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Subject: net worth fin. In considering the consequences of the Government’s assumption of responsibility for the Bank's loan, a distinction must be drawn between the effect this had on JV’ net worth and on its market value. [The Company]’s financial statements show no change in JV's net worth following the Paris Club restructuring of the Bank's loan.< > To understand why this is so, consider the case of two companies, each having a very modest net worth and differing only in that the first company has no debt and the second company very substantial debts that were used to build a loss-making factory whose carrying value exactly matches the amount of the related debt. In principle, there is no reason why the first company could not have a market value well in excess of its net worth (for example, if it was the owner of a valuable patent). While the second company could also have a positive net worth (because, for example, it has assets in addition to the loss-making factory), it cannot in practice have a positive market value if the company has no realistic prospect of ever repaying its debt. Чистая стоимость капитала - подходит? |
| Net worth -- это то же самое, что equity (assets - liabilities). Если речь идет о компании, то я обычно пишу "собственный капитал", если о человеке -- "чистые активы". |
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