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  3. Accounting

Appropriation and division of profits

English translation: przeznaczenie i podział zysku

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Polish term or phrase:Appropriation and division of profits
English translation:przeznaczenie i podział zysku
Entered by: Michał Kraska

12:34 Jun 8, 2010
Polish to English translations [PRO]
Bus/Financial - Accounting
Polish term or phrase: Appropriation and division of profits
In compliance with the law, first the reserve appropriations are drawn from the profit of each accounting period, depreciated by earlier losses, as relevant.

This way five percent is drawn to create statutory provision; this requirement no longer applies if the fund has reached the value of 0.1 of the initial capital and it is renewed if, for any reason, the value of the statutory reserve falls below the established level.

Profits for division consists of the profit for a given accounting period, depreciated by earlier losses and by amounts transferred to the provision according to the law or the statute and increased by undivided profit.

The existing balance is divided among all the shares in proportion to the amount of repayment or lack of amortization.

The General Shareholders Meeting may grant the shareholders, in regard to a part or the whole of divided dividend or dividend prepayments, the choice between the payment of the dividend in cash or in shares, on the conditions compliant with the legal regulations.
Michał Kraska
Poland
Local time: 15:46
przeznaczenie i podział zysku
Explanation:
hth
Selected response from:

Adam Lankamer
Poland
Local time: 15:46
Grading comment
thx
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1przeznaczenie i podział zysku
Adam Lankamer


  

Answers


2 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
przeznaczenie i podział zysku


Explanation:
hth

Adam Lankamer
Poland
Local time: 15:46
Specializes in field
Native speaker of: Native in PolishPolish
PRO pts in category: 1001
Grading comment
thx

Peer comments on this answer (and responses from the answerer)
agree  rzima
30 mins
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