Glossary entry

Spanish term or phrase:

beneficio no-erogable

English translation:

non-cash profit / gain

Added to glossary by Charles Davis
Feb 14, 2019 03:16
5 yrs ago
2 viewers *
Spanish term

beneficio no-erogable

Spanish to English Bus/Financial Finance (general) Equity market
"Este trimestre resalta la adquisición y aprobación del proyecto XX, lo que representa una recuperación implícita no-erogable de US$XXXm y registrada en la utilidad de operación."

"Este trimestre supero expectativas apoyado por un beneficio no-erogable por una combinación de negocios en Colombia."

Dentro de un reporte de resultados trimestrales de una empresa.

Muchas gracias!
Change log

Feb 28, 2019 06:54: Charles Davis Created KOG entry

Proposed translations

+4
45 mins
Selected

non-cash profit / gain

Applied to expenses or costs, "no erogable" means "non-cash":

https://www.proz.com/kudoz/english-to-spanish/business-comme...

"Punto de Equilibrio Económico que considera los costos erogables y no erogables. [...]
Economic Break Even Point, which treats both cash and non-cash costs."
http://www.ucc.edu.ar/portalucc/archivos/File/FACEA/Institut... (p. 83)

And I think the same is true of profits or gains:

"Alpek
Máximo histórico en Flujo Consolidado de U.S. $274 millones durante el 3T18, incluyendo un beneficio no-erogable de U.S. $33 millones por costo de inventario, [...]
Plásticos y Químicos (P&Q)
Flujo 3T18 de U.S. $76 millones, incluyendo un beneficio no-erogable de U.S. $3 millones por costo de inventario"
http://www.alpek.com/pdf/2018/Alpek-3T18.pdf

"Alpek
Record high consolidated 3Q18 EBITDA of U.S. $274 million, including a U.S. $33 million non-cash inventory gain [...]
Plastics & Chemicals (P&C)
3Q18 P&C EBITDA of U.S. $76 million, including a U.S. $3 million non-cash inventory gain"
http://www.alpek.com/pdf/2018/Alpek-3Q18.pdf

Compare also the same terms in these documents:
https://www.alfa.com.mx/down/reportes/ALFA1T18Resultados.pdf
https://www.alfa.com.mx/down/reportes/ALFA1Q18Results.pdf
Peer comment(s):

agree Robert Carter : Ha, beat me to it! I wasn't quite sure, but I feel a lot more confident with you concurring.
19 mins
Thanks, Robert :-) Same here; I gave this moderate confidence, but I think it's right and your explanation matches what I found.
agree JohnMcDove
2 hrs
Many thanks, John ;-)
agree Margaret Ikawa
10 hrs
Thanks, Margaret!
agree Luis M. Sosa : It is right. It is similar to depreciation, which is a non-cash expediture. In this case the project results in a non-cash profit. These items will be shown in the Profit & Loss statement but neither this project, nor depreciation do generate any cash.
19 hrs
Many thanks for your confirmation, Luis :-)
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4 KudoZ points awarded for this answer. Comment: "Selected automatically based on peer agreement."
25 mins

non-distributable profit

Sólo una opción.
Saludos

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Note added at 32 mins (2019-02-14 03:48:57 GMT)
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Es un beneficio económico obtenido por una compañía, el cual no está disponible para pagar como dividendos a los accionistas



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Note added at 38 mins (2019-02-14 03:55:26 GMT)
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Es lo opuesto a "distributable profit"

http://www.businessdictionary.com/definition/distributable-p...
Something went wrong...
+1
1 hr

non-cash gain

I'm not sure I quite understand this accounting concept, but I believe it has something to do with gains/losses resulting from equity restructuring and accounting treatments. As I understand it, a non-cash gain is the result of a gain in the financial position but without a corresponding cash revenue, so, for example, it could be the result of inventory that has undergone revaluation because the raw materials used to make it have subsequently increased, or a change in the corporate accounting treatment that leads to a higher book value.

I think this could be the idea behind the "beneficio no-erogable", at least in this case.

TORONTO – Toronto-based Fairfax Financial Holdings Ltd. says it saw a more than $600-million jump in net earnings after a nearly $597-million non-cash gain in its first quarter.

The investment and insurance-focused company says its net earnings totalled $684.3 million, or $23.60 per diluted share, in the first quarter of its 2018 financial year compared to $82.6 million, or $3.03 per share, in the same quarter the previous year.

Fairfax says it added a $596.8 million non-cash gain related to a change in accounting for Quess Corp.

https://www.citynews1130.com/2018/05/03/fairfax-net-earnings...
Peer comment(s):

agree JohnMcDove
1 hr
Gracias, John.
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