Versión de HTML Básico
16
UNIT
2
Financial statements and ratios
Match the words with their partners, and then look at the statements again to check.
1 consolidated
2 retained
3 current
4 common
5 total
6 accumulated
7 intangible
Nowmatch the word partners to their definitions.
a An asset which does not have a physical nature (such as a trademark or a patent).
b The holding company owns a minority interest (less than 50%), but the accounts are
nevertheless consolidated.
c The total legal obligations of a company to pay other parties.
d The ordinary shares held by the owners, who therefore are the last to receive their money back in
the event of liquidation.
e Amounts that will be collected in the normal course of business within one year.
f Profit which is not paid out to shareholders in the form of dividends, but instead is kept by the
company to reinvest or pay off debts.
g The amounts affecting common stockholders, but not from movements in the stock of the
company (e.g. currency translation adjustments).
Compare the financial statements on pages 14 and 15 to ones from your country. Make some notes
for a colleague in the U.S., summarizing the major differences in the layout.
DID YOU KNOW
?
The U.K. and the U.S.A. often have different terms for the same thing. Here are some important examples.
Can you think of any others?
U.K.
U.S.A.
Your language
Balance Sheet
Statement of Financial Position
Profit and Loss Statement
Statement of Earnings
shareholder
stockholder
stock
inventory
gearing
leverage
assets
receivables
liabilities
stock
gains
affiliates
earnings
2
3