4 unchanged sentences
Currency Exchange Risk
−Removed: exchange risk
−Removed: purchase components
−Removed: and inventories
+Added: We are subject to currency exchange risk because we purchase components for vaults, that we assemble, and inventories that we
currencies, primarily
1 unchanged sentence
forward contracts
−Removed: order to limit our exposure in these transactions to
−Removed: fluctuations in exchange rates between the South African rand (“ZAR”), on the one
−Removed: hand, and the U.S.
+Added: limit our exposure
+Added: in these transactions
+Added: to fluctuations in
+Added: exchange rates between
+Added: the South African
+Added: rand (“ZAR”), on
+Added: the one hand,
dollar and the euro, on the other hand.
23 unchanged sentences
which we manage
−Removed: primarily through regular
−Removed: financing activities.
−Removed: rates in South
−Removed: Africa are trending upwards
−Removed: and we expect higher
+Added: primarily through
+Added: regular financing
Interest rates
−Removed: in the foreseeable future which will increase our cost of
−Removed: We periodically evaluate the cost and effectiveness of interest rate
−Removed: hedging strategies
−Removed: to manage this
−Removed: generally maintain
−Removed: investments in
−Removed: cash equivalents and
−Removed: held to maturity
−Removed: investments and
−Removed: have occasionally invested in marketable securities.
+Added: in South Africa
+Added: have been trending
+Added: upwards in recent
+Added: quarters but have,
+Added: Annual Report, stabilized and
+Added: are expected to
+Added: remain at current
+Added: levels, or perhaps
+Added: even decline moderately
+Added: the last quarter of calendar 2024.
+Added: We periodically evaluate the cost and effectiveness of interest rate hedging
+Added: strategies to manage this
+Added: marketable securities.
short and long-term borrowings in South
110 unchanged sentences
to be other-than-temporary.
−Removed: We hold approximately 27.8% of the issued share capital
−Removed: of Finbond which are exchange-traded equity
−Removed: securities, however, from
−Removed: April 1, 2016,
−Removed: we have accounted
−Removed: for them using
−Removed: the equity method.
−Removed: The fair value
−Removed: of these securities
−Removed: of $4.6 million
−Removed: represented approximately 0.8% of our total assets, including these securities.
+Added: As of June 30, 2024, we did not own any exchange-traded equity securities.
FINANCIAL STATEMENTS
AND SUPPLEMENTARY
−Removed: appear on pages F-1 through F-72 of this Annual Report on Form 10-K.
+Added: consolidated financial
+Added: statements, together
+Added: of our independent
+Added: registered public
+Added: accounting firms,
+Added: appear on pages F-1 through F-76 of this Annual Report.
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
2 unchanged sentences
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.