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Glossary entry

French term or phrase:

Résultats minoritaires

English translation:

share of minority interests in the earnings

Added to glossary by Chakib Roula
Mar 13, 2022 20:26
2 yrs ago
39 viewers *
French term

Résultats minoritaires

French to English Bus/Financial Accounting Audit entreprise
Bonsoir,
Il s'agit d'un audit financier d'une entreprise où un ensemble de tableaux ou il est mentionné ce qui suit:
Droit du groupe dans le résultat.
Résultats minoritaires
Quote-part du résultat des sociétés de mise en équivalence.
Résultat par action.

Merci à vous.
Proposed translations (English)
4 +1 share of minority interests in the earnings
4 +1 earnings attributable to non-controlling interests
4 -1 consolidated net income attributable to the non-controlling interests
4 -1 total earnings of a company with minority interests (/in which we have minority interests)
References
Comment fonctionne en résumé la méthode de la mise en équivalence ?

Discussion

Daryo Mar 16, 2022:
@ Steve Robbie you got me puzzled

You said:

"What I envisage:

https://res.cloudinary.com/proz/image/upload/v1647352729/kud...
...
"

is EXACTLY the same I see as the only interpretation that makes sense!

You did notice that ALL THREE abbreviations correspond to what Asker has given as context?

Droit du groupe dans le résultat. - - - - - - - - - - - - - - - - - - - - in the picture -- Droit du groupe
Résultats minoritaires - - - - - - - - - - - - - - - - - - - - - - - - - - - in the picture - - Res. Min.
Quote-part du résultat des sociétés de mise en équivalence. - - - in the picture - - Quote-part MEE

IOW "Résultats minoritaires" corresponds to the TOTAL results of the business where the group is a minority owner.

OTOH this one
https://res.cloudinary.com/proz/image/upload/v1647352318/kud...
makes little sense - why would two methods being used in the same accounts? any real life example of it?

as for "pas de certainté sans regarder les chiffres" can't agree more. First thing I asked ...
Francois Boye Mar 16, 2022:
In accounting, minority interest (or non-controlling interest) is the portion of a subsidiary corporation's stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, or the corporation would generally cease to be a subsidiary of the parent.

Source: Minority interest - Wikipedia
Steve Robbie Mar 15, 2022:
@Daryo What I envisage:



Le tableau contient toutes les filiales du groupe. Pour celles qui sont consolidés par intégration globale (IG), on voit le part du groupe et le part des minorités dans le résultat. Pour celles qui sont mises en équivalence (MEE, on ne voit que le quote-part du groupe dans le résultat. Dans ce cas, le "résultat minoritaire" est le "share of earnings attributable to non-controlling interests" et le quote-part MEE est le "share in the profits of equity-accounted companies" (par example, il y a plusieurs traductions possibles). Tu vois bien que CE N'EST PAS LA MEME CHOSE.

What you envisage:



Ce tableau ne contient que les filiales mises en equivalence. Ce qui est bien possible, mais je ne comprends pas pourquoi on parlerait dans ce cas des "résultats minoritaires".

Comme toujours dans la comptabilité, pas de certainté sans regarder les chiffres. Il reste à Chakib de décider.
Francois Boye Mar 15, 2022:
THe parent company manages the group, which generates the group's net income (Résultat in French). Minorities own parts of the group. As a result, their net income derives from the consolidated or the group's net income
Daryo Mar 15, 2022:
@ Steve Robbie Which school of logic is teaching that a figure/number having ONE precise meaning/definition would appear TWICE in the same report under two different labels? Enlighten me, the "normal" logic is so boring ..
Daryo Mar 14, 2022:
Also French term or phrase: Quote-part au résultat des sociétés mises en équivalence
This is from a half-yearly profit and loss statement for a group of companies. I'm stuck with "sociétés mises en équivalence" My various searches come up with "equity method" which I just cannot turn around in this context. I'm a financial dunce anyway and am stumped. Any help gratefully received.
Liz Conran

English translation:share in the profits of equity-accounted companies
Explanation:
A "société mise en équivalence" is an equity-accounted company - i.e. a company whose accounts are prepared using the equity method of accounting.
https://www.proz.com/kudoz/french-to-english/finance-general...


