Quantitative and Qualitative Disclosures About Market Risk
−Removed: We are exposed to foreign currency exchange rate risks inherent in our sales commitments, anticipated sales, and assets and liabilities denominated in currencies other than the functional currency of our subsidiaries.
+Added: We are exposed to foreign currency exchange rate risks inherent in our sales commitments, anticipated sales, and assets and liabilities and equity denominated in currencies other than the functional currency of our subsidiaries.
We hedge future cash flows denominated in currencies other than the functional currency using sales forecasts up to twelve months in advance.
6 unchanged sentences
In anticipation of these foreign currency cash flows and in view of volatility of the currency market, we enter into such foreign exchange contracts as are described above to manage our currency risk.
−Removed: Approximately 53 percent of our revenue in 2021, 52 percent of our revenue in 2020 and 51 percent of our revenue in 2019 were generated in U.S.
−Removed: The overall favorable effect of changes in foreign currency exchange rates, principally as a result of the weakness of the U.S.
−Removed: dollar, has increased revenue by approximately 2 percentage points in the year ended October 31, 2021.
+Added: Approximately 56 percent of our revenue in 2022, 53 percent of our revenue in 2021 and 52 percent of our revenue in 2020 was generated in U.S.
+Added: The overall unfavorable effect of changes in foreign currency exchange rates, principally as a result of the strength of the U.S.
+Added: dollar, has decreased revenue by approximately 4 percentage points in the year ended October 31, 2022.
We calculate the impact of movements in foreign currency exchange rates by applying the actual foreign currency exchange rates in effect during the last month of each quarter of the current year to both the applicable current and prior year periods.
8 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.