FINANCIAL
STATEMENTS IN
ENGLISH
Augusto Rocha
Outliers Professional Language School
PAGE 1 OF 24
Objetivo
Este curso tem como finalidade, familiarizar os profissionais das reas de contabilidade, auditoria,
planejamento financeiro / oramentrio e impostos com relatrios financeiros e contbeis em ingls,
proporcionando um conhecimento de extrema importncia no contexto empresarial atual.
Material
Durante seu curso ser utilizada esta apostila. O curso tem durao de 3 horas.
O contedo em planilhas de Excel ser distribudo por e-mail aos participantes do curso.
Tpicos Abordados
1.
2.
3.
4.
5.
6.
7.
8.
Metodologia
Os relatrios mencionados so abordados na ntegra em ingls e trabalharemos alm do
vocabulrio, a pronncia correta e precisa dos termos mencionados. Apresentaremos os balanos e
relatrios financeiros de empresas reais e praticaremos atravs de exerccios.
PAGE 2 OF 24
I.
Introduo / Introduction:
Antes de partirmos para a anlise de um balano patrimonial em ingls, alguns termos contbeis
devem ser esclarecidos:
Bookkepping: Antigamente o Contador era conhecido como Guarda-Livros, em portugus este
termos j caiu no esquecimento ha muito tempo. Em ingls, no entanto, o termo ainda pode ser
utlizado para se referir ao ato de realizar uma contabilizao.
Example: Im doing the bookkeeping now, Im registering debit in Banks and credit on Sales
account.
Accounting or Accountancy: Contabilidade.
Example: I work in the accounting department
Accountant: Contador. Algumas literaturas ainda utilizam o termo bookkepper, (o famoso guardalivros) mas muito ultrapassado.
Algumas funes relacionadas:
Controlling Manager / Controller: algumas empresas europias e americanas chamam todos seus
analistas de controladoria de Financial Controllers, por isso recomendamos o uso do termo
Controlling Manager, para se referir ao Gerente de Controladoria / Controller.
Accontant / Accounting Manager: Contador / Gerente Contbil
Controlling Analyst / Accounting Analyst: Analista de Controladoria / Analista Contbil
Finance Manager: Gerente Financeiro
Finance Analyst: Analista Financeiro
Finance Director: Diretor Financeiro
CFO (Chief Financial Officer): na maioria das empresas o prprio Diretor Financeiro
OUTRAS FUNES / OTHER POSITIONS:
Assistant: Assistente
Coordinator: Coordenador
Supervisor: Supervisor
Deputy Manager: Gerente Adjunto
Head of Finance: este termo pode ser dado ao profissional de Finanas no mais alto grau
hierrquico.
PAGE 3 OF 24
My name is Fausto Silva, Im 34 years old. Im Accounting Manager at Mappin Stores, being
responsible for the Accounting and Tax departments. I have been working for Mappin for 3 years.
PAGE 4 OF 24
II.
Primeiro vamos verificar um balano patrimonial simplificado, reparem que diferente do nosso
Balano em Portugus, um Balano Patrimonial em ingls comea pelo Ativo Imobilizado.
Iniciando pelos ativo de menor liquidez. Isso acontece na maioria dos casos, mas vocs podem
verificar excesses.
BALANCE SHEET
BALANO PATRIMONIAL
ASSETS
Non Current Assets
Intangible Assets
Property, Plant & Equipment (PPE)
Accumulated Depreciation
ATIVOS
Ativos Permanentes
Ativos Intangveis
Ativo Imobilizado
Depreciao Acumulada
Current Assets
Inventories
Trade Receivables
Cash and Cash Equivalents
Ativo Circulante
Estoques
Contas a Receber
Caixa e Bancos
LIABILITIES
Current Liabilities
Borrowings
Provision for Liabilities and Charges
Trade and Other Payables
Tax liabilities
PASSIVO
Passivo Circulante
Emprstimo de Curto Prazo
Proviso para Devedores Duvidosos
Contas a Pagar
Impostos a Pagar
Long-Term Liabilities
Borrowings (long-term debt)
EQUITY
Share Capital
Retained Earnings
PATRIMNIO LQUIDO
Capital
Lucros Acumulados
PAGE 5 OF 24
Company accounts
Consolidated balance sheet - Unilever - Annual Report 2009
http://annualreport09.unilever.com/financial_statements/consolidate...
