12 unchanged sentences
necessarily GBP.
−Removed: To estimate our foreign currency exchange rate risk, we identify material Euro and USD trading and balance sheet
−Removed: amounts and recalculate the result using a 10% movement in the GBP:USD exchange rate.
+Added: To estimate our foreign currency exchange rate risk, we identify material Euro and US Dollar trading and balance sheet
+Added: amounts and recalculate the result using a 10% movement in the GBP:US Dollar exchange rate.
For the trading figures the 10% movement
1 unchanged sentence
exchange rate used at December 31, 2024.
−Removed: intercompany balances, our Euro functional currency net assets total approximately $18.3 million, and our USD functional currency
−Removed: net liabilities total approximately $7.4 million.
−Removed: We use a sensitivity analysis model to measure the impact of a 10% adverse movement
−Removed: of foreign currency exchange rates against the USD.
−Removed: 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
−Removed: unfavorable, respectively, recorded in other comprehensive loss.
+Added: intercompany balances, our Euro and US Dollar functional currency net assets total approximately $22.8 million and $15.6 million respectively.
+Added: We use a sensitivity analysis model to measure the impact of a 10% adverse movement of foreign currency exchange rates against the US
+Added: A hypothetical 10% adverse change in the value of the Euro and the US Dollar relative to GBP as of December 31, 2024, would result
+Added: in favorable translation adjustments of approximately $2.2 million and $1.6 million 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
−Removed: and retained losses from USD based entities earned in USD in the twelve months ended December 31, 2023, were €10.8
−Removed: million and $23.7 million, respectively.
−Removed: A hypothetical 10% adverse change in the value of the Euro and the USD relative to
−Removed: GBP as of December 31, 2023, would result in translation adjustments of approximately $1.1 million favorable and $2.2 million
−Removed: unfavorable, respectively, 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 USD.
+Added: Retained gains from Euro based entities earned in Euros and
+Added: retained losses from USD based entities earned in US Dollars in the twelve months ended December 31, 2024, were €11.0 million and
+Added: $17.1 million, respectively.
+Added: A hypothetical 10% adverse change in the value of the Euro and the US Dollar relative to GBP as of December
+Added: 31, 2024, would result in translation adjustments of approximately $1.1 million favorable and $1.6 million unfavorable, respectively,
+Added: 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 US
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: USD would change the trading operational results unfavorably by approximately $1.6 million and would result in unfavorable translation
+Added: US Dollar would change the trading operational results unfavorably by approximately $6.56 million and would result in unfavorable translation
adjustments of approximately $4.4 million, recorded in other comprehensive loss.
−Removed: further information regarding the new external borrowings, see Note 13 to the Consolidated Financial Statements, “Long Term and
+Added: further information regarding the external borrowings, see Note 13 to the Consolidated Financial Statements, “Long Term and Other
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.