12 unchanged sentences
necessarily GBP.
−Removed: To estimate our foreign currency exchange rate risk, we identify material Euro and US Dollar trading and balance sheet
−Removed: amounts and recalculate the result using a 10% movement in the GBP:US Dollar exchange rate.
+Added: To estimate our foreign currency exchange rate risk, we identify material Euro and USD trading and balance sheet
+Added: amounts and recalculate the result using a 10% movement in the GBP:USD exchange rate.
For the trading figures the 10% movement
1 unchanged sentence
exchange rate used at December 31, 2023.
−Removed: Excluding intercompany balances, our Euro functional
−Removed: currency net assets total approximately $0.4 million, and our US Dollar functional currency net assets total approximately $4.6 million.
−Removed: We use a sensitivity analysis model to measure the impact of a 10% adverse movement of foreign currency exchange rates against the US
−Removed: A hypothetical 10% adverse change in the value of the Euro and the US Dollar relative to GBP as of December 31, 2022, would result
−Removed: in favorable translation adjustments of approximately $0.0 million and $0.5 million, respectively, recorded in other comprehensive loss.
+Added: intercompany balances, our Euro functional currency net assets total approximately $18.3 million, and our USD functional currency
+Added: net liabilities total approximately $7.4 million.
+Added: We use a sensitivity analysis model to measure the impact of a 10% adverse movement
+Added: of foreign currency exchange rates against the USD.
+Added: A hypothetical 10% adverse change in the value of the Euro and the USD relative to GBP as of December 31, 2023, would result in translation adjustments of approximately $1.7 million favorable and $0.7 million
+Added: unfavorable, respectively, recorded in other comprehensive loss.
within our trading results are earnings outside of our functional currency.
−Removed: Retained gains from Euro based entities earned in Euros and
−Removed: retained losses from USD based entities earned in US Dollars in the twelve months ended December 31, 2022, were €13.4 million and
−Removed: $12.3 million, respectively.
−Removed: A hypothetical 10% adverse change in the value of the Euro and the US Dollar relative to GBP as of December
−Removed: 31, 2022, would result in translation adjustments of approximately $1.3 million favorable and $1.1 million unfavorable, respectively,
−Removed: recorded in trading operations.
−Removed: majority of the Company’s trading is in GBP, the functional currency, although the reporting currency of the Company is the US
+Added: Retained gains from Euro based entities earned in Euros
+Added: and retained losses from USD based entities earned in USD in the twelve months ended December 31, 2023, were €10.8
+Added: million and $23.7 million, respectively.
+Added: A hypothetical 10% adverse change in the value of the Euro and the USD relative to
+Added: GBP as of December 31, 2023, would result in translation adjustments of approximately $1.1 million favorable and $2.2 million
+Added: unfavorable, respectively, recorded in trading operations.
+Added: majority of the Company’s trading is in GBP, the functional currency, although the reporting currency of the Company is the USD.
As such, changes in the GBP:USD exchange rate have an effect on the Company’s results.
A 10% weakening of GBP against the
−Removed: US Dollar would change the trading operational results unfavorably by approximately $2.2 million and would result in unfavorable translation
+Added: USD would change the trading operational results unfavorably by approximately $1.6 million and would result in unfavorable translation
adjustments of approximately $8.6 million, recorded in other comprehensive loss.
further information regarding the new external borrowings, see Note 13 to the Consolidated Financial Statements, “Long Term and
−Removed: Financial Statements and Supplementary Data.
−Removed: financial statements are set forth in Item 15 below.
−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.