as at Email
31 December
page
3 of 6
million
2009
million
2008
Goodwill 9
Intangible assets 9
Property, plant and equipment, net 10
Land 19
Deferred tax assets 17
Other non-current assets 11
12.464
4.583
6.644
759
738
1.017
11.665
4.426
5.957
425
1.068
1.426
26.205
24.967
Inventories 12
Unilever.com
Trade and other current receivables 13
Overview
Current tax assets
Our strategy
CashPerformance
and cash equivalents
14
2009
company
OtherOur
financial
assets 14
Financialassets
statements
Non-current
held for sale 27
3.578
3.429
173
2.642
972
17
3.889
3.823
234
2.561
632
36
10.811
11.175
Search
Shareholder information
Close
Find
out about
our vision,
statement
Financial
liabilities
14 brands, operational highlights and strategy, and read the Chairman's(2.279)
and
CEO
review and other current liabilities 16
(8.413)
Trade
payables
Overview
Our vision
Our brands
Operational
highlights
Net current
assets/(liabilities)
statement
TotalChairman's
assets less
current liabilities
Chief Executive Officer's review
Strategy
1 of 6
(487)
(420)
(4.842)
(7.824)
(377)
(757)
(11.599)
(13.800)
(788)
(2.625)
25.417
22.342
7.692
107
6.363
189
1.519
1.820
1.822
1.987
72918/01/11 19:05646
764
790
248
175
12.881
11.970
Share capital 21
Share premium 21
Other reserves 21
Retained profit 21
484
131
(5.900)
17.350
484
121
(6.469)
15.812
Shareholders equity
12.065
9.948
471
424
Total equity
12.536
10.372
25.417
22.342
Minority interests 21
PAGE 6 OF 24
18/01/11 19:05
Ativo Fixo
Hardware /Software
Hardware/Software
PPE
* Ativo Imobilizado
(-) Impairment
(-) Impairment
PORTUGUESE
VERSION
ENGLISH VERSION
BALANO PATRIMONIAL
ATIVO
ATIVO FIXO
Software
(-) Amortizao de Sofware
Software
Ativo Imobilizado
Terrenos
Veculos
Edifcios
(-) Depreciao Acumulada
PPE
Land
LIABILITIES
CURRENT LIABILITIES
Fornecedores (Contas a Pagar)
Provises
Salrios a Pagar
Impostos sobre Vendas
Emprstimos de Curto Prazo
NON CURRENT LIABILITIES
Bank Loans Payables
PATRIMNIO LQUIDO
Capital
Retained Earnings
PAGE 7 OF 24
DEMONSTRAO DE RESULTADOS
Faturamento / Vendas
(-) Custo da Mercadoria Vendida (CMV)
(=) Lucro Bruto
PAGE 8 OF 24
Vamos analisar outro caso real: DRE da Reckitt Benckiser para 2009:
Lets analyze another real case: Reckitt Benckiser 2009s Income Statement
Notes
2009
m
2008
m
Net revenues
Cost of sales
2
3
7,753
(3,089)
6,563
(2,673)
Gross profit
Net operating expenses
4,664
(2,773)
3,890
(2,385)
Operating profit
1,891
1,505
1,891
-
1,535
(30)
1,891
1,505
Operating profit
Finance income
Finance expense
Net finance income / (expense)
17
(16)
31
(62)
(31)
1,892
(474)
1,474
(354)
Net income
1,418
1,120
1,418
1,120
Net income
1,418
1,120
198.9p
194.7p
157.6p
154.7p
8
8
Agora vamos analisar a DRE de uma empresa de servios.. Reparem que os relatrios apresentados
so!"#$%&,-.-+*+(-&#/&)#*%"+0+(,'1+&'()#*+&
resumidos, para no abrir muitas informaes a competidores, por exemplo.
2009
Forlets
the year
endeda31service
December
Notes
m
Now
analyze
company (AP Moller Maersk Group) Income Statement.
The reports
Net income
1,418
are Other
summarized
in order to avoid giving valuable information to competitors.
comprehensive income
Net exchange adjustments on foreign currency translation, net of tax
Actuarial gains and losses, net of tax
Available for sale reserve, net of tax
(Losses) / gains on cash flow hedges, net of tax
Other comprehensive income for the year, net of tax
7
7
7
7
2008
m
1,120
(191)
(68)
8
(15)
479
(74)
(8)
19
(266)
416
1,152
1,536
1,152
1,536
1,152
1,536
PAGE 9 OF 24
FINANCIAL
STATEMENTS
IN ENGLISH
A.P. Mller - Mrsk
A/S
118
Income statement
Amounts in DKK million
Note
Revenue
Operational costs
Other income
Other costs
Profit before depreciation, amortisation and impairment losses, etc.