... The company owns 20 to 49% of the voting common stock of the company. ...

https://www.proz.com/kudoz/french-to-english/bus-financial/9...

SO

"Résultats minoritaires" CAN NOT BE any of the variations on "share in the profits of equity-accounted companies"
Daryo Mar 13, 2022:
To make it shorter ... Droit du groupe dans le résultat. = amount of money or % ?

Résultats minoritaires = amount of money? one for each company with this group's "participation minoritaires"?

Quote-part du résultat des sociétés de mise en équivalence = amount of money or % ?

Résultat par action.

What are the proportions between the numbers?

All this is part of the consolidated accounts of "the group"? or of just one company where "the group" has a minority interest?

Based on
https://fr.finance.yahoo.com/actualites/sopra-steria-résulta...
this would presumably be part of "the group"'s consolidated accounts, but a confirmation would be preferable.

All these "details" can make a lot of difference.

Proposed translations

+1
45 mins
Selected

share of minority interests in the earnings

I believe that it is the share of minority interests (minority shareholders) in the earnings/profits.
Reference:

https://www.investopedia.com/articles/investing/082715/how-calculate-minority-interest.asp

Peer comment(s):
disagree Daryo : right general idea, but expressed from the wrong viewpoint // more importantly THAT would correspond to ANOTHER figure "Quote-part du résultat des sociétés de mise en équivalence" - so the same figure repeated under another name makes sense to you???
46 mins
agree Adrian MM. : share of earnings (or losses) attributable to min. ints. https://www.investopedia.com/terms/m/minorityinterest.asp 'Within the income statement, the proportion of the group's net income that is attributable to the minority interest needs to be calculated.
1 hr
neutral Steve Robbie : Ignore Daryo, he is wrong. This is a perfectly good answer - but I prefer Rob Grayson's wording..
13 hrs
agree ph-b (X) : et avec la proposition d'Adrian MM à + 1 heure.
15 hrs
neutral Francois Boye : MM's proposal is more profound than what Octavio has written
2 days 18 hrs
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Merci"
+1
12 hrs

earnings attributable to non-controlling interests

You might substitute "minority interests" for "non-controlling interests" if you prefer, though I'd say the latter is quite a bit more common, in this specific context at least.
Peer comment(s):
agree Steve Robbie : Or "profit attributable to"... Both IFRS and US GAAP use "non-controlling interest", but "minority interest" is just as good.
1 hr
Yes and yes 🙂
agree writeaway
1 hr
neutral Adrian MM. : you have basically lifted my 'earnings attributable' comment on Octavio's answer without 'attribution'. // I hadn't read your answer, either, until someone pointed it out to me.
3 hrs
I haven't "lifted" anything; I've posted my own answer. I hadn't even read your comment on Octavio's answer until now. // Point being, your allegation that I "lifted" your comment is unfounded and uncharitable.
neutral Francois Boye : You don't capture the consolidated income statement
13 hrs
I’m afraid your comment makes no sense to me.
disagree Daryo : sounds like a very tempting interpretation ... only there is one tiny tiny fly in the ointment: how would that be different from "Quote-part du résultat des sociétés de mise en équivalence" ??? Twice the same figure???
14 hrs
See Steve R's note in the discussion. The equity method and full consolidation are not the same thing.
Something went wrong...
-1
19 hrs

consolidated net income attributable to the non-controlling interests

Consolidated Net Income

Consolidated net income is the sum of net income of the parent company excluding any income from subsidiaries recognized in its individual financial statements plus net income of its subsidiaries determined after excluding unrealized gain in inventories, income from intra-group transactions, etc.

