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Aufrechnung

09:26 Mar 2, 2016
German to English translations [PRO]
Bus/Financial - Accounting / Annual Report
German term or phrase: Aufrechnung
This is related to the "Wiedereinbringung" question I asked yesterday. In another section of the Annual Report, the funds transferred in the capital contribution agreement are described as a "Wiedereinbringung". In this section it's differrent:

X verplichtet sich – zur Verbesserung der Kapitalausstattung der Y - einen Betrag in Höhe von EUR MM im Wege der Aufrechnung mit dem gemäß Beherrschungs- und Gewinnabführungsvertrag für das Geschäftsjahr 2014 an die X abzuführenden Gewinn als Einlage in die freien Kapitalrücklagen der Gesellschaft Y (§ 272 Abs. 2 Nr. 4 HGB) einzubringen.

So here it is an "offset"? as opposed to the "return/add-back"

My attempt:

X undertakes – with the aim of improving Company Y’s capital base – to contribute funds amounting to EUR MM into the free capital reserves of Y by way of an offset of net profits from fiscal 2014 that were transferred to X under the terms of the control and profit and loss transfer agreement (Section 272(2) no. 4 HGB).
Jennifer Buller
Local time: 07:38


Summary of answers provided
4set-off
Adrian MM. (X)
3equalization payment
gangels (X)
Summary of reference entries provided
offset
Arslon Matkarimov

  

Answers


1 day 1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
set-off


Explanation:
Many glossary entries confirm this. The legal term can be used as opposed to 'offset'.

if einbringen is appropriate to the capital reserves > in die freien Kapitalrücklagen der Gesellschaft Y (§ 272 Abs. 2 Nr. 4 HGB) einzubringen > then Wiedereinbringung is a re-appropriation or write-back, rather than the non-technical idea of a 'contribution'.


    Reference: http://www.proz.com/?sp=asearch&term=Aufrechnung&from=deu&to...
Adrian MM. (X)
Local time: 07:38
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 86
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2 days 10 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
equalization payment


Explanation:
the reference is to 'Einlage' further down and to maintain capital stock whittled down by tax obligations.

BTW:
X doesn't 'undertake'... instead: X pledges.... is standard contract language

gangels (X)
Local time: 23:38
Works in field
Native speaker of: Native in EnglishEnglish, Native in GermanGerman
PRO pts in category: 122
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Reference comments


14 mins peer agreement (net): +3
Reference: offset

Reference information:
http://www.linguee.de/deutsch-englisch/search?source=auto&qu...

Arslon Matkarimov
Uzbekistan
Native speaker of: Native in UzbekUzbek, Native in GermanGerman

Peer comments on this reference comment (and responses from the reference poster)
agree  Adrian MM. (X): in law, it's called a set-off
57 mins
  -> Danke!
agree  Claudia Hoffmann
1 hr
  -> Danke!
agree  Sanni Kruger (X): that was my first inkling, too
2 hrs
  -> Thank you!
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