2009
2008
108,228
107,067
983
145,591
122,936
696
175
1,969
100
23,251
7,8
4
6,783
-1,346
-6,160
4,793
2,573
21,031
5
5
5
Dividends
Financial income
Financial expenses
Profit/loss before tax
Tax
Profit/loss for the year
9,531
1,611
6,640
-1,658
7,919
-9,577
8,155
3,544
8,804
23,926
14,234
9,692
1,429
-11,006
-9,577
325
2,857
6,835
9,692
650
Appropriation:
Dividend
Retained earnings
Dividend per share, DKK
PAGE 10 OF 24
PORTUGUESE VERSION
ENGLISH VERSION
DRE
Faturamento
(-) Sales Discounts
(-) Sales' Taxes
(=) Receita Bruta
(-) Custo da Mercadoria Vendida
Mo-de-Obra Direta
Raw Material Cost
Indirect Labor Cost
(=) Receita Lquida
(-) Despesas Operacionais
Despesas de Marketing
Despesas Administrativas
Despesas de Aluguel
Despesas de Papelaria
Despesas de Salrios
Despesas de Viagens
Despesas de Depreciao
Despesas de Distribuio
(=) Lucro Operacional
(-) Despesas Financeiras
(+) Receitas Financeiras
(=) Lucro Antes do IR/CSLL
(-) Corporate Tax
(=) Lucro Lquido
PAGE 11 OF 24
1000
1010
1040
1060
1070
1100
1140
1150
1200
1205
1210
1215
1220
1230
1400
1410
1420
1430
1470
Petty Cash
Cash / Banks
Savings Account
Investments - Money Market
Investments - Certificates of Deposit
Accounts Receivable
Other Receivables
Allowance for Doubtful Accounts
Raw Materials Inventory
Supplies Inventory
Work in Progress Inventory
Finished Goods Inventory - Product #1
Finished Goods Inventory - Product #2
Finished Goods Inventory - Product #3
Prepaid Expenses
Employee Advances
Notes Receivable - Current
Prepaid Interest
Other Current Assets
Fixed Assets
1500
1510
1520
1530
1540
1550
1560
1690
1700
1710
1720
1730
1740
1750
1760
PAGE 12 OF 24
Liability Accounts
Current Liabilities
2000
2300
2310
2320
2330
2335
2340
2350
2360
2370
2380
2390
2400
2410
2420
2440
2480
Accounts Payable
Accrued Expenses
Sales Tax Payable
Wages Payable
401-K Deductions Payable
Health Insurance Payable
Federal Payroll Taxes Payable
FUTA Tax Payable
State Payroll Taxes Payable
SUTA Payable
Local Payroll Taxes Payable
Income Taxes Payable
Other Taxes Payable
Employee Benefits Payable
Current Portion of Long-term Debt
Deposits from Customers
Other Current Liabilities
Long-term Liabilities
2700
2702
2704
2706
2708
2710
2740
Notes Payable
Land Payable
Equipment Payable
Vehicles Payable
Bank Loans Payable
Deferred Revenue
Other Long-term Liabilities
Equity Accounts
3010
3030
Stated Capital
Retained Earnings
Revenue Accounts
4000
4020
4040
4060
4080
4540
4550
4800
4900
PAGE 13 OF 24
Product #1 Sales
Product #2 Sales
Product #3 Sales
Interest Income
Other Income
Finance Charge Income
Shipping Charges Reimbursed
Sales Returns and Allowances
Sales Discounts
5000
5010
5020
5050
5100
5150
5200
5250
5300
5700
5730
5750
5800
5850
5900
5950
Product #1 Cost
Product #2 Cost
Product #3 Cost
Raw Material Purchases
Direct Labor Costs
Indirect Labor Costs
Heat and Power
Commissions
Miscellaneous Factory Costs
Cost of Goods Sold, Salaries and Wages
Cost of Goods Sold, Contract Labor
Cost of Goods Sold, Freight
Cost of Goods Sold, Other
Inventory Adjustments
Purchase Returns and Allowances
Purchase Discounts
Expenses
6010
6050
6150
6200
6300
6350
6400
6450
6500
6510
6520
6530
6550
6600
6650
6660
