Oct 21, 2019 15:09
4 yrs ago
30 viewers *
French term
United Kingdom
Augmentation de capital en numéraire
French to English
Bus/Financial
Finance (general)
share increase
Board minutes authorises a share increase. The text moves between "Augmentation de capital" and "augmentations de capital social"
"Augmentation de capital en numéraire d'un montant nominal de ABC (ABC) USD par l'émission ABC (ABC) actions nouvelles",
"....décide que si les souscriptions n'ont pas absorbé la totalité de l'augmentation de capital"
"décide de fixer la limite du montant nominal maximal global des augmentations de capital qui pourront être réalisées à X% du capital social de la Société existant au moment de chaque émission"
So, while it is obvious to me for the share capital increase, I am less sure about using "capital increase" for the first term. There were some discussion on Proz in the past suggesting that it is a widely used mis-tranlation, although it now does seem to be errr widely used...any thoughts? I sometimes think they are using the terms interchangeably. Thanks
"Augmentation de capital en numéraire d'un montant nominal de ABC (ABC) USD par l'émission ABC (ABC) actions nouvelles",
"....décide que si les souscriptions n'ont pas absorbé la totalité de l'augmentation de capital"
"décide de fixer la limite du montant nominal maximal global des augmentations de capital qui pourront être réalisées à X% du capital social de la Société existant au moment de chaque émission"
So, while it is obvious to me for the share capital increase, I am less sure about using "capital increase" for the first term. There were some discussion on Proz in the past suggesting that it is a widely used mis-tranlation, although it now does seem to be errr widely used...any thoughts? I sometimes think they are using the terms interchangeably. Thanks
Proposed translations
(English)
| 4 +4 | Capital increase in cash |
Leighton Jacobs
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| 4 +1 | cash capital increase |
Francois Boye
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| 4 -2 | increase in working capital |
SafeTex
|
References
| Apport en numéraire (définition) |
Daryo
|
Proposed translations
+4
49 mins
Leighton Jacobs
United Kingdom
United Kingdom
Native in English
Specializes in field
United Kingdom
Your Marketing & Sustainability Expert
Native in: English (Variant: UK) 
Works in: German to English, French to English
Related KudoZ points
:
14
Selected
Capital increase in cash
"share capital increase" or "increase in share capital" (or capital stock if U.S.) is definitely the most appropriate for "augmentation de capital social" but "capital increase" would still be acceptable in many instances where it is clear from the context that it relates to a company and is being achieved via issuing more shares (as opposed to any other means of increasing capital).
I agree that it sounds as though they are using the terms interchangeably and this makes sense as an increase in shares results in more cash for the company and therefore increased capital.
Hope this helps!
I agree that it sounds as though they are using the terms interchangeably and this makes sense as an increase in shares results in more cash for the company and therefore increased capital.
Hope this helps!
Peer comment(s):
| agree |
AllegroTrans
: I would always preface this with "share" for UK English
1 hr
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I think it depends on the specific instance but definitely for ultimate clarity it would be wise to include it.
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| agree |
Steve Robbie
: For my part, I don't think the word "share" is absolutely necessary.
1 hr
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I agree and think it just depends on the context.
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| agree |
Adrian MM.
: Share capital otherwise contrastable with loan capital - query: includes UK preference shares/ US preferred stock //NB repayable, top of queue, like debenture loan stock on a co. winding-up// & cash with non-cash> in-kind or labo(u)r: en nature/industrie
2 hrs
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Loan capital is just any capital from loans so shares are not included, preference or otherwise. Neither are contributions in kind because these are precisely contributions and not loans to the company, so they do not form part of "borrowed capital"
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| agree |
Wolf Draeger
: Mix up "share capital" with "equity", add salt to taste :)
5 hrs
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Indeed! I think the choice between these two depends on perspective. "equity" seems to centre more around shareholders while "share capital" more around the company itself.
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4 KudoZ points awarded for this answer.
Comment: "thanks"
+1
56 mins
Francois Boye
United States
United States
Native in French
Specializes in field
United States
An economic geek with social skills
Native in: French
Works in: English to French, French to English, Spanish to English, and 1 more.
Related KudoZ points
:
305
cash capital increase
What is cash capital?
In accounting, capital refers to the stake of owners in the business. ... On the other hand, Cash is shown on the asset side as it is an asset for the business. If you use cash to purchase current assets, your capital will not increase. ... So let's say owner has invested cash into the business
Source: https://www.quora.com/What-is-the-difference-between-cash-an...
In accounting, capital refers to the stake of owners in the business. ... On the other hand, Cash is shown on the asset side as it is an asset for the business. If you use cash to purchase current assets, your capital will not increase. ... So let's say owner has invested cash into the business
Source: https://www.quora.com/What-is-the-difference-between-cash-an...
-2
1 hr
increase in working capital
As the asker said, this is a tricky one.
My take is to avoid the word "cash" as the transfer is not made "in cash" but in a form that is like cash (quickly available) See first reference on this.
