Glossary entry

Spanish term or phrase:

con cargo a beneficios del ejercicio

English translation:

charged against the financial/fiscal/year/period/profits

Added to glossary by jimdaniell
Feb 23, 2009 20:31
15 yrs ago
15 viewers *
Spanish term

con cargo a beneficios del ejercicio

Spanish to English Bus/Financial Finance (general)
Context: "La propuesta de aplicación del resultado del ejercicio (beneficio de 31.736 miles de euros) formulada por los Administradores de la Sociedad Dominante y que se someterá a la aprobación de su Accionista Único consiste en pagar, con cargo a beneficios del ejercicio, un dividendo de 0,71 euros por acción".

Many thanks!

Proposed translations

+2
12 mins
Selected

charged against the financial/fiscal/year/period/profits

See the AVH Financial, pages 81, "cargar en cuenta" and 927, "ejercicio económico". Also J.C. del Pozo's Financial Dictionary, pages 861, "ejercicio" and 772, "con cargo a".

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Note added at 14 mins (2009-02-23 20:46:31 GMT)
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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.
Peer comment(s):

agree Alex Lago
2 hrs
Gracias, Alex.
agree Rosa Paredes
4 hrs
Gracias, Rosa.
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4 KudoZ points awarded for this answer. Comment: "Many thanks!"
10 mins

payment of a dividend against profits for the year

or earnings
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11 mins

charged to current earnings

beneficios del ejercicio = fiscal year earnings = current earnings

Income Tax Procedure - Google Books Resultby Robert Hiester Montgomery - 1919 - Income tax
... TO PRIOR YEARS ARE REQUIRED TO BE CHARGED TO CURRENT EARNINGS. ... be no reduction in invested capital so far as this dividend payment is concerned. ...
books.google.com/books?id=C-tDAAAAIAAJ...
[DOC] FINANCIAL ACCOUNTING STANDARDSFile Format: Microsoft Word
... value should be charged to current earnings, as impairment loss of the asset. ..... on dividend payment (other than capital reserve and legal reserve); ...
www.kfb.or.kr/kfb_eng/file/06_15_Financial Accounting Stand... - Similar pages
SEC Info - First Indiana Corp - 10-K - For 12/31/98 - EX-13... beginning with the first quarterly dividend payment on March 16, 1999. ...... immaterial and are charged to current earnings as an adjustment to the ...
www.secinfo.com/dX359.6c.c.htm - 361k - Cached - Similar pages
SEC Info - Fidelity D & D Bancorp Inc - 10-K - For 12/31/02... value falls below cost, the difference is charged to current earnings. .... After the March 10, 2003 dividend payment date, 12432 shares of treasury ...
www.secinfo.com/dV1Eg.28.htm - 434k - Cached - Similar pages
More results from www.secinfo.com »
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-1
34 mins

with a charge to income of the year

This would be "con cargo a resultados del año" in the Spanish of Mexico.

Hope this helps.

20 years of experience with Mexico City based member firms of international top four and second tier CPA firms.
Peer comment(s):

disagree Alex Lago : beneficios is not income, income is ingresos
2 hrs
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