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Glossary entry

Spanish term or phrase:

participaciones a pagar

English translation:

profit shares payable

Added to glossary by Helena Chavarria
Nov 1, 2014 11:31
9 yrs ago
7 viewers *
Spanish term

participaciones a pagar

Spanish to English Bus/Financial Accounting Corporate Accounting Plan
Hello, everyone.

I'm doing a proofread and Remuneraciones y participaciones por pagar has been translated as Salaries and participation payable but 'participation' doesn't convince me.

I've found salaries and interest payable, but I don't think 'interest' is right either.

http://www.proz.com/kudoz/spanish_to_english/accounting/2202...

http://www.tesisproyectos.com/index.php?option=com_content&v...

I think it might refer to bonus payments.

The text is from Peru and has been translated UK English

I would appreciate you help. Thank you in advance!
Proposed translations (English)
3 +1 bonus payments (or profit-sharing) to be made
4 +3 profit share
3 outstanding payments
References
relevant definitions of Participación
Change log

Nov 3, 2014 19:00: Helena Chavarria Created KOG entry

Discussion

Helena Chavarria (asker) Nov 1, 2014:
@Charles Yes, I decided it had to be 'profit share', but thanks for your confirmation. I was confused because I know employees in multinational companies are often given the opportunity to buy company shares and I thought that maybe 'participations' could refer to this.
Charles Davis Nov 1, 2014:
utilidades means company profits It's profit sharing, and it's obligatory by law in Peru (also Mexico, btw, and I think Ecuador too).

"La participación de las utilidades es un derecho reconocido constitucionalmente, la cual establece que “El Estado reconoce el derecho de los trabajadores a participar en las utilidades de la empresa y promueve otras formas de participación” y que tiene por objeto, de alguna manera, acceder a las utilidades netas que percibe el empleador como consecuencia de su gestión empresarial."
http://www.mintra.gob.pe/mostrarTemaSNIL.php?__page=24&codTe...

"Reparto de utilidades. Es el derecho constitucional que tiene el trabajador a participar en las ganancias que obtuvo la empresa o patrón en el año anterior."
http://www.sat.gob.mx/informacion_fiscal/publicaciones/Docum...
Helena Chavarria (asker) Nov 1, 2014:
Further on in the text, under the heading, it says:

Participaciones de los trabajadores por pagar. Incluye las obligaciones de la empresa que, por disposiciones de ley o convenio laboral, debe pagar a sus trabajadores por concepto de participaciones en las utilidades.

I've seen that 'utilidades' can mean 'earnings'.

Thanks for your interest :)
DLyons Nov 1, 2014:
It looks to me like some benefit that is still due - as you say a bonus or suchlike. I'd guess at "stock options" if the text refers to senior staff - at a lower level there are things like travel vouchers, outstanding bills to the company etc, etc.

Proposed translations

+1
57 mins
Selected

bonus payments (or profit-sharing) to be made

I translated this as profit sharing in the past (as this was clear from that context and as Donal says, it actually turned out as share options for some of the staff.

Obviously "bonus payments" is more of a catch-all phrase than saying for sure it's "profit -sharing" if you have no clear evidence

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Note added at 1 hr (2014-11-01 12:33:58 GMT)
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some ideas from Linguee includes even more general "remunerations" but, since you already have that in the list

http://www.linguee.es/espanol-ingles/search?source=auto&quer...

and some ideas here

http://www.asesorempresarial.com/web/blog_i.php?id=161

--------------------------------------------------
Note added at 1 hr (2014-11-01 12:34:44 GMT)
--------------------------------------------------

http://www.comunidadcontable.com/BancoConocimiento/N/noti230...

--------------------------------------------------
Note added at 2 days9 hrs (2014-11-03 20:36:44 GMT) Post-grading
--------------------------------------------------

Glad to have helped:-)
Note from asker:
Thank you! I had already seen your second reference but not the third one, which explains it quite clearly.
Peer comment(s):
agree Charles Davis : You were right: in Peru it refers to profit sharing (not bonus payments).
7 hrs
Thanks Charles:-)
Something went wrong...
4 KudoZ points awarded for this answer.
27 mins

outstanding payments

It seems like this is quite a general catchall heading.

"Remuneraciones y Participaciones por Pagar: son las deudas que tienen las Empresas con sus empleados (trabajadores) por concepto de sueldos, gratificación, beneficios sociales, entre otros."

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Note added at 44 mins (2014-11-01 12:16:50 GMT)
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It should be obvious from the context that these are payments to workers!
Something went wrong...
+3
3 hrs

profit share

You may want to use "compensation" for "remuneraciones".
It's a much broader term than "salaries".
Note from asker:
Thank you, Giovanni. I really appreciate your help. It's a shame we can only give points to one person but Gallagy was first and he did provide me with a useful reference.
Peer comment(s):
agree TravellingTrans : see reference comment, seems right to me
2 hrs
agree Charles Davis : This is what it means in Peru, yes.
5 hrs
agree Adrian MM. (X) : and not calls payable on co. shares
1 day 58 mins
Something went wrong...

Reference comments

5 hrs
Reference:

relevant definitions of Participación

En finanzas:
Participación (inversión) es una forma de inversión, mediante la que se participa en los beneficios de una empresa, aunque no se posean acciones, es decir, no se participa en el capital. Véase también obligación.
También se denomina participación al porcentaje del capital total de una empresa que posee un inversor (en este caso sí se refiere a acciones). Si es una participación mayoritaria o incluso siendo minoritaria alcanza una denominada participación de control, se accede al control de la compañía participada. El mecanismo de participaciones cruzadas entre un grupo de empresas puede ser muy sofisticado (holding).
Note from asker:
Thanks for the information!
Something went wrong...
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