QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
−Removed: Market risk represents the risk of loss that may affect us due to adverse changes in financial market prices and rates.
+Added: Market risk represents the risk of loss from adverse changes in financial market prices and rates.
Foreign currency exposure
3 unchanged sentences
A hypothetical 10% strengthening in the U.S.
−Removed: dollar against other currencies would result in the following impact:
−Removed: Nine Months Ended
−Removed: September 30,
+Added: dollar against other currencies would have resulted in:
+Added: Three Months Ended
(Decrease) increase in revenue (4) % (3) %
−Removed: (Decrease) increase in net (loss) (13) % (6) %
+Added: (Decrease) increase in net income 20 % (14) %
Remeasurement risk
−Removed: We experience fluctuations in transaction gains or losses from remeasurement of monetary assets and liabilities denominated in currencies other than the functional currency of the entities in which they are recorded.
+Added: We experience fluctuations in transaction gains and losses from the remeasurement of monetary assets and liabilities denominated in currencies other than the functional currency of the entities in which they are recorded.
We are primarily exposed to changes in foreign currency exchange rates associated with the Australian dollar, Euro, and U.S.
−Removed: dollar-denominated cash and cash equivalents, accounts receivable, unbilled receivables, and intercompany receivables and payables held by our U.K.
+Added: dollar-denominated cash and cash equivalents, receivables, and intercompany receivables and payables held by our U.K.
subsidiary, a British pound functional entity.
A hypothetical 10% strengthening in the British pound exchange rate in comparison to the Australian dollar, Euro, and U.S.
−Removed: dollar would result in the following impact:
−Removed: Nine Months Ended
−Removed: September 30,
+Added: dollar would have resulted in the following impact:
+Added: Three Months Ended
(in thousands) 2021 2020
1 unchanged sentence
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.