11 unchanged sentences
We are exposed to market risk due to the possibility of changing interest rates associated with certain debt instruments.
−Removed: As of December 31, 2019, our U.S.
−Removed: debt bears a variable rate of interest that is based on LIBOR.
−Removed: The debt subject to variable rates is subject to fluctuation in the LIBOR.
+Added: As of December 31, 2020, our debt bears a variable rate of interest that is based on LIBOR or other interbank offered rates.
+Added: The debt subject to variable rates is subject to fluctuation in the LIBOR or other interbank offered rates.
As of December 31, 2020, we had not hedged our interest rate risk.
16 unchanged sentences
In the year ended December 31, 2020, 22.2% of our operating expenses were denominated in RMB and 23.7% of our operating expenses were denominated in NT dollars.
−Removed: Accordingly, fluctuations in exchange rates directly affect our cost of goods sold and net income, and have a significant impact on our operating margins.
+Added: Accordingly, fluctuations in exchange rates directly affect our cost of goods sold and net income (loss), and have a significant impact on our operating margins.
If exchange rates of RMB and NT dollars for U.S.
1 unchanged sentence
As of December 31, 2020, we held the U.S.
−Removed: dollar denominated assets net of liabilities of approximately $8.9 million in our China subsidiary and $6.34 million in our Taiwan branch.
+Added: dollar denominated liabilities net of assets of approximately $3.6 million in our China subsidiary and $17.7 million in our Taiwan branch.
With respect to these U.S.
dollar denominated net assets as of December 31, 2020, if exchange rates of RMB and NT dollars for U.S.
−Removed: dollars were 1% higher during the year ended December 31, 2019 , our other operating expenses would have been increase by $0.2 million.
−Removed: Any significant revaluation of the RMB and NT dollars may materially and adversely affect the cash flows, revenues, and net income as reported in U.S.
+Added: dollars were 1% higher during the year ended December 31, 2020, our other operating expenses would have been reduced by $0.2 million.
+Added: Any significant revaluation of the RMB and NT dollars may materially and adversely affect the cash flows, revenues, and net income (loss) as reported in U.S.
We currently do not use derivative financial instruments to mitigate this exposure.
1 unchanged sentence
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.