Glossary entry (derived from question below)
Mar 4, 2008 01:04
16 yrs ago
4 viewers *
German term
Qualified lawyer, DipTransIoLET, MCIL
Native in: English
Works in: Russian to English, English, German to English
L+L
German to English
Bus/Financial
Accounting
The whole phrase is "Forderungen aus L+L gg. verbundene UN" which I understand in the context to mean "claims [from L+L] against associated enterprises". However, it is not clear to me what L+L is an abbreviation for.
Proposed translations
(English)
| 5 | trade |
RobinB
|
| 3 | goods and services |
Allesklar
|
Proposed translations
7 hrs
Selected
trade
L+L = Lieferungen und Leistungen = trade
Forderungen aus L+L gg. verbundene UN = trade receivables from affiliated companies/entities
Please note that "verbunden" is "affiliated", not "associated" (which is something else). "Affiliated companies" are parents and subsidiaries, while "associates" are equity investments of generally between 20% and 50% ("significant influence" test), which are normally equity-accounted.
See the XBRL German GAAP Taxonomy at:
http://www.abra-search.com/ABRASearch.html?locale=en&taxonom...
Forderungen aus L+L gg. verbundene UN = trade receivables from affiliated companies/entities
Please note that "verbunden" is "affiliated", not "associated" (which is something else). "Affiliated companies" are parents and subsidiaries, while "associates" are equity investments of generally between 20% and 50% ("significant influence" test), which are normally equity-accounted.
See the XBRL German GAAP Taxonomy at:
http://www.abra-search.com/ABRASearch.html?locale=en&taxonom...
4 KudoZ points awarded for this answer.
Comment: "Many thanks. Apologies for the delay in awarding points."
49 mins
goods and services
Lieferungen und Leistungen, auch mit LuL abgekürzt
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