noun
Definition 1
Result attributable to the shareholders of the parent company.
Source: Invertext
Context: In 2006 Acciona recorded a turnover of 6,272 million euros (+29.3% than in 2005), an EBITDA of 960 million euros (+29.2%), an operating profit of 630 million euros (+23.1%) and an attributable net result of 1,370 million euros (+322.8%).
Source: www.secinfo.com
Note
In this expression, frequently seen in English translations of French or Spanish P&L statements, the need for qualifier 'net' is arguable, given that the profit due to minority interests is always deducted after tax. Also, accounting rules in English-speaking countries do not normally accept the result attributable to a certain number or proportion of the shareholders of a consolidated group as constituting a self-explanatory category of result. Spanish accounting does, if not overtly, at least tacitly. Consequently, the standalone expression "attributable result" or "attributable net result" is in the majority of cases a word-for-word translation of the Spanish equivalent, of questionable meaning in English. Where the reporting company formally reports in Spanish and the English-language version is presented as a mere courtesy to non-Spanish speaking shareholders, no serious problem arises. However, in the case of ADRs trading on US exchanges, or where the company is actively seeking funds from English-speaking investors, to avoid unnecessary complications it is advisable to anglicise the expression, stating not simply that a proportion of the result is attributable but to whom that proportion is attributable.
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