6670
6700
6710
6750
6800
6850
6900
7000
7050
7100
7200
7250
7300
7350
7400
7450
PAGE 14 OF 24
Advertising Expense
Amortization Expense
Bad Debt Expense
Bank Fees
Charitable Contributions Expense
Commissions and Fees Expense
Depreciation Expense
Subscriptions Expense
Employee Benefit Expense, Health Insurance
Employee Benefit Expense, Pension Plans
Employee Benefit Expense, Profit Sharing Plan
Employee Benefit Expense, Other
Freight Expense
Gifts Expense
Income Tax Expense, Federal
Income Tax Expense, State
Income Tax Expense, Local
Insurance Expense, Product Liability
Insurance Expense, Vehicle
Interest Expense
Laundry and Dry Cleaning Expense
Legal and Professional Expense
Licenses Expense
Maintenance Expense
Meals and Entertainment Expense
Office Expense
Payroll Tax Expense
Penalties and Fines Expense
Other Taxes
Postage Expense
Rent or Lease Expense
Repair and Maintenance Expense, Office
7460
7550
7600
7620
7650
7700
7750
7800
8900
9000
Outras Nomenclaturas:
EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) Lucro Antes dos
Juros, Impostos, Depreciao e Amortizao
EBIT (Earning Before Interst and Taxes) Lucro Antes dos Juros e Impostos
PBT (Profit Before Taxes) Lucro Antes do IR
Leverage Alavancagem
Liquidity Liquidez
EVA (Economic Value Added) Valor Econmico Agregado
Financial Analysis Anlise Financeira
PAGE 15 OF 24
Lucro Operacional
Ajustes para Reconciliar com o Caixa
Depreciao
Reduo no contas a receber
Reduo em Estoques
Reduo em Despesas Antecipadas
Reduo no contas a pagar
Reduo nas provises de despesas
note1
note 2
note3
Note 1
Note 2
Note 3
PAGE 16 OF 24
4X4]4X
2009
m
2008
m
1,891
139
(15)
2
39
(12)
220
59
1,505
107
(65)
(32)
61
59
2,323
(23)
19
(371)
1,640
(58)
31
(280)
1,948
1,333
(158)
11
1
18
(216)
9
(1,081)
34
-
(128)
(1,254)
131
(1,359)
(648)
63
(300)
1,146
(506)
(441)
(1,876)
(38)
(56)
398
(8)
41
311
46
334
398
351
(17)
417
(19)
334
398
1,948
(145)
1,333
(156)
1,803
1,177
PAGE 17 OF 24
REVENUES
Sales Per Region - Volume
Product
Sandals
Shoes
Tennis Shoes
Total
South
100
20
1000
1120
East
200
40
500
740
North
300
60
750
1110
West
400
80
900
1380
East
18,00
36,00
50,00
North
16,00
32,00
55,00
West
15,00
30,00
58,00
South
2.000,00
800,00
60.000,00
62.800,00
East
3.600,00
1.440,00
25.000,00
30.040,00
North
4.800,00
1.920,00
41.250,00
47.970,00
West
6.000,00
2.400,00
52.200,00
60.600,00
Marketing
300,00
30,00
40,00
0,00
60,00
0,00
55,00
485,00
HR
100,00
20,00
15,00
0,00
40,00
0,00
55,00
230,00
Finance
200,00
5,00
10,00
0,00
40,00
60,00
55,00
370,00
Legal
50,00
10,00
5,00
0,00
20,00
0,00
55,00
140,00
South
20,00
40,00
60,00
EXPENSES:
Expense
Salaries
Telephone
Travel
Representation
Consultants
Auditors
Rent
Total
Sales
400,00
50,00
150,00
80,00
0,00
0,00
55,00
735,00
Total
1.050,00
115,00
220,00
80,00
160,00
60,00
275,00
1.960,00
Customer Satisfaction
Punctuality on Deliveries
ROI
Gross Margin %
Client Retaintion
Employees Turnover
PAGE 19 OF 24
IX. ANEXO:
1. Lista de profisses: Ingls - Portugus
Ingls
Accountant
Architect
Biologist
Business Administrator
Chemist
Consultant
Doctor
Economist
Engineer
Entrepreneur
Insurance Broker
Journalist
Lawyer
Marketer
Nurse
Pharmacist
Physician
Procurement Buyer
Professor
