3 unchanged sentences
Fluctuations in interest rates may impact the level of income and expense recorded on the cash equivalents and short-term investments, and the market value of all interest-earning assets, other than those which possess a short-term to maturity.
−Removed: During the year ended December 31, 2021 and December 31, 2020, we had net interest income of $9.1 million and $18.4 million, respectively.
−Removed: A 10% change in the interest rate in effect on December 31, 2021 and December 31, 2020, would not have a material effect on (i) fair value of the cash equivalents and short-term investments as the majority of the portfolio has a maturity date of three months or less, or (ii) net interest income.
+Added: During the year ended December 31, 2022 and December 31, 2021, we had interest income, net of $22.5 million and $9.1 million, respectively.
+Added: A 10% change in the interest rate in effect on December 31, 2022 and December 31, 2021, would not have a material effect on (i) fair value of the cash equivalents and short-term investments as the majority of the portfolio has a maturity date of three months or less, or (ii) interest income, net.
Management continues to monitor external interest rates and revise our investment strategy as a result.
+Added: During the year ended December 31, 2022, our average variable interest rate increased by approximately 3.5%.
During the year ended December 31, 2021, our average variable interest rate did not materially change.
−Removed: During the year ended December 31, 2020, our average variable interest rate fell 1.49%, which resulted in a decrease of net interest income of $15.7 million in the period.
Foreign currency risk
7 unchanged sentences
dollar will have a positive impact.
−Removed: As of December 31, 2021 and December 31, 2020, we had foreign currency gain (loss) on translation of $8.2 million and $15.0 million, respectively.
+Added: For the years ended December 31, 2022 and December 31, 2021, we had foreign currency gain (loss) on translation of $(50.6) million and $8.2 million, respectively.
A 10% change in the exchange rates for the Canadian dollar would affect the carrying amount of the net assets by approximately $77.4 million and $87.7 million as of December 31, 2022 and December 31, 2021, respectively.
2 unchanged sentences
As we continue to recognize gains and losses in foreign currency transactions, depending upon changes in future currency rates, such gains and losses could have a significant, and potentially adverse, effect on our results of operations.
−Removed: Table of Con tents
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.