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Тема: Финансовая деятельность компании.

 COMPANY FINANCE

A company's share capital is often referred to as equity capital. Part of the company's profit is paid to shareholders as a dividend according to the number of shares they own. If shareholders sell their shares they get more or less than the face value. It depends on the fact if the company is doing well or badly. If the company needs to raise more capital for expansion it might issue new shares. It gives existing shareholders to buy these new shares at low price. This is called rights issue.

If the company wants to turn some of its profit into capital or capitalise some of its profit it can issue new shares at no cost to the existing shareholders. This issue is called bonus or capitalisation issue. Companies often issue such shares instead of paying dividends to the shareholders.

A business must be supplied with finance at the moment it requires it. If there is a regular inflow of receipts from sales and a regular outflow of payments for the expenses of operation there are no serious problems. But in many cases a considerable time must elapse between expenditure and the receipt of income. It is the purpose of financial institutions to assist in the financing of business during this interval. Business companies turn to the capital market and the commercial banks to assist them.

WORDS

 share capital –акционерный капитал, syn. equity capital, joint stock capital, stock

 Face-лицевая сторона

 face value-номинальная стоимость

 to elapse-проходить(о времени)

 elapse-промежуток времени.

 Receipts-денежные поступления

 expenses-расходы syn expenditures

 income-доход

 to depend on-зависить от

 to raise-собирать,занимать

 expansion-расширение

 to turn into –превращать в

 to capitalise –капитализировать capitalization-капитализация, превращение в капитал

 bonus-бонус

 inflow-приток- ant. Outflow-отток

              Tasks

1. Translate into Russian:

share capital

equity capital

shareholder

face value of a share

rights issue

to issue shares

inflow of receipts

outflow of payments

expenditure

receipt of income

elapse between them

2. Complete as in the text:

1. A company's share capital is often referred to as...

2. Part of the company's profit is paid to shareholders as.

3. If shareholders sell their shares...

4. If the company needs to raise more capital for expansion...

5. Often it gives existing shareholders...

6. If the company wants to turn some of its profit into capital..

7. This issue is called...

8. Companies often issue such shares instead of...

9. If there is a regular inflow...

10. But in many cases a considerable time must elapse...

11. It is the purpose of financial institutions to... Business companies turn to...

Translate the text into Russian.

4. Sum up what the text said about:

dividends

rights issues

bonus issues

cases when companies need financial assistance

organisations which provide financial assistance

 

6. What would you do if you received good dividends:

Put money in a bank

Buy gold

Buy shares

Buy a car

Buy a country house

Travel abroad?

ТЕМА: Акции и акционерный капитал.


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