Psychologist
Public Relations
Real Estate Broker
Researcher
Salesperson
Teacher
Treasurer
Portugus
Contador
Arquiteto
Bilogo
Administrador
Qumico
Consultor
Mdico
Economista
Engenheiro
Empreendedor
Corretor de Seguros
Jornalista
Advogado
Publicitrio
Enfermeira
Farmacutico
Fsico
Comprar
Professor Universitrio
Psiclogo
Relaes Pblicas ou Assessor de Imprensa
Corretor de Imveis
Pesquisador
Vendedor
Professor
Tesoureiro
Ingls
Business Administrator
Lawyer
Architect
Biologist
Procurement Buyer
Consultant
Accountant
Real Estate Broker
Insurance Broker
Economist
Entrepreneur
Nurse
Engineer
Pharmacist
Physician
Journalist
Mdico
Pesquisador
Professor
Professor Universitrio
Psiclogo
Publicitrio
Qumico
Relaes Pblicas ou Assessor
de Imprensa
Tesoureiro
Vendedor
Doctor
Researcher
Teacher
Professor
Psychologist
Marketer
Chemist
Public Relations
Treasurer
Salesperson
Portugus
Analista
Aprendiz
Assistente
Gerente Adjunto
Presidente
Diretor Financeiro
Chefe
Coordenador
Diretor
Estagirio
Gerente
Supervisor
Trainee
Gerente Geral
Gerente de Relacionamento
Vice presidente
Scio
Ingls
Analyst
Apprentice
Assistant
Chief
Coordinator
Director
CFO / Finance Director
Intern
Manager
Assistant Manager
Relationship Manager
Gerente Geral
General Manager
Presidente
Scio
Supervisor
Trainee
Vice presidente
CEO / President
Partner
Supervisor
Trainee
Vice President (VP)
Portugus
Contabilidade
Contas a Pagar
Contas a Receber
Administrativo
Auditoria
Desenvolvimento de negcios
Comercial
Comunicao
Controladoria
Credit
Atendimento ao cliente
Exports
Financeiro
Planejamento Financeiro
Recursos Humanos
Imports
Seguros
TI - Tecnologia da Informao
Legal
Logstica
Manuteno
Inteligncia de Mercado
Marketing
Fuso e Aquisio
Petrleo e Gs
Operaes
Planejamento
Processos
Compras
Produo
Projetos
Garantia de Qualidade
Pesquisa e Desenvolvimento
Varejo
Gerenciamento de Risco
Vendas
Strategy
Supply Chain
Tax
Estratgia
Suprimentos
Tributrio, Fiscal
PAGE 22 OF 24
Treinamento e Desenvolvimento
Tesouraria
Atacado
2. Portugus Ingls
Portugus
Administrativo
Atacado
Atendimento ao cliente
Auditoria
Comercial
Compras
Comunicao
Contabilidade
Contas a Pagar
Contas a Receber
Controladoria
Credit
Desenvolvimento de negcios
Estratgia
Exports
Financeiro
Fuso e Aquisio
Garantia de Qualidade
Gerenciamento de Risco
Imports
Inteligncia de Mercado
Legal
Logstica
Manuteno
Marketing
Operaes
Pesquisa e Desenvolvimento
Petrleo e Gs
Planejamento
Planejamento Financeiro
Processos
Produo
Projetos
Ingls
Administration
Wholesale
Customer Service
Audit
Commercial
Procurement
Communication
Accounting
Accounts Payable
Accounts Receivable
Controlling
Crdito
Business Development
Strategy
Exportao
Finance
Merger & Acquisition (M&A)
Quality Assurance
Risk Management
Importao
Market Inteligence
Legal
Logistics
Maintenance
Marketing
Operations
Research & Development (R&D)
Oil & Gas
Planning
Financial Planning
Process
Production
Projects
Recursos Humanos
Seguros
Suprimentos
Tesouraria
TI - Tecnologia da Informao
Treinamento e Desenvolvimento
Tributrio, Fiscal
Human Resources
Insurance
Supply Chain
Treasury
IT - Information Technology
Training and Development
Tax
Varejo
Vendas
Retail
Sales
PAGE 23 OF 24
PAGE 24 OF 24