9 unchanged sentences
In order to minimize exposure to foreign currencies, we maintained cash and cash equivalent balances in foreign currencies, including Chinese Yuan (“RMB”) as operating funds for our foreign operating expenses.
−Removed: For our subsidiaries which use the local currency as the functional currency, including the JV Company, the results and financial position are translated into U.S.
+Added: For our subsidiaries which use the local currency as the functional currency, the results and financial position are translated into U.S.
dollar using exchange rates at balance sheet dates for assets and liabilities and using average exchange rates for income and expenses items.
6 unchanged sentences
Borrowings are drawn down after due consideration of market conditions and expectation of future interest rate movements.
−Removed: As of June 30, 2022, we had $68.0 million outstanding under our loan and $4.7 million outstanding under our capital leases, which were subject to fluctuations in interest rates.
+Added: As of June 30, 2023, we had $49.8 million outstanding under our loan and $4.1 million outstanding under our financing leases, which were subject to fluctuations in interest rates.
For the year ended June 30, 2023, a hypothetical 10% increase in the interest rate could result in $0.3 million additional annual interest expense.
16 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.