8 unchanged sentences
We do not enter into investments for trading or speculative purposes.
−Removed: As of December 31, 2021, we had $13.1 million deposited in five banks located in China, $1.2 million deposited in one bank located in France, and $0.3 million deposited in one bank located in the United Kingdom.
+Added: As of December 31, 2022, we had $14.1 million deposited in four banks located in China, $0.7 million deposited in one bank located in France, and $0.4 million deposited in one bank located in the United Kingdom.
We also maintained $130.2 million in cash equivalents that include money market accounts as of December 31, 2022.
25 unchanged sentences
AUK’s subsidiary, IMS UK, maintains its books of record in British pounds.
−Removed: These books of records are translated into USD using average exchange rates during the period.
+Added: These local currencies have been determined to be the subsidiaries’ respective functional currencies.
+Added: Activities in the statements of operations are translated to USD using average exchange rates during the period.
Assets and liabilities are translated at the rate of exchange prevailing on the balance sheet date.
−Removed: Equity is translated at the prevailing exchange rate at the date of the equity transactions.
−Removed: Translation adjustments are reflected in stockholders’ equity and are included as a component of other comprehensive income (loss).
+Added: Equity is translated at the prevailing rate of exchange at the date of the equity transactions.
+Added: Translation adjustments are reflected in stockholders’ equity and are included as a component of other accumulated comprehensive income (loss).
+Added: The unrealized gains or losses of intercompany foreign currency transactions that are of a long-term investment nature are reported in other accumulated comprehensive income (loss).
We are also exposed to the potential earnings effects from intercompany foreign currency assets and liabilities that arise from normal trade receivables and payables and other intercompany loans.
1 unchanged sentence
dollar strengthening against the foreign currencies to which we have exposure would result in approximately $2.6 million reduction of foreign currency gains, and approximately $1.6 million reduction in other comprehensive income.
+Added: As of December 31, 2021, a 10% unfavorable change in the exchange rate of the U.S.
+Added: dollar strengthening against the foreign currencies to which we have exposure would result in approximately $1.7 million reduction of foreign currency gains, and approximately $2.8 million reduction in other comprehensive income.
As of December 31, 2022 and 2021, our foreign subsidiaries had cash balances denominated in foreign currencies in the amount of $2.5 million and $5.7 million, respectively.
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.