QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKS
−Removed: The Company is exposed to changes in interest rates primarily as a result of its borrowing activities, which include borrowings under the Line, real estate and equipment financing, and the Recovery Zone bonds.
+Added: The Company is exposed to changes in interest rates primarily as a result of its borrowing activities, which include borrowings under the Line, real estate and equipment financing, and the bonds.
The Line, along with cash flow from operations, is used to maintain liquidity and fund business operations.
7 unchanged sentences
Long-term debt, variable interest rate (1)(2)
−Removed: Average year-end interest rate (1)(2)
−Removed: Long-term debt, fixed interest rate
Average interest rate
18 unchanged sentences
On the basis of the fair value of the Company’s market sensitive instruments at September 30, 2023, the Company does not consider the potential near-term losses in future earnings, fair values and cash flows from reasonably possible near-term changes in interest rates and exchange rates to be material.
−Removed: FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
−Removed: The Company’s financial statements required by this item are set forth as a separate section of this Annual Report on Form 10-K and incorporated by reference in this Item 8.
−Removed: See Part IV, Item 15 of this Annual Report on Form 10-K.
−Removed: CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.
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.