Vocabulary. Unit 8. Lending and Borrowing

Money

Text 1.

Unit 8. Lending and Borrowing.

Text 2.

Vocabulary

Ex. 1.

Vocabulary.

Profit & Loss account	отчет о доходах и расходах
home sales	отдел внутренних продаж
export sales	экспортные продажи
cost of sales	сырье + производство
gross profit	валовая прибыль
distribution costs	транспортные расходы
administrative costs	управленческие расходы
profit before tax	прибыль до уплаты налогов
profit after tax	прибыль после уплаты налогов
tax	налог
dividend	дивиденд
retained profit	прибыль, удержанная от распределения – отчисленная в резерв

Find the answer to the questions given in the first column in the second column.

increase	увеличиваться в объеме
go up	выросли
rise	подняться, повыситься
decrease	уменьшаться в объеме
go down	понизить, понижаться
fall	упасть, падать
to change	меняться, изменяться

1. What happened to the Home Sales this year?

2. What happened to the import sales this year?

3. What happened to the cost of sales?

4. What about gross profit?

5. What happened to the distribution costs this year?

6. What about taxes?

7. What about profit before tax?

8. What about administrative costs?

increased

gone up

risen

They have decreased

It has gone down

It hasn’t

fallen

changed

Read and translate an extract from CEO’s report to the shareholders.

Dear Shareholders,

Your company can look back on a year of unprecedental success, in which we far surpassed our ambitions goals.

Heading the list of outstanding achievements was the record result of EUR 3.4 billion in net income after taxes, an increase of more than 80 percent over the previous year. Dramatic growth was a further highlight of the year. New orders rose by 20 percent and sales climed by 14 percent. As a result we are increasing the dividend from EUR 1.00 to EUR 1.40 and we are distributing an extra dividend of EUR 1.00 per share. In addition we are offering our shareholders a one-time oppotunity to buy shares at a 50-percent discount to market value.

Read and translate the dialogue.

A So, Mr Kwoan, you'd like to buy a flat?

B Yes. that's right.

A And how much would you like to borrow from us?

B I need a loan of £45.000.

A And what's the price of the flat?

B It's £65,000, including all the costs.

A And what about the rest of the money?

B That comes from personal savings.

A So, you have £20,000 In personal savings to invest.

B Yes. that's right.

A And when do you want to pay back the loan?

B Well, over fifteen or twentyyears. It depends on the monthly repayment.

A Well, let mesee.... over fifteen years the repayment would be £420 a month, and for twenty years. It would be £390.

B I think I prefer fifteen years. What interest rate can you offer?

A At the moment, the rate is 6.6%.

B OK. A Just one more question, Mr Regan. What's your monthly Income?

B It's £625 after tax.

A £6251 And does your wife work?

B No, she doesn't work at the moment - we have two young children.

B Ah.... I think we may have a little problemhere, Mr Regan.

to buy	покупать
to borrow from	занимать деньги где-либо, у кого-либо
a loan	заем
price	(n) цена
to include	включать
cost	расход, затрата, стоимость
personal savings	личные сбережения
to invest	инвестировать, вкладывать деньги в ч.-л.
to pay back the loan	выплачивать долг, заем
to depend on	зависеть от чего-л.
monthly repayment	ежемесячная сумма погашения долга (выплат по займу)
interest rate	процентная ставка
monthly income	ежемесячный доход

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