有盈余

Now there are surpluses in Asia, and less and less need for those loans.

如今的亚洲经济已有了盈余，越来越不需要那些贷款了。

After September 11th, training for commercial airlines fell, and today it remains depressed. However, training for business and general aviation, our main activity, is at near-normal levels and should continue to grow. In 2002, we expect to spend $162 million for 27 simulators, a sum far in excess of our annual depreciation charge of $95 million. Those who believe that EBITDA is in any way equivalent to true earnings are welcome to pick up the tab.

事件发生之后，商业飞机训练业务受到严重影响，而且截至目前为止依旧没有改善的迹象，不过我们的业务大宗-商务及一般飞行的训练则维持在近乎正常的水准，并有可能继续维持成长，展望 2002 年，我们预计斥资 1.62 亿美元添购 27 架飞行仿真器，这笔投资金额远超过我们一年的 9，500 万美元的折旧金额，我们欢迎那些爱用 EBITDA(扣除利息税负及折旧摊销前的盈余)的人士来为我们买单。

The two obvious ways to eliminate the current account surpluses are an exceptional investment boom (as happened, so disastrously, before the Asian financial crisis) and huge government dissaving.

消除经常帐户盈余有两种明显的方法，一是特别高的投资（在亚洲金融危机之前曾经出现并酿成灾难），二是政府大量动用储金。

Over the years, we've been Woody-like in our thinking, attempting to increase our marketable investments in wonderful businesses, while simultaneously trying to buy similar businesses in their entirety. The following table illustrates our progress on both fronts. In the tabulation, we show the marketable securities owned per share of Berkshire at ten-year intervals. A second column lists our per-share operating earnings (before taxes and purchase-price adjustments but after interest and corporate overhead) from all other activities. In other words, the second column shows what we earned excluding the dividends, interest and capital gains that we realized from investments. Purchase-price accounting adjustments are ignored for reasons we have explained at length in previous reports and which, as an act of mercy, we won't repeat. We'll be glad to send masochists the earlier explanations, however.

多年来，我们的看法一直与伍迪一致，在努力增加我们非凡企业的投资部位的同时，也试着买下一些同样优秀企业的全部所有权，下表充分显示了我们在这两方面的进展，表中列示出在十年间Berkshire每股所拥有的股票价值以及每股在扣除利息与营业费用之后来自其它活动的营业利益(但未扣除所得税与购买法会计调整数)，换言之，后者所代表的是在扣除我们从股票投资所得的股利、利息收入与资本利得之后的盈余收益，至于购买法会计调整数不列入的原因，在以前的年报中，我们已经花了相当的篇幅解释过了，在这个地方我们就不再重复了，当然如果你有被虐待的倾向的话，我们也不介意再复述一次。

As part owner,you benefit by receiving part of the profits or dividends and sharing in the growth of the value of the company.

作为公司的部分领有者，你有权分享公司发展所带来的利润或者盈余和公司发展所带来的升值。

However, the estimation results show that most estimated values are not statistically significant. According to the Burgstahler and Dichev (1997), Mills and Newberry (2001), and Phillips, Pincus, and Rego (2003) studies, this study tries to examine whether the income tax expense/benefit has the ability to forecast the earnings management by using the temporary differences between GAAP and tax law while under the control of non-discretionary accruals and tax incomes.

延伸Burgstahler and Dichev(1997)、Mills and Newberry(2001)及Phillips，Pincus，and Rego(2003)的研究，本研究试著由GAAP与税法规定同所产生之暂时性差入，在影响课税所得的情况，并控制非裁性应计项目后，检定递延所得税费用/是否对盈余管有预测能。

But it had a nine million dollar surplus in cranberries.

但是它有900万美元的盈余在酸果蔓上。

But it had a nine million dollar surplus in cranberries.

但是它在酸果蔓果上有9百万的盈余。

But it had a nine million dollar surplus in cranberries.

但在出口小红梅有九百万美元的盈余。

Due to the alteration of stock pricing model, the incentive effect of stock ownership, the circulation of the founders' shares, the institutional investors' taking the lead in stock market and the changes in the aspects of merger of corporations, such changes of behavior will result in evolution of the choice of accounting policies, earmings management accounting fraud and disclosure of accounting information, etc.

由于股票定价模式的转变、股权激励和发起人股份流通、以及机构投资者将主导市场、还有收购兼并等方面的变化，就有可能引起会计政策选择、盈余管理以及会计欺诈、会计信息披露等行为的演变。

On the other hand, the more important thing is because the urban housing is a kind of heterogeneity products.

另一方面，更重要的是由于城市住房是一种异质性产品。

Climate histogram is the fall that collects place measure calm value, cent serves as cross axle for a few equal interval, the area that the frequency that the value appears according to place is accumulated and becomes will be determined inside each interval, discharge the graph that rise with post, also be called histogram.

气候直方图是将所收集的降水量测定值，分为几个相等的区间作为横轴，并将各区间内所测定值依所出现的次数累积而成的面积，用柱子排起来的图形，也叫做柱状图。