Feb 19, 2012 13:53
12 yrs ago
18 viewers *
French term

décalage

French to English Law/Patents Finance (general) Annual report
Hello All,

Working on an annual report and came across the following sentence. The meaning of the word in this financial context is eluding me. As always, thanks in advance for all suggestions.

"Le Free Cash Flow cumulé est supérieur au budget, avec une variation positive du BFR d’exploitation et un décalage de certains investissements."
Proposed translations (English)
4 shift, postponement
4 +3 offset
4 +1 lag
3 putting off or discrepancy

Proposed translations

6 mins
Selected

shift, postponement

investments will be carried out at a later date
Something went wrong...
3 KudoZ points awarded for this answer. Comment: "Thanks"
8 mins

putting off or discrepancy

Needs a bit more context?
Something went wrong...
+3
19 mins

offset

dictionary definition, standard financial term



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Note added at 19 mins (2012-02-19 14:13:25 GMT)
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http://financial-dictionary.thefreedictionary.com/offset
Peer comment(s):

agree AllegroTrans
26 mins
agree Yvonne Gallagher : yep
1 hr
agree rokotas
5 hrs
Something went wrong...
+1
19 hrs

lag

With a lag in certain investment outlays.

All that décalage really says is that the investments didn't occur quite when they were expected to occur in the budget, and they were not ahead of schedule either. No need to get into active verbs like "delayed" or "postponed" that imply an agent. And in *this* context, the reader is (very) unlikely to understand "offset" to mean an offset in time.
Peer comment(s):

agree Kevin SC : yes, lagged investments
5 hrs
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