But as cheques and bank transfers go into accounts much like "cash", they are quickly available and help to increase the working capital (iiquidity of the company (second reference)
so we could say "increase in working capital" or similar
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Note added at 2 hrs (2019-10-21 17:54:34 GMT)
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Hello
I've checked and I think I understand your objections (two different things). But I still think they are related and share money becomes working capital. Don't companies make new share issues to raise cash to work with? To quote a site:
"Equity and capital refer to separate, but related, aspects of a company’s finances. Capital is the amount of money available to a business for investment, and is part of a business’s overall equity. Equity itself is a company’s total assets once associated liabilities have been deducted. Shareholders can contribute capital and own a share of equity."
But I've understood your point and thank you.
Regards
SafeTex
My take is to avoid the word "cash" as the transfer is not made "in cash" but in a form that is like cash (quickly available) See first reference on this.
But as cheques and bank transfers go into accounts much like "cash", they are quickly available and help to increase the working capital (iiquidity of the company (second reference)
so we could say "increase in working capital" or similar
--------------------------------------------------
Note added at 2 hrs (2019-10-21 17:54:34 GMT)
--------------------------------------------------
Hello
I've checked and I think I understand your objections (two different things). But I still think they are related and share money becomes working capital. Don't companies make new share issues to raise cash to work with? To quote a site:
"Equity and capital refer to separate, but related, aspects of a company’s finances. Capital is the amount of money available to a business for investment, and is part of a business’s overall equity. Equity itself is a company’s total assets once associated liabilities have been deducted. Shareholders can contribute capital and own a share of equity."
But I've understood your point and thank you.
Regards
SafeTex
Peer comment(s):
| disagree |
Daryo
: you are confusing "cash" in everyday general speech and "cash" in accounting. => for the intended audience there is no need to go looking for related terms that are not quite the same. // For others it doesn't matter, as simple as!
20 mins
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Hello. Nope, I'm not confusing the terms as I'm aware of the difference but I want a translation that will not confuse others. "Working capital" does that as the "cash" (asset) is available to work with. A disagree is therefore very hard in my opinion
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| disagree |
Steve Robbie
: Daryo is right. In addition, this has nothing at all to do with "working capital" which is a different thing altogether.
25 mins
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Hello. I answered AllegroTran's disagree below on the same point and will think about this. Thanks
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Reference comments
2 hrs
Reference:
Apport en numéraire (définition)
Apport en numéraire (définition)
Octobre 2019
Définition d'Apport en numéraire
Les apports en numéraire sont les liquidités (chèque ou virement), que les associés fondateurs apportent au capital lors de la constitution d'une société (ou lors d'une augmentation de capital). Ces apports en numéraire sont rémunérés par des parts ou actions en proportion de leur valeur. Les fondateurs peuvent aussi effectuer des apports en nature ou, dans certaines sociétés, des apports en industrie.
https://droit-finances.commentcamarche.com/faq/23362-apport-...
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Note added at 2 hrs (2019-10-21 17:33:43 GMT)
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What is Cash?
Home » Accounting Dictionary » What is Cash?
Definition:
Cash is the most liquid asset a company can own.
A company’s cash account in its chart of accounts includes all currency and coins owned by the company as well as all deposits in the bank including checking accounts and savings accounts. Cash also includes instruments or contracts that can be deposited in a bank account like vendee checks, customer checks, cashier’s checks, certified checks, as well as money orders.
https://www.myaccountingcourse.com/accounting-dictionary/cas...
Octobre 2019
Définition d'Apport en numéraire
Les apports en numéraire sont les liquidités (chèque ou virement), que les associés fondateurs apportent au capital lors de la constitution d'une société (ou lors d'une augmentation de capital). Ces apports en numéraire sont rémunérés par des parts ou actions en proportion de leur valeur. Les fondateurs peuvent aussi effectuer des apports en nature ou, dans certaines sociétés, des apports en industrie.
https://droit-finances.commentcamarche.com/faq/23362-apport-...
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Note added at 2 hrs (2019-10-21 17:33:43 GMT)
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What is Cash?
Home » Accounting Dictionary » What is Cash?
Definition:
Cash is the most liquid asset a company can own.
A company’s cash account in its chart of accounts includes all currency and coins owned by the company as well as all deposits in the bank including checking accounts and savings accounts. Cash also includes instruments or contracts that can be deposited in a bank account like vendee checks, customer checks, cashier’s checks, certified checks, as well as money orders.
https://www.myaccountingcourse.com/accounting-dictionary/cas...
Discussion
I guess it was moderated by the moderator (not at my request) for the reason I mentioned in a private email to you via Proz
But I do agree with this moderation.
Please contact me via Proz email if you want to discuss this further.
Thanks
As for augmentation du capital (social), an alternative to "capital increase" is "seasoned issue" or "seasoned equity offering".
But—if—maybe—I do agree with your point in principle ;-)
Just for the record.
But I do agree that we can "sacrifice" eloquence a bit more in this type of text in favour of "accuracy" and/or "unambiguity".
Finally, I saw that a disagree to me and my reply have been deleted, the disagree I assume by a moderator. Just for the record, I did not request this on this occasion but I do agree with the moderator's intervention.
Regards
SafeTex
If the precise right technical term is repeated 101 times - so be it, you'll have to have it 101 times in the translated text, no ifs no maybes no buts.