Glossary entry (derived from question below)
Norwegian term or phrase:
sammensatt kontrakt
English translation:
single (composite) contract
Added to glossary by
brigidm
Jun 13, 2009 11:20
14 yrs ago
Norwegian term
sammensatt kontrakt
Norwegian to English
Bus/Financial
Accounting
Annual report. Sentence reads:
"Kostnader i forbindelse med implementering av driftskontrakter hvor implementering og drift sees som en sammensatt kontrakt balanseføres som forskuddsbetalt kostnad og fordeles over tjenesteperioden"
"Kostnader i forbindelse med implementering av driftskontrakter hvor implementering og drift sees som en sammensatt kontrakt balanseføres som forskuddsbetalt kostnad og fordeles over tjenesteperioden"
Proposed translations
(English)
| 3 +1 | single composite contract |
Adrian MM. (X)
|
| 3 +1 | compound (combined, made into one) contract |
Yasutomo Kanazawa
|
| 3 -1 | complex contract |
rajagopalan sampatkumar
|
Proposed translations
+1
2 hrs
Selected
single composite contract
Let's not forget the term composite, not only used in Indian contracts.
Example sentence:
The contract for the service was a single composite contract www.servicetax.gov.in/circular/st-circular08/st_circ_98-2k8.htm
Note from asker:
| After I pointed out the term used in IAS 11, the client agreed that "single contract" was what was meant here. Thanks Tom. |
Peer comment(s):
| agree |
Charlesp
: could be a "consolidated" contract, but "single composite contract" is more precise, is an excellent alternative, and could be the best solution.
1 day 11 hrs
|
|
More is than could, methinks. Thx.
|
4 KudoZ points awarded for this answer.
Comment: "I decided to use "single contract", in line with the term used in IAS 11, but this, as Charles point out, is more precise."
+1
17 mins
Yasutomo Kanazawa
Japan
Japan
Japan
Scientia est potentia
Native in: Japanese 
Works in: English to Japanese, German to Japanese, Italian to Japanese, and 3 more.
compound (combined, made into one) contract
It's actually two contracts, combined into one contract.
Peer comment(s):
| agree |
Vedis Bjørndal
: Cannot find exact hits, but it seems OK to me. If you use "single", I think it may be misunderstood. Maybe "single-entity c." could fit
1 hr
|
|
Thank you
|
-1
7 hrs
rajagopalan sampatkumar
Switzerland
Switzerland
Native in English
Specializes in field
Switzerland
30 years in legal, commercial and social
Native in: English
Works in: Danish to English, Norwegian to English, Swedish to English, and 2 more.
Related KudoZ points
:
2
complex contract
--
Discussion
Under IAS 11, if a contract covers two or more assets, the construction of each asset should be accounted for separately if (a) separate proposals were submitted for each asset, (b) portions of the contract relating to each asset were negotiated separately, and (c) costs and revenues of each asset can be measured. Otherwise, the contract should be accounted for in its entirety. [IAS 11.8]
Two or more contracts should be accounted for as a single contract if they were negotiated together and the work is interrelated. [IAS 11.9] "