13 unchanged sentences
Our net financial instrument position increased from a liability of $8,990.8 at 30 September 2023 to a liability of $13,855.3 at 30 September 2024.
−Removed: The increase was primarily due to NEOM Green Hydrogen Project financing and the issuance of U.S.
−Removed: Dollar- and Euro-denominated fixed-rate notes during the fiscal year.
+Added: The increase was primarily due to the issuance of green senior notes as well as additional borrowings under the project financing associated with the NEOM Green Hydrogen Project as discussed in Note 3, Variable Interest Entities , to the consolidated financial statements.
The analysis below presents the sensitivity of the market value of our financial instruments to selected changes in market rates and prices.
1 unchanged sentence
The market values for interest rate risk and foreign currency risk are calculated by us using a third-party software model that utilizes standard pricing models to determine the present value of the instruments based on market conditions as of the valuation date, such as interest rates, spot and forward exchange rates, and implied volatility.
−Removed: Table of Conte n t s
Interest Rate Risk
9 unchanged sentences
A 10% strengthening or weakening of the functional currency of an entity versus all other currencies would result in a decrease or increase, respectively, of $408 and $308 in the net liability position of financial instruments at 30 September 2024 and 2023, respectively.
−Removed: The increase in sensitivity is primarily due to the issuance of Euro-denominated fixed-rate notes during the fiscal year.
+Added: The increase in sensitivity is primarily due to additional borrowings under the project financing associated with the NEOM Green Hydrogen Project.
The primary currency pairs for which we have exchange rate exposure are the Euro and U.S.
8 unchanged sentences
Dollar would lower our annual operating income by approximately $55 and $25, respectively.
−Removed: Table of Conte n t s
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.