盈余

B When any person elected or chosen as a director or officer of any corporation subject to the provisions hereof is eligible at the time of his election or selection to act for such corporation in such capacity, his eligibility to act in such capacity shall not be affected by any of the provisions hereof by reason of any change in the capital, surplus and undivided profits, or affairs of such corporation from whatever cause, until the expiration of one year from the date on which the event causing ineligibility occurred.

依据本法规定已选举为或被指定为公司董事或管理人员的人，如在其选举期内为该公司以该身份工作是合适的。在造成不适宜的事由发生后一年之后，其任职的适宜性不因任何原因导致的资本、盈余、未分配的利润的变化受本规定的影响。

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)。

We will not, however, inundate you with data that has no real value in estimating Berkshire's intrinsic value.

因此在接下来的报告中，我们将按产业别分类列示各产业的资产负债表、盈余数字以及我们的看法，我必须让各位了解除非在极少数的情况下，我们尽量避免对外举债，同时我们也不会塞给你一大堆对於分析 Berkshire 实质价值没有帮助的数字，因为这样做反而会模糊了焦点。

The result of Johansen co-integration tests prove that exists.

最后我们还采用Johansen协整检验和向量误差修正模型来研究股票价格和会计盈余变量之间是否存在长期的均衡。

Mr Howard said that within two years of winning government in 1996, he and treasurer Peter Costello "set the budget on the road to being in surplus, we completely revolutionised the whole labour exchange system, we'd sold 30 per cent of Telstra, we'd changed the labour market, we'd given the Reserve Bank independence, we had a charter of budget honesty, we'd got the Wallis inquiry into the financial system."

霍华德表示，联盟党1996年赢得大选，在短短的两年时间内，他和财相柯斯特洛就做好了经济规划，誓将预算扳回盈余，"我们彻底的改革了工党的体制，卖了30%的 Telstra 股票，改善了劳动力市场，我们让储行独立，在预算上诚实面对选民，委任 Wallis 对金融体系进行彻查。"

When I make a surplus I tend to eat leftovers.

当我作出的盈余，我倾向于吃剩菜。

Propose ;Surplus reserves are a way to limit the distribution of retained earnings.

目的：盈余公积则与国外的法定准备相同，属于限制利润分配的一种手段。

The following table sets forth our 1996 look-through earnings,though I warn you that the figures can be no more than approximate, since

各位可以从下表看出我们是如何计算出1996年透视盈余的，不过我还是要提醒各位

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.

各位可以从下表看出我们是如何计算透视盈余的，不过我还是要提醒各位这些数字有点粗糙，(被投资公司所分配的股利收入已经包含在保险事业的净投资收益项下)。

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

Breath, muscle contraction of the buttocks; arch body, as far as possible to hold his head, right leg straight towards the ceiling (peg-leg knee in order to avoid muscle tension).

呼气，收缩臀部肌肉；拱起身体，尽量抬起头来，右腿伸直朝向天花板（膝微屈，以避免肌肉紧张）。

The cost of moving grain food products was unchanged from May, but year over year are up 8%.

粮食产品的运输费用与5月份相比没有变化，但却比去年同期高8％。