Consolidated net income is reported on the consolidated income statement for periods after acquisition. When the subsidiary is not wholly owned, the consolidated net income is bifurcated into two components: consolidated net income attributable to controlling interest and consolidated net income attributable to non-controlling interest.

Three adjustments are very critical in arriving at the correct determination of consolidated net income. The first is adjustment for excess amortization due to difference between the fair value of net asset of the subsidiary and their book values at the time of acquisition. The second is elimination of any investment income from subsidiary recognized in the individual financial statements of the parent using the cost method (fair value method) or equity method must be subtracted. The third adjustment relates to exclusion of the unrealized income recognized on inter-company sale of inventories.
Peer comment(s):
disagree Daryo : all that is fine but it's related to the term used TWO LINES LATER "Quote-part du résultat des sociétés de mise en équivalence" the question asked is about "Résultats minoritaires"
10 hrs
What a confusion!
Something went wrong...
-1
1 day 8 hrs

total earnings of a company with minority interests (/in which we have minority interests)


"un ensemble de tableaux ou il est mentionné ce qui suit:
Droit du groupe dans le résultat.
Résultats minoritaires
Quote-part du résultat des sociétés de mise en équivalence.
Résultat par action."


"un ensemble de tableaux" = there is one table for each business where the group has only a minority interest.

Each table consisting of:

-- Droit du groupe dans le résultat
= what is the group's share in % of the earnings (must between 20% and 49%) of this business

-- Résultats minoritaires
= what are the TOTAL earnings of this business (money)

-- Quote-part du résultat des sociétés de mise en équivalence
= the share of the group in the earnings of this business (money)


example:

Droit du groupe dans le résultat = 30%

Résultats minoritaires = 100.000

Quote-part du résultat des sociétés de mise en équivalence = 30% of 100.000 = 30.000

and so on for each business in which the group has a minority interest.

Can't see what else could make any sense - the WHOLE table has to make sense.




Peer comment(s):
neutral Rob Grayson : A plausible explanation on the face of it, but see Steve R's note in the discussion. Equity accounting is not the same as full consolidation.
3 hrs
disagree Francois Boye : The focus is on the derivation of minority's net income from the group's net income. It is so because the parent company manages the group.
9 hrs
Something went wrong...

Reference comments

3 hrs
Reference:

Comment fonctionne en résumé la méthode de la mise en équivalence ?

Application / rapport annuel
Voici un exemple de rédaction de note sur les méthodes de consolidation / ME (extrait d’un rapport annuel) :

« Les entreprises associées sont comptabilisées par mise en équivalence. La quote-part du Groupe dans les profits ou pertes de l’entreprise associée est comptabilisée en résultat, sur la ligne « Quote-part du résultat des sociétés mises en équivalence ». Les résultats sur les opérations internes avec les entreprises associées mises en équivalence sont éliminés dans la limite du pourcentage de participation du Groupe dans ces sociétés.

Les principes et méthodes comptables des entreprises associées ont été modifiés le cas échéant afin d’assurer l’homogénéité des traitements retenus au niveau du Groupe ».
https://expert-consolidation.com/28-description-de-la-mise-e...

--------------------------------------------------
Note added at 3 hrs (2022-03-14 00:02:49 GMT)
--------------------------------------------------

Quote-part du résultat des sociétés mises en équivalence
Une société est déclarée mère lorsqu'elle détient, de manière directe ou indirecte, plus de 20 % des droits de vote d'une autre entreprise, considérée comme sa filiale, même si elle ne la contrôle pas entièrement. La société mère va consolider ses comptes, c'est-à-dire y intégrer ceux de sa filiale, ou de ses filiales.

La quote-part du résultat des sociétés mises en équivalence représente la part du résultat net provenant des sociétés consolidées, mis au compte de la société consolidante.

Le comptable consolideur doit arbitrer entre définir s'il s'agit d'un produit financier, ou d'une partie du résultat d'exploitation.
https://www.boursedescredits.com/lexique-definition-quote-pa...
Something went wrong...
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