4 unchanged sentences
dollar, our functional currency is the pound sterling and the functional currency of our wholly owned foreign subsidiary, Vaccitech Australia Pty, is the Australian dollar.
−Removed: Our cash and cash equivalents as of September 30, 2021 consisted primarily of cash balances held by Vaccitech (UK) Limited in U.S.
+Added: Our cash and cash equivalents as of March 31, 2022 consisted primarily of cash balances held by Vaccitech (UK) Limited in U.S.
Assets and liabilities are translated into U.S.
1 unchanged sentence
Revenue and expenses are translated at the average exchange rate in effect during the period.
−Removed: Translation adjustments are included in the consolidated Balance Sheet as a component of accumulated other comprehensive loss.
+Added: Translation adjustments are included in the consolidated Balance
+Added: Sheet as a component of accumulated other comprehensive loss.
Adjustments that arise from exchange rate changes on transactions denominated in a currency other than the local currency are included in operating expenses, net in the consolidated Statements of Operations and Comprehensive Loss as incurred.
1 unchanged sentence
We are not currently exposed significantly to market risk related to changes in interest rates, as we have no significant interest-bearing liabilities.
−Removed: We had cash and cash equivalents of $233.9 million as of September 30, 2021, which were primarily held as account balances with banks in the United Kingdom, United States and Australia.
+Added: We had cash and cash equivalents of $200.6 million as of March 31, 2022, which were primarily held as account balances with banks in the United Kingdom, United States and Australia.
A hypothetical 10% relative change in interest rates during any of the periods presented would not have had a material impact on our financial statements.
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.