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abführungssperre/abführungsgesperrt

16:46 Oct 4, 2018
This question was closed without grading. Reason: Answer found elsewhere

German to English translations [PRO]
Bus/Financial - Accounting / HGB
German term or phrase: abführungssperre/abführungsgesperrt
Does anyone know the accepted translation for abführungsgesperrt and Abführungssperre? Robin? Ted?

Context (superflous for the experts): Übersteigt der Zeitwert des Deckungsvermögens die historischen Anschaffungskosten, unterliegt dieser Teil gemäß § 268 Abs. 8 HGB der Ausschüttungs- bzw. Abführungssperre.

TIA!
nruddy
Mexico
Local time: 15:08


Summary of answers provided
4Payment limit
Rob Myatt
4barred from profit transfer
Steve Robbie
3blockade of cash-out (or blockade of withdrawal)
Havana Basaran


Discussion entries: 3





  

Answers


7 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
Payment limit


Explanation:
I believe that "payment limit" would be the official term for "Abführungssperre" but not sure how that would work with "abführungsgesperrt"

Rob Myatt
United Kingdom
Local time: 22:08
Works in field
Native speaker of: Native in EnglishEnglish
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3 days 19 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
blockade of cash-out (or blockade of withdrawal)


Explanation:
Seems like this is about prevention of money withdrawal.

Havana Basaran
Türkiye
Local time: 00:08
Specializes in field
Native speaker of: Native in TurkishTurkish
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5 days   confidence: Answerer confidence 4/5Answerer confidence 4/5
barred from profit transfer


Explanation:
The restriction in the cited paragraph of the HGB refers to Ausschüttungen, i.e. dividend distributions, but would equally apply to transfers of profit under a Gewinnabführungsvertrag (profit transfer agreement).


For reference, here's the text of it:
(8) Werden selbst geschaffene immaterielle Vermögensgegenstände des Anlagevermögens in der Bilanz ausgewiesen, so dürfen Gewinne nur ausgeschüttet werden, wenn die nach der Ausschüttung verbleibenden frei verfügbaren Rücklagen zuzüglich eines Gewinnvortrags und abzüglich eines Verlustvortrags mindestens den insgesamt angesetzten Beträgen abzüglich der hierfür gebildeten passiven latenten Steuern entsprechen. Werden aktive latente Steuern in der Bilanz ausgewiesen, ist Satz 1 auf den Betrag anzuwenden, um den die aktiven latenten Steuern die passiven latenten Steuern übersteigen. Bei Vermögensgegenständen im Sinn des § 246 Abs. 2 Satz 2 ist Satz 1 auf den Betrag abzüglich der hierfür gebildeten passiven latenten Steuern anzuwenden, der die Anschaffungskosten übersteigt.

http://www.gesetze-im-internet.de/hgb/__268.html


Steve Robbie
United Kingdom
Local time: 22:08
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 8
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