translation gain

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Translation Gain

The gain that occurs when one exchanges one floating currency for another, then back into the first currency after it has become weaker. For example, suppose one has 1,000,000 U.S. dollars and exchanges them for 500,000 British pounds; this means the exchange rate was two dollars per pound. Later, if one still has those 500,000 pounds when the exchange rate is three dollar per pound and exchanges them back to dollars, suddenly one has $1,500,000. In this case, the translation gain is $500,000.

translation gain

The gain that results when a firm translates amounts stated in one currency into terms of another currency. A U.S. company that translates German marks into U.S. dollars following a period of a weakening dollar will report a translation gain because the marks exchange for a greater number of dollars.
References in periodicals archive ?
Non-GAAP net income and non-GAAP diluted EPS (along with non-GAAP weighted average diluted shares) are non-GAAP financial measures which represent net income excluding any non-cash interest related to ASC Topic 470, non-cash non-recurring gains and charges, foreign currency translation gains and losses, and charges related to professional fees incurred as a result of the continuing correspondence with the Staff and the Special Committee's review and severance costs related to the transition of Iconix management, all net of tax, and any incremental dilutive shares related to our convertible notes that are covered by their respective hedges.
of taxable currency translation gains reported by LUKOIL's Russian subsidiaries and the tax effect on the disposal of 10% of the company's share in KPO (Karachaganak Petroleum Operating), which amounted to $148mn.
Arab Banking posted shareholders' equity to $3,599 million on 30 June, than $3,486 million in the same period last year, due to growth in fair values of non-trading securities, exchange translation gains on foreign subsidiaries and net profit.
043bn at the end of the second quarter, the increase coming from improvement in fair values of non-trading securities, exchange translation gains on foreign subsidiaries as well as the profit for the period.
Shareholders' equity at 30 September 2009 stood at $2,106 million, compared to $2,043 million at the end of the second quarter, the increase coming from improvement in fair values of non-trading securities, exchange translation gains on foreign subsidiaries as well as the profit for the period.
payments this is offset by translation gains of US Dollar earnings from our
It is my wish that, as translation gains more and more visibility through publications such as JIT, the number of participants in this section will also increase, adding a multiplicity of voices to this ancient and dignified art.
Although translation gains and losses are recorded on the income statement, they aren't recognized for tax purposes unless certain hedging rules--beyond the scope of this article apply.
Translation gains or losses are carried directly to stockholders' equity, rather than first being reflected in income.
The capital gains were probably mainly translation gains that reflected the depreciation of the U.
1) ]Non-GAAP diluted EPS is a non-GAAP financial measure which represent net income excluding any non-cash interest related to ASC Topic 470, non-cash non-recurring gains and charges, foreign currency translation gains and losses, and charges related to professional fees incurred as a result of the continuing correspondence with the Staff and the Special Committee's review, all net of tax, and any incremental dilutive shares related to our convertible notes that are covered by their respective hedges.
The increase during the quarter came from improvement in fair values of non-trading securities, exchange translation gains on foreign subsidiaries as well as the profit for the period.
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