Translation of "translation of flux de trésorerie actualisés " (French → English) :

2. Expected cash flows shall be discounted at the rate or rates reflecting, as appropriate, the timing associated with expected cash flows, prevailing circumstances as of the resolution decision date, risk-free interest rates, risk premia for similar financial instruments issued by similar entities, market conditions or discount rates applied by potential acquirers and other relevant characteristics of the element or elements being valued (‘relevant discount rate’).

goodwill and intangibles, where the impairment test may depend on subjective judgement, including as regards the reasonably attainable cash flow stream, discount rates, and the perimeter of cash generating units.

For purposes of determining the treatment that shareholders and creditors would have received had the entity been put under normal insolvency proceedings, the valuer should determine the expected timing and amount of net cash flows that each shareholder and creditor would have received from the insolvency proceedings without assuming any State aid, discounted at the relevant discount rate or rates.

29. Calls on the Secretary-General, with the assistance of DG INLO and all DGs to carry out a in-depth analysis of the actual use of Parliament's buildings and of the need for rules applicable to all categories of users and to develop, as a matter of priority, a single, reliable database containing all relevant information about all the persons accommodated in Parliament's buildings; observes that the Bureau decision on Parliament's medium- and long-term property policy constitutes a good starting point in this respect; calls on DG INLO to scrupulously implement the action plan agreed with the Internal Auditor; calls for a comparative ...[+++] analysis of capital, capital service and maintenance costs per square meter of office space occupied as against the current rental cost of office space in the ‘European district’ in Brussels; demands that, before any more office buildings are purchased, their value must be ascertained by means of discounted cash flow (DCF) analysis;

26. Calls on the Secretary-General, with the assistance of DG INLO and all DGs to carry out a in-depth analysis of the actual use of Parliament's buildings and of the need for rules applicable to all categories of users and to develop, as a matter of priority, a single, reliable database containing all relevant information about all the persons accommodated in Parliament's buildings; observes that the Bureau decision on Parliament's medium- and long-term property policy constitutes a good starting point in this respect; calls on DG INLO to scrupulously implement the action plan agreed with the Internal Auditor; calls for a comparative ...[+++] analysis of capital, capital service and maintenance costs per square meter of office space occupied as against the current rental cost of office space in the ‘European district’ in Brussels; demands that, before any more office buildings are purchased, their value must be ascertained by means of discounted cash flow (DCF) analysis;

2. The best estimate shall be consistent with the probability-weighted average of future cash-flows, taking account of the time value of money (expected present value of future cash-flows), using the relevant risk-free interest rate term structure so that the discount rate is consistent with market prices for observable cash flows, the characteristics of which are similar to those of liabilities as regards, inter alia, duration, currency and liquidity.