Terms and figures
What the numbers in a Luxembourg annual filing mean, and what a company's identifiers are. Each entry also says where we read the figure from.
Financial figures
Total assets
Everything the company owns at the balance sheet date, as one figure.
Fixed assets
What the company holds to use over the long term, rather than to sell.
Capital and reserves
Assets minus liabilities — the part of the company that genuinely belongs to its owners.
Result for the year
What is left once every charge and every tax has been taken out of every income. Negative, it is a loss.
Financial assets
What the company holds in other companies and means to keep: shares, participating interests, loans and securities.
Participating interests
Rights held in the capital of other undertakings, meant to create a lasting link.
Total liabilities
Everything funding the company other than its owners: creditors, provisions and deferred income together.
Creditors
What the company actually owes — to banks, suppliers, affiliated undertakings and the state.
Creditors due within one year
The part of creditors with twelve months or less left to run.
Creditors due after more than one year
The part of creditors with more than twelve months left to run.
Provisions
Likely, clearly identified charges whose amount or timing is still uncertain.
Current assets
Assets expected to turn into cash within the year.
Cash at bank and in hand
The money the company actually holds at the balance sheet date.
Net turnover
What the company earned from its ordinary trading over the year, before any charges.
Other operating income
Trading income that does not come from selling goods or services.
Raw materials, consumables and other external expenses
What the company buys in to operate: goods, supplies, subcontracting, rent, fees, energy.
Staff costs
The full cost of employees: wages and salaries, social security and pension charges.
Value adjustments
Depreciation and impairment — the loss of value of assets recognised over the year.
Other operating charges
Trading charges that fit none of the lines above.
Operating result
The result of the trading itself, before financial income and charges.
Interest payable and similar expenses
The cost of borrowed money, plus exchange losses and other financial charges.
Profit before tax
The result for the year before tax on the result is deducted.
Tax on profit or loss
Tax on the company's profit: corporate income tax, the employment fund contribution and the municipal business tax together.
Calculated ratios
Company identifiers
Legal terms
Legal form
The form a business takes — S.à r.l., S.A., S.à r.l.-S, SCS and others.
Annual accounts
The balance sheet and profit and loss account every Luxembourg company files with the Trade and Companies Register each year.
Confidential profit and loss account
The right, for some companies, to file their profit and loss account without it being published.
Abridged accounts
The lighter balance sheet and profit and loss account open to small companies.