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Glossary entry

Italian term or phrase:

quota urbanizzazione

English translation:

contribution towards urbanisation/urbanisation costs

Added to glossary by Amy Christie
Feb 1, 2009 16:46
15 yrs ago
2 viewers *
Italian term

quota urbanizzazione

Italian to English Bus/Financial Business/Commerce (general) bilancio
I imagine this should read 'quota DI urbanizzazione', but I am not sure what the UK term would be.

This appears under the following heading on the balance sheet:

2) Variazione rimanenze prodotti in corso di lavorazione, semilavorati e finiti:
Variazioni magazzino
Quota urbanizzazione su terreni e rustico venduti

(I think 'rustico' refers to semi-finished buildings as opposed to rural, as it is mentioned in this context in a related document - though if anyone disagrees, do let me know!).

Thanks.
Proposed translations (English)
4 +2 contribution towards urbanisation
4 +1 amount/percentage of development
References
quota di urbanizzazione

Discussion

bonafide1313 Feb 12, 2009:
Thank you Jim, you've helped me to understand better the whole context, particularly in terms of the balance sheet items.
James (Jim) Davis Feb 12, 2009:
Hi Bonafide From your reference this would definitely be a tax, paid probably in one go. It would have to be expensed to the income statement, but only the part relating to the year in question, since buildings often take more than a year to complete and sell.
bonafide1313 Feb 2, 2009:
Hi, Jim, thank you very much for the explanation regarding financial statements; not being native in either English or Italian I really appreciate very much every opportunity to hear something from people who know; therefore, pls excuse my ignorance, but I am still confused with this particular entry; presumably percentage of development would not be entered into P/L, so let's take the amount: "the amount of development" (su terreni e rustico venduti) would be the (monetary)value of what the company built (developed, constructed) on the said property in the FY? I was quite sure that "quota di urbanizzazione" was a sort of a "development tax", and such a tax exists no doubt imo, but now that I've seen your point - the heading under which the item appears - I'm sure about nothing :((
Amy Christie (asker) Feb 2, 2009:
I had thought it may be financial statements instead, so will go with this. No mention anywhere of stato patrimoniale, only Preconsuntivo. Sorry Giovanni - I wasn't asking a separate question - it was linked in with this one regarding the peer comment from Bonafide in James' suggested answer.
Giovanni Pizzati (X) Feb 2, 2009:
For further questions, you have to post single inquiries according to the rules of this site.
James (Jim) Davis Feb 2, 2009:
I imagine that after "conto economico" there is another sub heading of stato patrimoniale. In which case Bilancio here is not balance sheet but "financial statements". Profit and loss account is Ok as a UK alternative to income statement.
Amy Christie (asker) Feb 2, 2009:
Hi James I translated bilancio as 'balance sheet' and it is followed by a sub-heading of 'conto economico', for which I put 'profit and loss account'. Does this sound ok? Thanks for your explanatory note.
Amy Christie (asker) Feb 1, 2009:
this entry has a debit of nearly Euro 200,000 so it is a large 'quota'.
Giovanni Pizzati (X) Feb 1, 2009:
Rustico
2 (casa di contadini) cottage: ha un - in collina, he's got a cottage in the hills.

Proposed translations

+2
14 mins
Selected

contribution towards urbanisation

A possibility.
Peer comment(s):
agree Giovanni Pizzati (X)
56 mins
agree bonafide1313 : I believe it is a sort of a contribution, tax, rate or similar, paid to government
16 hrs
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "After consultation with the client, 'urbanisation costs' was agreed upon. Therefore, this answer is the nearest, especially with bonafide's note. Thank you also, James, for your ongoing assistance!"
+1
2 hrs

amount/percentage of development

The quota is the amount or the percentage of the whole contract completed during the year (prodotti in corso di lavorazione). I think "development" is the best word to use for "urbanizzanzione" here. A property developer, develops land, builds roads puts in sewers, constructs buildings and so on.

--------------------------------------------------
Note added at 17 hrs (2009-02-02 10:12:19 GMT)
--------------------------------------------------

Hi Bonafide, Hi Amy, "Variazioni magazzino" or changes in inventories, is the difference between your opening stock at the beginning of the year and at the end of the year. If it is positive, it is a profit and a loss if negative and it goes on the income statement (conto economico) not on the balance sheet (stato patrimoniale). The whole inventory (rimanenze), not the changes, goes on the balance sheet.
Reference:

http://en.wikipedia.org/wiki/Real_estate_developer

Peer comment(s):
agree maryrose
13 hrs
neutral bonafide1313 : but would this item fit into a balance sheet?RPLY: the question says balance sheet, therefore my concern.RPLY: thks
13 hrs
No it is an income statement item, not a balance sheet item. "Variazione rimanenze prodotti in corso di lavorazione, semilavorati e finiti, or changes in stock go on income statements not balance sheets.
Something went wrong...

Reference comments

17 hrs
Reference:

quota di urbanizzazione

Contributo di costruzione
Somma da versare al Comune per ottenere la concessione edilizia. Si compone di varie quote, relative a
vari parametri: quota di urbanizzazione per le relative spese; quota di costruzione per edifici o impianti
residenziali, turistici, commerciali; quota ecologica per le opere di smaltimento nel caso di insediamenti
industriali e artigianali; quota ambientale per le opere di risistemazione di luoghi alterati da
insediamento di attività produttive.

--------------------------------------------------
Note added at 17 hrs (2009-02-02 10:05:54 GMT)
--------------------------------------------------

The fees for the issuance of the building permit are calculated based on the building value and on the urbanization costs sustained by the municipality. The fee based on building value must be paid no later than 60 days after the completion of the building; the fee based on urbanization costs must be paid upon issuance of the building permit.
http://www.doingbusiness.org/ExploreTopics/DealingLicenses/D...
Reference:

http://www.freidok.uni-freiburg.de/volltexte/5055/pdf/I_paesaggi.pdf

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