Dave's ESL Cafe's Student Discussion Forums

[student teacher]

Hello teachers,

Would you please teach me the meaning of the phrase of "in the year to..." in the following example sentences
1) "Gross new mortgage lending has fallen by 13.4pc in the year to the second quarter of 2008" and
2) "Insurance revenues grew by 74% in the year to May 2008" ?

In the case of 2), from when to May 2008?
January 2008 or June 2007?

Thanks in advance.

[Philo Kevetch]

Hello Student Teacher -

The fiscal year for private institutions and individuals ends on December 31 and on June 30 for the U.S. government - so.....January 2008.

Philo

[student teacher]

Hi, teacher Philo Kevetch,

Thank you for your answer!

Does beginning month depend on the fiscal year?
For example, in the case of a company (or government) starts in April and ends in March,
the phrase "in the year to September" means from April to September?

Thank you.

[Philo Kevetch]

The answer to your last question depends on which country you are asking about.

In the U.K. - The fiscal year begins April 6 and ends April 5 ;

So...in the U.K., the answer would be -Yes.

What are you working on? Philo

[student teacher]

Hi, teacher Philo Kevetch,

I translate the documents about official statistics of some countries and companies.
So, I may know the fiscal year of countries and companies, but statistics released by a private organization, to know it's fiscal year is difficult.
I have been troubled with the phrase "in the year to ～"!
Your answer is very helpful for me.
Thank you so much.

P.S.
Can you understand what I want to say above?
My English is comprehensible ?

[Philo Kevetch]

Yes, your use of English is quite good and easily understood.
How long have you been using English in your work?

Try <<www.corporateinformation.com>> for a free partial (top 100) list of international private sector companies.

Philo