5 unchanged sentences
The functional currencies of our Asian subsidiaries are the South Korean won, the New Taiwan dollar, the RMB, and the Singapore dollar.
−Removed: The functional currencies of our European subsidiaries are the British pound and the euro.
+Added: functional currencies of our European subsidiaries are the British pound and the euro.
In addition, we engage in transactions and have exposures to the Japanese yen.
−Removed: We attempt to minimize our risk of foreign currency transaction losses by producing products in the same country in which the products are sold (thereby generating revenues and incurring expenses in the same
−Removed: currency), and by managing our working capital.
−Removed: However, in some instances, we sell products in a currency other than the functional currency of the country where it was produced, or purchase products in a currency that differs from the
−Removed: functional currency of the purchasing entity.
−Removed: We may also enter into derivative contracts to mitigate our exposure to foreign currency fluctuations when we have a significant purchase obligation or significant receivable denominated in a currency
−Removed: that differs from the functional currency of the transacting subsidiary.
+Added: We attempt to minimize our risk of foreign currency transaction losses by producing products in the same country in which the products are sold (thereby generating revenues and incurring expenses in the same currency),
+Added: and by managing our working capital.
+Added: However, in some instances, we sell products in a currency other than the functional currency of the country where it was produced, or purchase products in a currency that differs from the functional currency of
+Added: the purchasing entity.
+Added: We may also enter into derivative contracts to mitigate our exposure to foreign currency fluctuations when we have a significant purchase obligation or significant receivable denominated in a currency that differs from the
+Added: functional currency of the transacting subsidiary.
We do not enter into derivatives for speculative purposes.
−Removed: There can be no assurance that this approach will protect us from the need to recognize significant foreign
−Removed: currency transaction gains and losses, especially in the event of a significant adverse movement in the value of any foreign currency in which we conduct business against any of our functional currencies, including the U.S.
−Removed: Our primary net foreign currency exposures as of October 31, 2022, included the South Korean won, the Japanese yen, the New Taiwan dollar, the Chinese renminbi, the Singapore dollar, the British pound sterling, and
−Removed: As of October 31, 2022, a 10% adverse movement in the value of these currencies against the functional currencies of our subsidiaries would have resulted in a net unrealized pre-tax loss of $34.7 million, which represents a decrease of
+Added: There can be no assurance that this approach will protect us from the need to recognize significant foreign currency transaction gains and
+Added: losses, especially in the event of a significant adverse movement in the value of any foreign currency in which we conduct business against any of our functional currencies, including the U.S.
+Added: Our primary net foreign currency exposures as of October 31, 2023, included the South Korean won, the Japanese yen, the New Taiwan dollar, the Chinese renminbi, the Singapore dollar, the British pound sterling, and the
+Added: As of October 31, 2023, a 10% adverse movement in the value of these currencies against the functional currencies of our subsidiaries would have resulted in a net unrealized pre-tax loss of $52.0 million, which represents an increase of $17.3
million from the same movement as of October 31, 2022.
−Removed: The decrease in foreign currency rate change risk is primarily the result of decreased net exposures of the RMB against the U.S.
−Removed: dollar, which were largely offset increased net exposures
−Removed: of the New Taiwan dollar against the U.S.
−Removed: We do not believe that a 10% change in the exchange rates of other non-U.S.
+Added: The increase in foreign currency rate change risk is primarily the result of increased net exposures of the New Taiwan dollar and South Korean won against the U.S.
+Added: We do not believe
+Added: that a 10% change in the exchange rates of other non-U.S.
dollar currencies would have had a material effect on our October 31, 2023, consolidated financial statements.
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.