total change in value of the inventory


    Reference: http://www.linguee.de/englisch-deutsch/uebersetzung/cumulati...
NUFCrichard (X)
Germany
Local time: 09:10
Native speaker of: Native in GermanGerman, Native in EnglishEnglish
Login to enter a peer comment (or grade)

19 mins   confidence: Answerer confidence 5/5 peer agreement (net): +1
write-downs


Explanation:
There were no significant "write-downs to the net realizable value" during the fiscal year.

See IAS 2 Inventories paragraph 28 & 29 "The practice of writing inventories down below cost to net realisable value is consistent with the view that assets should not be carried in excess of amounts expected to be realised from their sale or use. Inventories are usually written down to net realisable value item by item."

--------------------------------------------------
Note added at 23 mins (2014-08-07 13:58:33 GMT)
--------------------------------------------------

Sorry, didn't see you had HGB and not IFRS. While "valuation allowances" is indeed the HGB English term and I would use that for the name of a line item, in Fließtext such as this I would still use "write-downs" for stylistic reasons. If you want to use valuation allowances then you can say "no significant valuation allowances were taken/recognized".

Ted Wozniak
United States
Local time: 02:10
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 762
Grading comment
Thanks again!

Peer comments on this answer (and responses from the answerer)
neutral  philgoddard: Why down? Couldn't it be up?
8 mins
  -> Because inventories are not allowed to be written up. Lower of cost or market principle applies.
agree  RobinB: Don't worry, "write-downs" is perfectly OK here. Note to philgoddard: you don' write "up" to net realisable value. We're talking here about the "lower of cost or market value" principle. And German GAAP doesn't reverse write-downs of current assets anyway
1 hr
Login to enter a peer comment (or grade)

44 mins   confidence: Answerer confidence 5/5 peer agreement (net): -2
depreciation


Explanation:
depreciation

Claudia Hoffmann
Germany
Local time: 09:10
Specializes in field
Native speaker of: Native in GermanGerman
PRO pts in category: 14

Peer comments on this answer (and responses from the answerer)
disagree  RobinB: Inventories are current assets. Current assets aren't depreciated.
57 mins
disagree  Jean-Marie Schlömer: http://de.wikipedia.org/wiki/Wertberichtigung ; "Wertberichtigungen werden meist beim Umlaufvermögen vorgenommen, während beim Anlagevermögen die direkte Abschreibung beim Vermögensposten üblich ist. "
1 hr
Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

Return to KudoZ list

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

See also:
ProZ.com term search
Search millions of term translations
Close search
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search