查询词典 earnings

This construction follow the logic to division of duty, namely, accounting manipulation of increasing earnings illusively is supervised by a kind of stakeholders and accounting manipulation of concealing earnings is supervised by the other kind of stakeholders.

在这四种基本的利益相关者会计监督体制中，每一种监督体制中所列出的两类利益相关者都具有不同的监督偏好，前一类利益相关者具有监督虚增收益的会计操纵行为的偏好，而后一类则正好相反。

Unlike the over-50% category, all items of revenue and expense are omitted; just the proportional share of net income is included. Thus, if Corporation A owns one-third of Corporation B, one-third of B's earnings, whether or not distributed by B, will end up in A's earnings. There are some modifications, both in this and the over-50% category, for intercorporate taxes and purchase price adjustments, the explanation of which we will save for a later day. We know you can hardly wait.

因此如果A公司拥有B公司三分之一的股权，则不论B公司是否将年度盈余全数发放，A公司都必须依比例认列投资利益，另外这两类的会计原则都规定，必须附带一些企业间所得税、购买法价格调整等调整分录，这部份的细节请容我们以后有空再详加说明，(虽然我知道大家可能等不及了)。

They use R/S analytic method to check up earnings yields, and find that both of earnings yields have long memory characteristic. It also performs short memory characteristic along with changes of sample"s initial time and interzone of time series. The average circular period of Shanghai"s stock market is 250 days, and Shenzhens is 400 days.

采用了R／S分析法对收益率进行检验，实验结果表明上证综指收益率和深证成指收益率都有长记忆特征，但随着样本初始时间和样本区间大小的不断改变，股市收益率在表现出长记忆性特征的同时，也表现出了短记忆性的特征；上证综指的平均循环周期为250天，深证成指的平均循环周期为400天。

Reported earnings, though, we employ the concept of "look-through"earnings. As we calculate these, they consist of:(1) the operating

为了要能更真实的反应Berkshire实际的经营状况，于是乎我们运用了完整透视盈余

Last year, however, our look-through earnings did not grow at all but rather declined by 14%. To an extent, the decline was precipitated by two forces that I discussed in last year's report and that I warned you would have a negative effect on look-through earnings.

然而去年我们的透视盈余不但没有增加，反而减少了 14%，这样的下滑主要导源于去年年报就曾经向各位提过的两项因素，那时我就曾经警告各位那对我们的透视盈余将会有负面的影响。

To depict something closer to economic reality at Berkshire than reported earnings, though, we employ the concept of "look-through" earnings.

在这里我们所谓的营业盈余系已扣除资本利得，特别会计调整与企业其它非常态的项目。

I've told you that over time look-through earnings must increase at about 15% annually if our intrinsic business value is to grow at that rate. Indeed, since present management took over in 1965, our look-through earnings have grown at almost the identical 23% rate of gain recorded for book value.

我曾经告诉各位，长期而言，如果我们的实质价值也期望以这个幅度来成长的话，透视盈余每年也必须增加 15%，而的确过自从现有经营阶层于 1965 年接手后，公司的透视盈余几乎与帐面价值一样，以 23%的年复合成长率增加。

If our intrinsic value is to grow at our target rate of 15%, our look-through earnings, over time, must also increase at about that pace. When I first explained this concept a few years back, I told you that meeting this 15% goal would require us to generate look-through earnings of about $1.8 billion by 2000. Because we've since issued about 3% more shares, that figure has grown to $1.85 billion.

长期而言，如果我们的实质价值想要以每年15%的幅度来成长的话，那么透视盈余每年也必须增加以这个幅度来成长，几年前我第一次提到这个观念时曾表示，到公元2000年为止，Berkshire若要以15%的目标，透视盈余必须成长18亿美元以上，而由于1993年我们又发行了一些新股，所以现在的门槛提高到18.5亿美元。

The following table sets forth our 2000 look-through earnings, though I warn you that the figures can be no more than approximate, since they are based on a number of judgment calls. The dividends paid to us by these investees have been included in the operating earnings itemized on page 15, mostly under Insurance Group: Net Investment Income.

第 42 页共 56 页 www.buffettism.com 巴菲特研究中心 Research Centre for Buffettism 各位可以从下表看出我们是如何计算出 2000 年透视盈余的，不过我还是要提醒各位这些数字只不过是估计数，很多都是基于简单的判断，(被投资公司所分配的股利收入已经列在 15 页的营业利益之内，大部分包含在保险事业的净投资收益项下)。

The after-tax earnings in 1990 from our preferred had been about $45 million, an amount somewhat higher than the combination in 1991 of three months of dividends on our preferred plus nine months of look-through earnings on the common.

首先我告诉各位旗下媒体事业的盈余，不管是帐面直接或是间接透视一定会减少，而事实证明确是如此，第二个因素发生在 4 月 1 号我们吉列特别股被要求转为普通股，1990 年来自特别股的税后盈余是 4，500 万美元，大概比 1991 年一季的股利总和加上三季的普通股透视盈余还多一点。

Neither the killing of Mr Zarqawi nor any breakthrough on the political front will stop the insurgency and the fratricidal murders in their tracks.

在对危险的南部地区访问时，他斥责什叶派民兵领导人对中央集权的挑衅行为。

In fact,I've got him on the satellite mobile right now.

实际上 我们已接通卫星可视电话了